The central bank began the selection of consultants for the sale of shares of Sberbank

Central Bank of Russia has started the selection of banks - financial advisers to sell its stake in Savings Bank in the amount of 7.58% minus one share. On Wednesday, May 25, according to Department of External and Public Relations of the Bank of Russia. We recall the decision to sell 1,712,994,999 shares of the Savings Bank in order to reduce the proportion of the CBR in the credit institution to a level of 50% plus one voting share received the National Banking Council of 22 March 2011. Technical agent for the selection of consultants serves Sberbank. Tuesday, May 24, Deputy Chairman of Sberbank, Anton Karamzin said that Sberbank maintains plans for the timing of privatization of the bank's shares fall of 2011. "In May, planning to determine the lead bank. Want to be technically ready for privatization in the autumn, if the market it will allow "- affirmed the deputy head of the credit institution. Sale of 7.58% of the share capital of the Savings Bank provided a three-year privatization plan, but the bank's management has repeatedly stated that the process of implementing this package starts in the fall of 2011.