By Andrei Skvarsky.

Russia’s Central Bank plans to sell off some of its shares in Sberbank, a move that would still leave the overseer of Russia’s monetary system in control of the country’s biggest lender.

Up to 1,712,994,999 ordinary shares, which make up 7.58% of Sberbank’s capital, would go on sale, according to a statement from the Central Bank. This may reduce the latter’s stake in the lender to 50% plus one voting share.

The plan follows a government-approved 2011 decision of the National Banking Council to cut Central Bank interest in Sberbank by 2013.

By Andrei Skvarsky. Russia’s Central Bank plans to sell off some of its shares in Sberbank, a move that would still leave the overseer of Russia’s monetary system in control of...