Gref named the sources of his inspiration and recommended books

The main source of inspiration for the head of Sberbank German Gref remains music, primarily classical, he said at the Day of the investor.

“Inspiration for me is, of course, music. I can’t recommend anything new, probably. But the inspiration for me is of course classic and good sound, he said.

From the books, he singled out “The Experienced Man:” How to Stop Being a Function and Become Alive by Ilya Latypov Gref also recommended neuroscientist Robert Sapolsky’s “Everything is Decided: A Life Without Free Will” on the nature of human decisions and free will. According to him, this topic is also related to the future of artificial intelligence (AI).

At the Investor Day, Sberbank also presented its strategy until 2029. Gref said that the bank’s dividend policy for the next three years will remain the same: 50% of IFRS profits will be allocated to shareholders with a capital adequacy of at least 13.3%. Among the goals of the strategy is an annual return on capital of at least 21%.