* Will remain focused financial
* The closure of branches not more than 150 this year
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Unable to perform Translation:invalid textBy Dmitry Sergeyev and Toni Vorobyov
Unable to perform Translation:invalid textSochi, Russia, Sept 19 (Reuters) - Sberbank (SBER03.MM) is pleased that Russia \ 's largest lender, hopes and activities of unpaid loans, the sale was recorded during the crisis - the deposit Stores - Within three years, its head said on Saturday.
Unable to perform Translation:invalid textRussia put the first recession in a decade this year, and the resulting increase in bad debts has seen a wide range of activities in the hands of the banks to pass.
Unable to perform Translation:invalid text\ "Our responsibility is to fund ... We need to arrive as quickly as possible to get rid of these assets, \" Chief Sberbank German Gref told an economic forum in the Black Sea resort of Sochi.
Unable to perform Translation:invalid text\ "We are already one of the three largest distributors in the country and a large oil company. If we start to do (rail) freight and Russian Railways started to open branches of the bank, won \ 't work all \"
Unable to perform Translation:invalid textThe head of state controlled by the bank later told reporters that he hoped to sell these assets over the next 2-3 years.
Unable to perform Translation:invalid text\ "Some of the assets, it will not sell immediately, and they need some specific restructuring and injection of additional funds \" said Gref.
Unable to perform Translation:invalid textSberbank has already taken control of oil deposits in the Urals power, various building projects and a chain of stores, while security covers for their books of an airline.
Unable to perform Translation:invalid textGref \ 's wrong with the mood by the Russian government, which has said it will auction off assets by enterprises, not credits purchased under the grant refunds of state \' s anti-air crisis. [ID: nLG21592]
Unable to perform Translation:invalid textBe further diversified their activities, where Sberbank, with Canada \ 's Magna (MGa.TO) has recently decided to include a majority stake in German car manufacturer Opel, General Motors [Buy GM.UL].
Unable to perform Translation:invalid textMINIMAL branch closures
Unable to perform Translation:invalid textUnlike Russia \ 's number two lender VTB (VTBR.MM), Sberbank has managed to stay in profit. Gref confirmed that the provisions of 2.5 times the effective yield on loans not their books.
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