Overview
- The Kremlin meeting on Monday marked Putin’s second session this year with Herman Gref, underscoring Sberbank’s strategic standing.
- Putin praised Sberbank’s results as evidence of the institution’s solid resilience following Gref’s performance update.
- Gref said profit would be roughly six percentage points higher than in 2024 and indicated dividend payouts will rise next year.
- Sberbank highlighted nationwide face-recognition payments, with 1.3 million enabled terminals operating from Kamchatka to Kaliningrad.
- Gref detailed a fast Bluetooth-based phone payment system, described as a domestic alternative to Apple Pay, supported by low-cost terminals priced around $55.