FRANKFURT Nov 22 Sberbank Chief
Executive German Gref said he did not believe the euro zone will
remain intact because member states within the common currency
have such different levels of competitiveness.
"In the long term it is impossible to save the euro zone
with the same countries," Gref said at a conference in
Gref said Sberbank has sworn off acquisitions for the next
three years, and will instead focus on integrating recently
Sberbank said it is targeting a return on equity of more
than 20 percent for 2013 and a net profit of 400 billion roubles
($12.84 billion), adding that the bank was working on fresh
targets for the period until 2019.
($1 = 31.1612 Russian roubles)
(Reporting By Edward Taylor, Arno Schuetze and Jonathan Gould)