Sberbank: Wikis

Advertisements
  
  

Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.

Encyclopedia

From Wikipedia, the free encyclopedia

Sberbank Rossii
Сбербанк России
Type Joint stock company (RTS:SBER
MICEX:SBER)
Founded (1841)
Headquarters Russia Moscow, Russia
Key people Sergey Mikhaylovich Ignatev (Chairman)
German Gref President and CEO)
Industry Banking
Products Financial Services
Revenue US$ 20.7 billion (2008)
Net income US$ 4.16 billion (2008)
Total assets US$ 220.2 Billion (2008)
Owner(s) Russian Central Bank
Employees 251,000
Website www.sbrf.ru

Sberbank Rossii (RTS:SBER, MICEX: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.

Contents

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.

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.

Management

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

Key statistics

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

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)

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.

Subsidiaries

  • Sberbank Rossii (Kazakhstan) (former Texakabank)
    The headqurters of Sberbank, in Moscow.
  • Sberbank Rossii (Ukraine) (former NRB)
  • BPS-Bank (Belarus)[2]

See also

References

External links

Advertisements

Advertisements






Got something to say? Make a comment.
Your name
Your email address
Message