Russian lender Sberbank bets on e-commerce as it seeks to expand beyond banking

Russian lender Sberbank bets on e-commerce as it seeks to expand beyond banking

A worker paints the facade of a branch of Sberbank in central Moscow, Russia, August 17, 2016. REUTERS/Sergei Karpukhin

Russia’s largest lender Sberbank expects its non-financial businesses to generate 60% of company revenues by 2030, with e-commerce at the heart of a new three-year strategy, unveiled by Chief Executive German Gref on Monday.

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