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Sberbank

Company

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PJSC Sberbank is the largest bank of the Russian Federation and the CIS.

Owners:
Ministry of Finance of the Russian Federation - 50%

Content

Revenue and Net Profit millions Thousand rub

Number of employees
2017 year
260000

Assets

Owners

+ Sberbank

Шаблон:Subject Sberbank

Governing bodies of Sberbank

  • General shareholder meeting — the supreme governing body of Sberbank of Russia. At general shareholder meeting decisions on the main issues of activity of bank among which there is a making changes and additions in the charter of bank or the adoption of the charter, liquidation of bank, election of members of the supervisory board of bank and early termination of their powers, election of the president, chairman of the board of bank and early termination of its powers, etc. are made.

  • The supervisory board of bank consists of 17 directors among whom there are 6 bank representatives of Russia, 2 representatives of the Government of the Russian Federation, 2 representatives of Sberbank of Russia and 7 independent directors. The following questions are within the competence of the supervisory board of bank: determination of priority activities of bank, convocation of general shareholder meetings and the approval of their agenda, the recommendation about the size of a share dividend, approval of large deals in the cases provided by the federal law, etc.

  • The bank board consists of 14 members. The president, the chairman of the board of bank heads bank board. Questions of the leadership in the current activity of bank, except for the questions referred to competence of general shareholder meeting and the supervisory board are within the competence of bank board.

Assets

For December, 2012 the number of retail clients of Sberbank exceeds 106 million people at the total number of the population of Russia in 143 million people. Corporate clients of Sberbank are 1.5 million organizations at the total number of the Russian companies of 4.3 million.

For January 1, 2011 assets of Sberbank were more than a quarter of a banking system of the country (27%), and the share in banking capital was at the level of 26%.

Territorial banks in Russia

Sberbank has a wide branch network: now it includes 17 territorial banks and about 20 thousand divisions through the whole country.

  • Baikal bank (Zabaykalsky Krai, Irkutsk region, Republic of Buryatia)
  • Volga-Vyatka bank (Nizhny Novgorod, Vladimir, Kirov regions, Republic of Mordovia, Republic of Mari El, Chuvash Republic, Republic of Tatarstan)
  • East Siberian bank (Krasnoyarsk Krai, Republic of Tyva, Republic of Khakassia)
  • Far East bank (Khabarovsk Krai, Primorsky Krai, Amur, Sakhalin regions, Jewish Autonomous Region)
  • West Siberian bank (Tyumen, Omsk regions, Khanty-Mansi Autonomous Okrug, Yamalo-Nenets Autonomous Area)
  • West Ural bank (Perm Krai, Komi Republic, Udmurt Republic)
  • Moscow bank (City of Moscow)
  • Volga region bank (Samara, Ulyanovsk, Orenburg, Saratov, Volgograd, Astrakhan, Penza regions)
  • Northern bank (Yaroslavl, Kostroma, Ivanovo, Vologda, Arkhangelsk regions, Nenets Autonomous Okrug)
  • Northeast bank (Magadan region, Kamchatka Krai, Chukotka Autonomous Okrug, Sakha Republic)
  • Northwest bank (city of St. Petersburg, Leningrad, Murmansk, Kaliningrad, Pskov, Novgorod regions, Republic of Karelia)
  • North Caucasian bank (Stavropol Krai, Republic of Ingushetia, Republic of North Ossetia-Alania, Kabardino-Balkar Republic, Republic of Dagestan, Karachay-Cherkess Republic, Republic of Kalmykia, Chechen Republic)
  • Siberian bank (Novosibirsk, Tomsk, Kemerovo regions, Altai Krai, Altai Republic)
  • Central Russian bank (Moscow, Tver, Kaluga, Bryansk, Smolensk, Tula, Ryazan regions)
  • Ural bank (Sverdlovsk, Chelyabinsk, Kurgan regions, Republic of Bashkortostan)
  • Central Chernozem bank (Voronezh, Oryol, Lipetsk, Kursk, Belgorod, Tambov regions)
  • Southwest bank (Rostov region, Krasnodar Krai, Republic of Adygea)

Foreign representations

JSC Sberbank of Russia expands the presence in international market, diversifying business growth sources. Expansion of Bank on foreign market began in 2006 when the bank in Kazakhstan was acquired.

