He noted that now Sberbank is actively involved in negotiations with the Central Bank of China. Vedyakhin stressed that a large package of documents had been submitted to the Chinese regulator and that the Central Bank of China scrupulously treats each document and requests them in large quantities, RIA Novosti reports.

I hope that by the end of 2023 we will be able to open a branch in China. Usually, it takes one and a half to two years, but we hope that by the end of 2023 we will already have a branch in this country. A large package of documents went there,  the top manager explained.

Vedyakhin previously announced that Sberbank will close the Sberinvest Middle East office located in Abu Dhabi. The representative office will stop working in the first quarter of 2023. Vedyakhin cited sanctions as the reason for closing the office.

Earlier, the Central Bank of Russia approved a list of banks considered systemically important. It included 13 credit institutions that had this status before. Sberbank, Alfa-Bank, Gazprombank, Unicredit, Sovcombank, VTB, MCB, Otkritie, Rosbank, Tinkoff Bank, Promsvyazbank, Raiffeisenbank, and Rosselkhozbank retained the status of systemically important banks.

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