Sberbank

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Sberbank Rossii OAO

logo
legal form Public corporation
ISIN RU0009029540
founding 1991
Seat Moscow , RussiaRussiaRussia 
management
  • Sergei M. Ignatjew, Chairman of the Supervisory Board
Number of employees Over 250,000
sales US $ 46.3 billion (2017)
Branch Bank
Website www.sberbank.ru/en/

Sberbank ( Russian: ПАО Сбербанк России PAO Sberbank Rossii ) is the largest financial institution in Russia and a multinational financial group headquartered in Moscow .

Sberbank (SbRF) is predominantly state-owned. It holds almost a third of the assets of the Russian banking sector and the highest percentage of savings deposits in Russia. It is one of the largest lenders to the Russian economy. Sberbank has more than 137 million private customers and more than 1 million corporate customers in 22 countries. With more than 16,500 branches, the bank has the largest sales network in Russia. International business operations include the United Kingdom , United States , the Commonwealth of Independent States , Central and Eastern Europe, Turkey and other countries. In 2014 it was the largest bank in Russia and Eastern Europe and the third largest in Europe. The bank had total assets of US $ 471 billion in 2017.

Corporation

The bank is a stock corporation . The Bank Rossii (Central Bank of the Russian Federation) owns 50% plus one share, the remaining shares are held by Russian and foreign investors. The former Russian Minister of Economic Affairs, Herman Gref , has been the Chairman of the Executive Board since November 2007 . In 2018, the nine board members were paid 5.488 billion rubles, around 76 million euros.

History and Development

Sberbank is the historical successor to the Tsar I. Nicholas founded savings bank . Two small institutions in Saint Petersburg and Moscow with 20 employees quickly became an extensive network of savings banks throughout Russia. During the Soviet era they were integrated into the state savings bank system. After the collapse of the Soviet Union , Sberbank became a state universal bank and a multinational group that is represented in several countries.

The company has been listed in the RTS Index and on the London Stock Exchange (ADR) since 1996 . From 2006 to 2009 the group bought banks in Belarus , Ukraine and Kazakhstan . In 2011 Sberbank bought the international business of Volksbank Group. In 2012, Sberbank bought the Turkish Denizbank from Dexia NV / SA. On May 22, 2018, Sberbank agreed to sell all of its Denizbank shares (99.85%) to Emirates NBD .

Sberbank Europe AG

The Sberbank Europe Group headquartered in Vienna is 100% owned by Sberbank of Russia. It operates in ten countries ( Germany , Bosnia and Herzegovina , Austria , Croatia , Serbia , Slovenia , the Czech Republic , Ukraine and Hungary ), operates 282 branches and employs 4,962 people (as of June 30, 2014). As a member of the deposit insurance of Banken & Bankiers GmbH, there is a deposit insurance in Austria of up to 100,000 euros.

Sberbank Direct

Sberbank Direct is the online brand of Sberbank Europe AG and offers products for private customers. The bank works with a mobile TAN procedure and TÜV-certified online banking software. Sberbank Europe is expanding to Germany and offers Sberbank Direct overnight money to German savers through its branch in Frankfurt . In Germany, Sberbank has had a branch in Frankfurt am Main since July 28, 2014 and is a member of the Association of German Banks . It offers online products, including a call money account .

EU sanctions

While the parent company Sberbank is on the sanctions list of the European Union due to the restrictive measures taken due to the actions of Russia that destabilized the situation in Ukraine (see also Crimean crisis ), Sberbank Europe was initially not affected. In mid-2014, however, there was a dramatic collapse in business, especially as investors withdrew around 22 billion US dollars in capital. Together with other Russian banks, Sberbank has therefore taken the EU Commission to court.

The embargo has no impact on the deposit business or payment transactions with this institution. It is only a matter of placing bonds or similar financial products on the domestic market with a term of more than 90 days. (Other banks include VTB, Gazprombank, Vnesheconombank (VEB) and Rosselkhozbank.)

literature

  • Natalia Babintseva, Michail Litvjakov, Olga Savkevitsch: The savings bank system in Russia and in the former USSR: A view from the outside. In: Bank historical archive. 1/1994, magazine for banking history, published by the Scientific Advisory Board of the Institute for Bank History Research, Frankfurt am Main.

Web links

Commons : Sberbank  - collection of pictures

Individual evidence

  1. ↑ a b c [1] Sberbank.com
  2. ^ The World's Largest Public Companies . In: Forbes . ( forbes.com [accessed July 17, 2018]).
  3. ↑ a b [2] website of Sberbank Europe AG. Retrieved August 18, 2014.
  4. ↑ Top 1000 World Banks - Sales bring changes in CEE but Russia still rules. In: The Banker. June 30, 2014, accessed October 11, 2014 .
  5. ^ The World's Largest Public Companies . In: Forbes . ( forbes.com [accessed July 17, 2018]).
  6. ↑ Three dozen top managers occupied more than two regions of the country in one year , ktovkurse.com, May 14, 2019
  7. ↑ Sberbank of Russia website. Retrieved August 18, 2014.
  8. ↑ [3] Bps-sberbank.by
  9. ↑ [4] Sberbank.ua
  10. ↑ [5] Sberbank.kz
  11. ↑ [6] RT.com
  12. ↑ Sale to Sberbank. Retrieved September 28, 2012 .
  13. ^ Sberbank and Emirates NBD sign definitive agreement for the sale and purchase of 99.85% of shares in Denizbank AS
  14. ↑ [7] website of Sberbank Europe AG. Retrieved November 6, 2014.
  15. ^ [8] Sberbank Direct website. Retrieved August 18, 2014.
  16. ↑ Regulation (EU) No. 833/2014 of the Council of 31 July 2014 on restrictive measures in view of the actions of Russia that are destabilizing the situation in Ukraine
  17. ↑ Halia Pavliva: Sberbank Drops as EU Sanctions on Russian Lenders Loom . In: Bloomberg News , Bloomberg LP, July 28, 2014. Retrieved November 14, 2014. 
  18. ↑ 'EU in court!' Biggest Russian lender Sberbank launches sanctions appeal . In: RT , Autonomous Nonprofit Organization “TV-Novosti”, December 29, 2016. Accessed December 11, 2015. 
  19. ^ EU sanctions against Russia . In: IHK Region Stuttgart . ( ihk24.de [accessed on May 16, 2018]).