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Sberbank Rossii
Сбербанк России
Type	Joint stock company
Founded	1841; 1988 (transformed to present status)
Headquarters	Moscow, Russian Federation
Key people	German Gref; (President and CEO)
Industry	Banking
Products	Financial Services
Revenue	▲RUB 348.7 billion; eq. US$ 20.7 billion (2008)
Net income	▲RUB 89.3 billion; eq. US$ 4.16 billion (2008)
Total assets	US$ 200.9 billion
Owner(s)	Russian Central Bank (60.25%)
Employees	251,000
Website	www.sbrf.ru

Sberbank Rossii (MICEX:SBER RTS:SBER) (Russian: Сбербанк России, a contraction of "сберегательный банк"; English: "Savings Bank of the Russian Federation") is the largest bank in Russia and Eastern Europe. The company's headquarters are in Moscow and its history goes back to Cancrin's financial reform of 1841.^[1] In many regions Sberbank is practically the only bank capable of providing local administrations with complex banking services and of rendering significant financial support in implementing investment and social programs.

[edit] History

The Savings Bank of the Russian Federation is the oldest bank in the country, established in 1841. After the 1998 Russian financial crisis, Sberbank continued to shift its focus away from GKOs and toward investment in the private sector of the economy. Its loan portfolio increased between two and three times in 1999 as it lent large amounts to oil, natural gas, and mining concerns.

[edit] Ownership

The Central Bank of the Russian Federation, also known as 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.

[edit] Management

Chairman of the Board and CEO: German Gref (Mr.) (confirmed by the Board of Directors on 16 October, 2007)

[edit] Key statistics

The bank has approximately 20,000 branches with 242,000 employees and revenues of 8 billion USD.

[edit] Largest Financing Projects

The Bank's largest ten borrowers received RUB 297 billion in 2004. Known projects include:

GT TEZ Energo (construction of gas turbine electric power plants)
Sevmorneftegaz (Gazprom's subsidiary owning licenses for the Shtokman field and to develop the Prirazlomnoye oil field)
Sayanskhimplast (chlorine and caustic soda production facilities improvements)
The "Svyazinvest's 2004 investment programme"
Ilyushin Finance Co. (lease for three aircraft)
Delta Telecom's (St. Petersburg cell network)

[edit] Export Credit Agencies relationships

Sberbank signed cooperation agreements with several Export Credit Agencies (ECAs) in 2004 including Eximbank USA, Eximbank Hungary and the Israel Foreign Trade Risks Insurance Corporation. Sberbank has also cooperated with OeKB, ECGD, Euler Hermes, SACE, CESCE, EDC (Canada), Atradius (Netherlands), KUKE (Poland), COFACE (France), Finnvera (Finland), EGAP (Czech), EKN (Sweden), ERG (Switzerland), NEXI (Japan) and Japan Bank for International Cooperation.

[edit] Subsidiaries

Sberbank Rossii (Kazakhstan) (former Texakabank)

Sberbank Rossii's office in Atyrau, Kazakhstan
Sberbank Rossii (Ukraine) (former NRB)
BPS-Bank (Belarus)^[2]

[edit] See also

[edit] References

^ http://www.sbrf.ru/en/about/
^ Klimentev, Gleb (2009-12-10). "Сбербанк открыл ячейку в Белоруссии". gazeta.ru. http://www.gazeta.ru/financial/2009/12/10/3296995.shtml. Retrieved 2009-12-11.

[edit] External links

Companies portal

[0] ttp://www.sbrf.ru/en/about/

[1] Klimentev, Gleb (2009-12-10). "Сбербанк открыл ячейку в Белоруссии". gazeta.ru. http://www.gazeta.ru/financial/2009/12/10/3296995.shtml. Retrieved 2009-12-11.

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