In 2007 the bank came to Ukraine (see article Sberbank the Russian Federation (Ukraine), and in 2009 to Belarus (see article BPS-Sberbank).

Opening of representation in Germany (see article Sberbank the Russian Federation (Germany)), branch in India (see article Sberbank the Russian Federation (India)) and representations in China (see article Sberbank of the Russian Federation (China)) became the next stage.

At the end of 2011 Sberbank closed the deal on purchase of 99.15% of stocks of SLB Commercial Bank AG from structures of Lukoil company. He paid 75.3 million Swiss francs for this asset — it practically corresponds to the capital of the bought bank. The remained minority share of SLB — 0.85% — belongs to Vnesheconombank, follows from the reporting of Swiss Bank. SLB will be renamed into Sberbank the Russian Federation (Switzerland) and will be engaged in syndicated lending and trade financing.

Considering features of foreign markets, JSC Sberbank of Russia intends both to purchase new assets there, and to create banks, branches and representations and also non-bank financial companies. It is planned that by 2014 Sberbank will increase a share of the net profit got from the international activity to 5%.

Performance Indicators

2019: Net profit - 870.1 billion rubles

Sberbank reported on financial results for December and 2019.

In December, 2019 the bank earned net profit in the amount of 55.9 billion rubles. For the first time to clients in a month it is issued the credits more than for 2.5 trillion rub. The historic high is reached also in issue of the retail credits – more than 340 billion rubles, and in issue of corporate credits – 2.2 trillion rub. In December the transaction of securitization of mortgage loans for 24 billion rubles was also closed.

In a year the bank earned 870.1 billion rubles of net profit without events after a reporting date. The total volume of the credits issued in a year to clients was 16.3 trillion rub. The portfolio of the credits to individuals grew in a year by 17.4%. Growth of means of clients without currency revaluation in a year was 4.4%.

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The net profit of Sberbank for 2019 without events after a reporting date was 870.1 billion rubles. The bank showed steady growth of the loan portfolio in real terms by 6.8%. Means of individuals grew by 6.6%, at the same time their cost fell considerably. It gave substantial support to growth of a net interest income both in the 4th quarter, and in a year in general. Profitability of the capital of PJSC Sberbank at the end of 2019 made more than 20% that gives the grounds surely to look at accomplishment of the purposes of Strategy 2020, - the vice chairman of the board of Sberbank Alexander Morozov.[1]
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Company takeovers, asset sale and joint venture

Main article: Absorption, asset sale and JV Sberbank

Information systems and communication

Digital business

Main article: Digital business of Sberbank

In 2014 Sberbank opened division on development of digital business. Main objective of new division is business development of Sberbank in areas, new to it, on the basis of new technologies. It assumes investments into the third-party companies which are engaged in development to get access to their technologies.

Counteraction to swindlers and hackers

Main article: Sberbank (information security)

History

2020

Sberbank created the company for management of closed-end investment funds

On July 13, 2020 Sberbank announced creation of the specialized company for management of the closed-end investment funds (CEIF).  Before in group Sberbank Asset management" was engaged in it ". Read more here.

Sberbank reduces salaries to managers to save 82 billion rubles

On June 29, 2020 it became known of the solution of Sberbank to lower salaries to managers to save 82 billion rubles. The president and the chairman of the board of bank German Gref told about it in an interview of TASS.

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Because of sharp fall of income there was a difficult choice, whether to reduce personnel. We made the expense reduction program at first on 40 billion, then understood that it is not enough, and brought it to digit about 82 billion rubles — he reported.
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Sberbank in the period of a pandemic did not make reduction of employees, instead a set of the new frames was suspended

According to the head of Sberbank, the salaries of ordinary personnel remained the same, as well as awarding coefficients, however salaries at all management were reduced.

