Sberbank to pay 50 percent of earnings in dividends by 2020 -CEO

LONDON, Dec 14 (Reuters) - Russia's Sberbank plans to pay 50 percent of its earnings in dividends by 2020, under a favorable scenario, Chief Executive Herman Gref told investors on Thursday.

Speaking at an investor presentation in London, Gref said Russia's biggest bank by assets was targeting 12.5 percent growth in capital by 2020. (Reporting by Dasha Afanasieva; Editing by Mark Potter)