Sberbank is the largest bank in Russia and CIS. Sberbank accounting for about a quarter of the aggregate Russian banking assets and a third of banking capital. Central Bank of the Russian Federation is the founder and the major shareholder of Sberbank, owning above 60% of voting shares. According to The Banker magazine, as of 1 July 2010, Sberbank was ranked 43th in the world in terms of Tier 1 capital. Total assets: US$ 306 billion (as of March 31, 2011).
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. The Bank has the most widespread branch network in Russia: 17 Regional Head Offices, over 20,000 branches and banking outlets, as well as subsidiaries in Ukraine - Sberbank of Russia (Kiev), Belarus - BPS-Bank and Kazakhstan, a branch in India, and a representative office in Germany.
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Sberbank :: Press Releases
30.11.2011 Sberbank Group registered net profit of RUB 255.8 billion (approx. $8.5b) in the first nine months of 2011, an increase of 133% from a year earlier. As at 30 September 2011, the Group's total assets reached RUB 9.546 trillion.
08.09.2011 Sberbank to acquire 100% of Volksbank International (Austria). The agreed deal price will be 1.0x VBI book value (excluding VB Romania) ranging from €585 mln to €645 mln depending on business performance of VBI in 2011.
30.08.2011 Sberbank, the largest bank in Russia and CIS, reports first-half 2011 net profit of 176.1 billion rub (approx. US$ 6 billion), compared to 64.3 billion rub in 1H2010 (up 174%).
30.06.2011 Sberbank of Russia receives approval of admission to trading of American Depositary Receipts (ADR) on the London Stock Exchange (LSE). More
31.05.2011 Sberbank reports first quarter 2011 net profit of RUB 86.8 billion (approx. US$ 3.1 billion), compared to RUB 43.5 billion in the first quarter 2010.
Financial News
Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012 U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Source: Reuters
Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011 Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday. Source: Reuters
Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011 Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy. Source: BBC News
Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011 Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market (now < 1% population is banking Islamic Banks), lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry. Source: Fleming Gulf
JBIC inks $43bn credit line pact with Japan banks - 05.10.2011 The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas. Source: Nikkei
U.S. banks begin charging monthly debit-card fees - 01.10.2011 Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases. Source: CNNMoney