It was succeeded avoid reduction of employees, according to Gref's statement, financial institution due to suspension of set of the new personnel. The head of Sberbank noted that dismissals of employees were not, but acceptance of new employees had to be stopped temporarily.

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We did not begin to reduce personnel. However, closed annual planned set. If people left, it were natural losses. New employees were almost not taken, only in urgent cases. And only with my permission or board. So remains to this day. But, I repeat, we did not dismiss any person — he reported.
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Gref also concerned a subject of work of departments COVID-19 coronavirus pandemic period. Sberbank because of infection of employees with a new koronavirusny infection for all the time of a pandemic was forced to close temporarily more than 200 departments through the whole country.

In three days after the declaration in the country of non-working days Sberbank opened for  30%  of normal number. But departments did not cope with a flow of clients, and it was necessary to bring the number of employees to  90%,  Gref tells, having added that mass infections with flash among bank staff were not registered.[2]

Opening of specialized mini-office for entrepreneurs in the territory of an agrocluster Fud City

In Moscow the project of Sberbank and Kiyevskaya Square group within which in the territory of a capital agrocluster of FUD CITY the specialized division of bank on work with representatives of small business opened started . Sberbank reported about it on June 18, 2020.

Project objective – as much as possible to simplify receiving banking services by tenants of trade places. Besides, Sberbank is going to raise financial literacy of entrepreneurs, providing training in optimal products of bank and measures of support of business from the state.

Vyacheslav Tsybulnikov, the vice president of PJSC Sberbank – the chairman of the Moscow bank:

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Sberbank jointly with the partners – the large companies creates the most comfortable environment for capital entrepreneurs and for all Muscovites who daily use services of the enterprises of small and medium business. Our priority – to help economy of Moscow to be recovered in the shortest possible time and to provide with necessary jobs of inhabitants and guests of the capital.

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God Nisanov, chairman of the board of directors of Kiyevskaya Square Group:

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Creation of a modern business ecosystem on objects is an important task of Kiyevskaya Square group. We always try to create favorable conditions for our tenants. Opening of specialized mini-office of Sberbank in the territory of an agrocluster of FUD CITY is not only a question of convenience and opportunities, but also a powerful contribution to development of the small business which is directly affecting quality of life of citizens.
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After opening of office of Sberbank directly in the territory of an agrocluster the tenants needing additional financing can address for support the manager of bank at any time. For this purpose it is not necessary to go anywhere. Besides, on this platform the possibility of registration of legal entities, opening of checking accounts, connections of salary projects will be implemented. Also products of an ecosystem of Sberbank, including service of telemedicine from DocDoc company and service online of check of partners will be offered entrepreneurs.

To visitors of the market will also become much more comfortable, in process of implementation by entrepreneurs of remote payment methods. Along with classical acquiring, Sberbank suggests to organize payment using the QR code. It will allow sellers and buyers to exclude contacts with cash completely.

Creation of drug manufacturer

In the middle of May, 2020 it became known of creation of the new company by SberbankImmunotekhnologii LLC — with the authorized capital of 50 million rubles. It was headed by Dmitry Yefimov, the former CEO of Nizhpharm and the senior vice president of Stada CIS. Read more here.

The State Duma forgave to Sberbank the state credit of 150 billion rub

The Sberbank of Russia and Vnesheconombank state corporation will acquire the right not to return 500 billion rubles according to obligations to treasury of the Russian Federation. The State Duma approved the relevant law in the third and final reading at a plenary session in May, 2020. It is about the subordinated credit which the Central Bank issued to Sberbank in 2008, and a deposit which it placed in VEB. The amount of the first - 150 billion rubles, the second - 350.45 billion rubles.

The right to claim according to these obligations passed to the Government of the Russian Federation within the transaction on purchase from the Central Bank of a controlling stake of Sberbank. The law adopted by the State Duma permits state banks not to consider these means a debt and to include in structure of own means, i.e. the capital.

The law was initiated by group of deputies and members of the Federation Council headed by the chairman of the State Duma Financial Market Committee Anatoly Aksakov.

