The head of Sberbank considers a bank deposit to be the most reliable method of investing money, but admits that it does not have a very high profitability.
The head of Sberbank, German Gref, said that he considers a bank deposit to be the most reliable investment tool, and he called cryptocurrencies and shares the most risky way to invest. The deposit in the bank is completely reliable, but it does not have a very high yield, Gref said in an interview with NTV .
“There are a large number of instruments that today allow you to minimize risk and maintain more or less sufficient profitability. These are all kinds of fixed income instruments, ”added the head of the bank.
In 2019, Gref has already spoken out about cryptocurrencies. Then he compared digital assets to casinos and stated that they are not investment instruments. According to the head of Sber, cryptocurrencies are necessary for transactions.
In January of this year, Sberbank filed an application with the Bank of Russia to register a blockchain platform for issuing its own digital asset – a savings coin (a stablecoin, the rate of which will be pegged to the ruble exchange rate).
