Sberbank

Form of incorporationОJSC
CountryRussia
CityMoscow
Address19 Vavilova, Moscow, Russia 117997
Phone+7 (495) 957-58-62
Company web-sitehttp://www.sbrf.ru/
Publish date2010-08-02

Rating

8 18
8

Information Sberbank

Sberbank today is the largest credit institution in Russia and CIS. Its assets are valued at a quarter of the national banking system, and their share in the bank capital is 30%. Sberbank of Russia is a universal bank performing all the main types of banking transactions in the market of financial services including deposits and Credits, as well as the maintenance of private and corporate clients, investment banking, trade finance and asset management. Established in 1841, Sberbank has grown into a universal commercial bank with diversified businesses. Sberbank is the biggest taker of deposits in the country and the key lender to the national economy. Sberbank has the largest countrywide branch network with 17 regional head offices and more than 18,880 retail outlets with about 241,000 employees. Elsewhere, Sberbank operates subsidiary banks in Kazakhstan, Ukraine and Belarus. Sberbank’s shares have been publicly traded on MICEX and RTS since 1996. Sberbank’s average daily turnover makes about 40% of total MICEX turnover. Sberbank is closely engaged in international activities through direct settlement agreements, correspondent accounts with over 220 leading credit institutions of the world, trade finance operations and membership in a number of international financial organizations. Close business ties and universal recognition by foreign counterparties enable Sberbank to offer a wide spectrum of financial services to its clients involved in foreign activities, access funding markets abroad and keep up with the best international practices. Sberbank’s solid business reputation is confirmed by its international ratings: "BBB" long term issuer default rating from Fitch Ratings and a long term foreign currency deposit rating of "Baa1" from Moody’s Investors Service. The Bank has the highest national scale rating of AAA.ru. Prudent risk management, cost optimization and higher efficiency incentives will help Sberbank to weather the current financial turmoil, maintain leadership in the Russian financial system and become one of leading global financial institutions.


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