The improvement of Russian-Ukrainian relations will cause a flow of Russian investment to Ukraine's economy, Russia's Sberbank chairman German Gref said.
"The rapprochement will obviously transform into a significant rise of investments. The attitudes of Russian investors have changed," Gref said on late Tuesday in Ukraine's city of Yalta.
Sberbank is actively developing a network of branches in Ukraine's Crimean Peninsula.
Sberbank's wholly-owned Ukrainian subsidiary is now among the top 20 Ukrainian banks by assets.
Gref said that Sberbank was planning to develop its own network in Ukraine instead of buying one of the Ukrainian banks as was announced earlier.
"To buy an old network and then reinvest in it is a too expensive and is sometimes an unjustified deal," he added.
YALTA, June 30 (RIA Novosti)
