December 24, 2019 / 4:06 PM / 3 months ago

Russia in talks over future of central bank's stake in Sberbank

MOSCOW, Dec 24 (Reuters) - Russian government is discussing whether the central bank should continue to hold a controlling stake in Sberbank, the country’s top bank, the finance minister Anton Siluanov told reporters on Tuesday, confirming an earlier Reuters report.

Four sources told Reuters last week that officials were in talks to transfer the central bank’s stake in Sberbank to another state entity, as unease grows about the central bank’s role as both owner and supervisor.

“This issue is being discussed, as there is a conflict of interests,” Siluanov, who also serves as first deputy prime minister, said. “The central bank also owns banks it has bailed out but it should not accumulate institutions it supervises.” (Reporting by Darya Korsunskaya Writing by Katya Golubkova. Editing by Jane Merriman)

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