MOSCOW, Nov 7 (Reuters) - Russia's biggest bank Sberbank expects record profits this year, CEO German Gref said on Tuesday.

Gref also said the bank would approve its dividend policy on Dec. 5 and no major changes were expected.

Gref told a press conference he expects the rouble exchange rate to be stable for the rest of the year, with a tendency to strengthen slightly.

(Reporting by Elena Fabrichnaya, writing by Filipp Lebedev and Mark Trevelyan)