Kazmin Received a Mail Order
Russia’s President Vladimir Putin has revived his past year’s idea to use the mail service for rendering financial and bank services to the nation. Yesterday, Sberbank President Andrey Kazmin was offered to take over the losing federal-run Pochta Rossii (Mail Service of Russia). The name of Kazmin’s successor in the country’s biggest savings bank is yet unknown.
Having reviewed the report of Andrey Kazmin about Sberbank’s activities, Vladimir Putin agreed with Prime Minister Viktor Zubkov about appointing him to take over Pochta Rossii. “The results, achievements of the bank are really high. And the merits of management, chief Kazmin are considerable,” Putin said.
The forthcoming dismissal of Kazmin from Sberbank was reported past Thursday, the sources say he had written the resignation two weeks ago. But the new employment of Kazmin astonished the observers at first. “It isn’t even the honorable pension but rather the honorable servitude,” said a CEO of one of the banks.
Then, however, the market recalled president’s order of past November, when Putin committed the government and the Central Bank of Russia to decide on widening infrastructure of Russia’s mail service to render financial and bank services to the population and small business.” “When speaking about Pochta Rossii, it is a vast area,” Putin said yesterday, “400,000 employees and 40,000 offices, twice as many as Sberbank has.”
In essence, Kazmin’s appointment could be viewed as an order to make an efficient financial institution out of Pochta Rossii. Andrey Kazmin will not only make the mail service efficient but also “execute the task of making bank services accessible through mail offices,” said Olga Prokofieva, who advises the board chairman of Svyaz Bank.
Kazmin’s contract with Sberbank expires in 2010 and exactly the holders will finally decide on his resignation at their extraordinary meeting.
Sberbank is Russia’s biggest bank. As of September 1, its capital amounted to 618.3 billion rubles, the profits stood at 85.3 billion rubles, the credit portfolio amounted to 3,277.6 billion rubles. Central Bank of Russia has 57.6 percent in Sberbank, while the remainder is distributed amid 237,000 holders, including 230,000 individuals.
www.kommersant.com
All the Article in Russian as of Oct. 09, 2007
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