"Work in Belarus last year was associated with a 17-percent return on capital, which is very good for the banking market, although lower than in Russia. This year, I think we will reach 20%, which is the norm for us. We can assume that since 2018 our work in Belarus is moving into a stable direction without crisis situations. This is a profitable market that brings an acceptable rate of return. And, accordingly, all opportunities are opening up to invest new resources in Belarus, which we will do," German Gref said.
He noted various directions for expansion of our presence in the market of Belarus. Starting with the provision of technology for lending to small and medium businesses through automatic decision-making through neural networks. "Now our specialists in Russia are training neural networks, taking into account the data that we have received from the National Bank of Belarus. And we hope that we will launch this technology in Belarus by the end of the year. The second area concerned the transfer of technology related to the use of customer identification. We will also supply them to the Belarusian market through a subsidiary Bank," the source added.
Sberbank supports many education projects in Russia. "We agreed that the next visit of the President of Belarus will show everything we do. And if it will be interesting, ready to start the implementation support programmes of education of Belarus, the same as "the Teacher of Russia", - said Herman Gref.