Sberbank will replace the auditor for the first time since 2002

Sberbank of Russia will change the auditor for the first time in 14 years, instead of Ernst&Young will be PricewaterhouseCoopers. About this stated the head of Sberbank German Gref, transfers “Interfax”.

While E&Y will continue to work with the foreign network of the Bank. “Audit organization will be asked to approve the company that won the competition. For a Russian legal entity is PricewaterhouseCoopers and the company, which will deal with the audit of our entire international network, is the company Ernst&Young,” said Gref after the meeting of the Supervisory Board.

To become the auditor of the savings Bank, claimed four of E&Y, PricewaterhouseCoopers, Deloitte & Touche and KMPG, the information on the website of public procurement. The starting price of the contract amounted to 80 million rubles PricewaterhouseCoopers proposed a minimum price for their services – 52,5 mln.

As notes “Interfax”, the savings Bank last changed auditor in 2002. Then they became Ernst&Young, and prior to that the Bank’s auditor was PricewaterhouseCoopers.