Its purpose - "give support to systemically important institutes", TASS quotes the explanatory note to the document. To Sberbank this regulation will facilitate accomplishment of standards "in the conditions of volatility in financial markets", and to VEB will allow to increase crediting for 3 trillion rubles, authors of the law reason.

In a case with Sberbank of 150 billion rubles of the supplementary capital give the chance to issue 1.5 trillion rubles of additional loans, Aksakov explained. "If to exclude this amount from the capital of Sberbank, for this amount he will not be able to issue the credits and to render other types of financial services to the clients", - the deputy added.

Start of a design of a mortgage at home

In the middle of April, 2020 Sberbank organized a design of a mortgage loan at home. The staff of Sberbank in masks comes to the client home for release of the strengthened electronic digital signature, signing of the credit documentation and sending documents for registration of transition of the property rights in electronic form. Other questions at the choice and registration of housing it will be possible to solve online on the website "Domklik". Read more here.

The Ministry of Finance redeemed 50% of shares of Sberbank from the Central Bank for 2.14 trillion rub

On April 9, 2020 the transaction on the redemption the Ministry of Finance of the Russian Federation at the Bank of Russia of a share block of Sberbank took place. The newspaper of Izvestia with reference to a source told about it. Transaction amount was 2.14 trillion rubles that is 300 billion less, than was initially planned. It is connected with the fact that papers of Sberbank strongly fell in price at the Moscow Exchange.

From the moment of the declaration of the transaction on February 11 stocks of state monopolist fell off for 20%.

In February the Ministry of Finance assumed to stretch the transaction on several tranches. But as a result the transaction is decided to be closed at once. Besides nobody can foretell how the situation within a year will develop — reported a source of Izvestia.

Acquisition of Sberbank is financed at the expense of means National welfare fund (NWF). It was supposed that the liquid fund exceeding a threshold in 7% will be allocated for purchase of shares of the State Bank GDP the head explained earlier Minfina Anton Siluanov.

The Central Bank owned in Sberbank a controlling stake in the amount of 50% plus one action of authorized capital that corresponds to 52.32% of ordinary shares. According to the results of biddings at the Moscow exchange on April 9, Sber's capitalization made 4.4 trillion rubles, i.e. the share of the Central Bank in the market cost about 2.3 trillion rubles.

The ex-head of the Ministry of Health  was engaged in development of medical products of Sberbank

On February 4, 2020 Sberbank was announced appointment by David Melika-Guseynova as the chief executive officer on the industry of health care and the director of the "Medical Products and Services" center. At this position he will be responsible for medical projects of the State Bank. Read more here.

2019

Sberbank asks clients to explain income from cryptocurrencies

In the middle of May, 2019 it became known of requirements of Sberbank to explain income which clients gain from cryptocurrencies. Read more here.

Offer on debt restructuring of Antipinsky of Refinery

On April 30, 2019 it became known that Sberbank managing capital asset of the New Stream group Antipinsky Refinery wants to convince other creditors of need of debt restructuring of Antipinsky of Refinery and selection of a dopfinansirovaniye. Otherwise to the plant which for the end of April, 2019 is almost stopped, bankruptcy threatens. Despite selection of a dopfinansirovaniye at the end of 2018, Sberbank did not manage to receive the sufficient volume of advance payments from traders for a full load of the plant raw materials. Besides, the fate of the plant will be affected by the result of negotiations with the Azerbaijani SOCAR which expressed intention to purchase it. Read more here.

The agreement with GE Healthcare on cooperation in the field of leasing of the medical equipment

On February 4, 2019 Sberbank, Sberbank Leasing and GE Healthcare signed the agreement on cooperation in the field of leasing of the medical equipment. As stated in the statement of Sberbank, the agreement purpose — to provide advantageous conditions of acquisition of the hi-tech medical equipment for the public and private treatment and prevention facilities that, as expected, will contribute to the development and upgrade of health care in Russia.

