Sberbank to sell unpaid loan assets

Sberbank (SBER03.MM) is happy to remain Russia's largest lender and hopes to sell assets acquired through unpaid loans during the crisis -- from shops to oil fields -- within three years, its head said on Saturday.

Russia slipped into its first recession in a decade this year and the resulting rise in non-performing loans has seen a wide range of collateral pass into the hands of banks.

"Our job is finance ... We must, as quickly as possible, get rid of these assets," Sberbank chief executive German Gref said at an economic forum in the Black Sea resort of Sochi.

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