Sberbank Rossii 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. According to The Banker magazine, as of July 1, 2009, Sberbank was ranked 38th in the world in terms of Tier 1 capital.
The Bank of Russia, is a majority shareholder of Sberbank, owning 60.25% of Sberbank's voting shares with the rest of the shares dispersed among portfolio, private and other investors with an estimated shareholding of about 20% by foreigners.
07.06.2010 Sberbank has published its condensed interim consolidated IFRS financial statements. Net profit for 1Q 2010 totaled RUB 43.5 bn or RUB 2.01 per ordinary share, compared to RUB 0.6 bn or RUB 0.03 per ordinary share for 1Q 2009. More
30.01.2010 Sberbank releases 12M 2009 Financial Highlights (under RAS). Operating income before provisions grew 30.2% y-o-y to RUB647.2 bn. Net interest income, which increased by 36.4% y-o-y to RUB456.8 bn, was the driver of this growth. More
25.11.2009 Sberbank releases 10M 2009 Financial Highlights (under RAS). Net profit totaled RUB17.1 bn (approximately US$592 million) vs. RUB113.0 bn (approximately US$3.9 bn) for 10 months of 2008. More
23.10.2009 Despite the challenging economic environment, Sberbank keeps on generating income and reducing operating expenses. For 9M2009, operating income before provisions grew 33.1% to RUB445 bn ($15.3 billion). More
Business and Financial News
Best Banks in Central and Eastern Europe for 2009 - 14.05.2010 The following are the «Best Banks in Central and Eastern Europe for 2009» according to rankings published by Global Finance magazine: Source: Global Finance
Big banks slashed small business credit lines - 13.05.2010 The biggest Wall Street banks slashed their small business loan portfolios by 9% between 2008 and 2009, more than double the rate at which they cut their overall lending, according to a government report released Thursday. Source: CNN Money
European Union agrees on €750bn bailout fund for eurozone - 10.05.2010 Crisis-hit Europe on Monday announced a monster rescue package running to 750 billion euros between euro countries and the IMF, sending the euro surging in Asian trade. Leaders hope an unprecedented international intervention, worth just shy of one trillion dollars, will represent a game-changing European financial war chest, which will also be backed by European Central Bank action to nudge debt and currency markets. Source: Financial News
Debt crisis may hurt banks outside Greece - 06.05.2010 Credit ratings agency Moody's Investor Service said the banking systems in Portugal, Italy, Spain, Ireland and Britain could all be hurt by a widening debt crisis. Source: Associated Press
Bank of Russia cuts discount rate - a historic low for Russia - 04.05.2010 The Bank of Russia slashed its discount rate by another 0.25 percent from April 30. Starting tomorrow, the rate will be 8 percent per annum - a historic low for Russia. Source: RBC
Sberbank Rossii 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. According to The Banker magazine, as of July 1, 2009, Sberbank was ranked 38th in the world in terms of Tier 1 capital. 
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