Sberbank, Sberbank Leasing and GE Healthcare signed the agreement on cooperation
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Development of a health care system — one of tasks, priority for our country, and Sberbank it is ready to participate in its solution. We are glad that the instruments of leasing offered by group Sberbank will help to update fund of the medical equipment intended for diagnostics and treatment of diseases, including cardiovascular and oncological.
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It is supposed that tripartite cooperation will help to raise performance indicators of health care systems of regions. Within cooperation GE Healthcare will be responsible for delivery of a wide line of the hi-tech diagnostic equipment and digital solutions and also its full service support — repair of the equipment and delivery of spare parts. Besides, programs of leasing will allow to propose to regions complete solutions on creation of the centers of examination for early diagnosis of oncological, cardiological and other socially important diseases, noted in Sberbank.

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Cooperation with GE Healthcare company, producer of the medical diagnostic equipment, will allow organizations to purchase the equipment on advantageous and comfortable conditions. Thanks to deliveries of the modern equipment and ensuring its smooth operation diagnostics, quality of medical services and rehabilitations will be improved, Vyacheslav Spirov, the CEO of JSC Sberbank Leasing is convinced.
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GE Healthcare implements many years complex projects in medical institutions of different level. Such projects require modern solutions in the field of medical technologies, flexible approach to service of technical base and big focus on training of medical personnel. Implementation of new financial instruments became one of new, inseparable elements for successful implementation of medical projects. We see huge potential in development of this direction and possibilities of cooperation with PJSC Sberbank and JSC Sberbank Leasing are glad. We are sure that this agreement will promote increase in availability of modern diagnostics and high-quality medical care for thousands of patients in all regions of the country — Nina Kandelaki, the president and the chief executive officer of GE Healthcare in Russia / CIS said in return.
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Creation of Laboratory of neurosciences and behavior of the person

Sberbank made the decision on creation of Laboratory of neurosciences and behavior of the person. As representatives of Sberbank reported TAdviser on February 11, 2019, the laboratory will be engaged in carrying out scientific research in the field of neurophysiology, social psychology and cognitive science and implementation of results of scientific developments in daily practice of the companies of Group Sberbank.

Sberbank created laboratory of neurosciences and behavior of the person under the leadership of Andrey Kurpatov. Photo: VC.ru

The newly created laboratory in two cities — St. Petersburg and Moscow will be based. And Andrey Kurpatov, the president of the Higher school of methodology, the famous scientist, the author more than one hundred scientific works, the creator of system behavioural psychotherapy and methodology of thinking is appointed her research supervisor.

As Lev Hasis specified, the First Deputy Chairman of the board of Sberbank, the main objective of laboratory is achievement of complete relevance of communications and products of an ecosystem of Sberbank to needs of the person.

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We want to create thanks to developments of laboratory emotional connection with everyone who adjoins to products of our ecosystem, and we regard this communication as a basis of our competitiveness. Andrey Kurpatov combines competences of the person from business and science, having experience of management of difficult media projects and big researches. We welcome it in a command of Sberbank and are sure that we will be able to construct scientific laboratory with essential practical effect for our business — Lev Hasis said.
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Loss of 10 positions in the rating of the most expensive brands

In January, 2019 the consulting company Brand Finance published the annual rating of the most expensive brands in the world. Sberbank lost 10 positions and was at the 139th place of rating (the bank took the 129th position in the 2018th) with brand assessment in $12.4 billion that is 6.3% more in comparison with 2018. It is the good result among the Russian companies. Read more here.

2018

More than 41% of money transfers in Russia are the share of Sberbank

According to data of the annual report of the Central Bank, the share of transfers through a payment system of Sberbank in the Russian market in 2018 made 41.2%.

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In a total amount of transfers in payment systems of 41.2% it was the share of the transfer made through socially important payment system Sberbank, said in the document of the Central Bank.[3]
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Growth of the portfolio of the credits to natural persons for 25.3% to 6.2 trillion rubles

On March 26, 2019 Sberbank reported results of work of the retail business in 2018, having shown steady growth in the main directions as a result of special attention to quality of client experience and improvement of digital channels of service.

The key operational and financial performance for 2018: steady growth in all directions of business

The number of active clients — individuals of Sberbank in 2018 grew by 8% (or by 6 million people), having closely reached a point in 93 million people. The portfolio of the credits showed to individuals based on 2018 growth by 25.3% year on year and exceeded 6.2 trillion rubles, at the same time the portfolio on a mortgage grew in a year by 25% and exceeded 3.6 trillion rubles. Portfolio growth on credit cards was 15% and reached 634 billion rubles, and portfolio growth of consumer loans was 30%, having reached 1.9 trillion rubles for the end of 2018.

The deposit portfolio of individuals at the end of 2018 grew by 7% and made 12.8 trillion rubles. The gain in a year on term deposits of individuals made 5%, and on current 15% equal.

The number of active users of digital channels of service of Sberbank (mobile application + web) at the end of 2018 grew to 60 million people that is 28% more, than in 2017. For March, 2019 two thirds of clients actively use an ecosystem of digital products and services Sberbank Online. The share of sales of products in digital channels in 2018 grew to 37%.

The key initiatives and events for 2018: digital channels win clients

2018 is mentioned by significant growth in use of mobile application and personal account Sberbank Online as the main channel of interaction of clients with Sberbank.

In October, 2018, following the strategy of digitalization of bank services and a gradual failure from plastic cards, Sberbank provided completely digital debit card which it is possible to issue and activate Online in Sberbank. Since launch clients issued more than 600 thousand digital maps.

At the end of year of sale of debit cards in Sberbank Online grew by 3 times — to 20% of all debit cards. Twice use of function of blocking of the card grew. In March, 2019 Sberbank provided service of change of the PIN code to Sberbank Online that, as expected, will also promote growth of use of a digital ecosystem of bank.

The procedure of receiving a consumer loan in the application and a personal account Sberbank Online in 2018 was improved, the number of necessary actions for receiving the credit and time of the reply of bank was considerably reduced. Every second client of Sberbank makes out a consumer loan in Sberbank Online that corresponds to 25 thousand requests daily.

The demand of payment of penalties of traffic police through Sberbank Online grew in 2018 twice. The service allows to obtain the main information on a penalty in the single interface and also to keep track of the status of its repayment.

In 2018 Sberbank began to advise clients through chats in Sberbank Online. For March, 2019 in this channel more than 1 million sessions a month are held. 20% of addresses through a chat are fulfilled automatically by means of chat-bots.

At the end of year of 63% of the multifunction centers of public services (MFC) of Moscow accept cashless payments through Sberbank, service is available in 12 regions of Russia.

For clients of bonus network of service Sberbank the First in 2018 is provided new digital service "Sberbank Assistant" which every fifth client uses today. The service offers full range of services and opportunities for wealthy clients and allows to give instructions to the personal manager in the most convenient and fast form.

Growth of net profit by 11.1% to 831.7 billion rubles

  • The net profit of Group was 831.7 billion rubles, having increased by 11.1% in comparison with 2017;
  • Profit on the ordinary share on the continuing activity was 38.13 rub, having shown growth by 15.4% in comparison with 2017;
  • Profitability kapitalai reached 23.1%, and return on assets – 3.2%;
  • Net commission income increased by 18.1% to 445.3 billion rubles in comparison with 2017;
  • The Group credits to a reserve deduction under impairment (including the credits estimated at the amortized and fair value) increased by 16.5% to 21.1 trillion rub. The retail credit portfolio grew by 25.0% to 6.8 trillion rub, and a corporate portfolio – for 12.9% to 14.3 trillion rub in a year.

Integration of the Corporate Business and Sberbank CIB blocks

Sberbank announced on August 22, 2018 the solution to integrate the blocks "Corporate Business" and Sberbank CIB working with corporate clients. Integration is going to be completed until the end of 2018. On expectations of bank, it will allow to create uniform technology, managerial and product platforms for work with clients, to gain considerable synergy effect for further optimization of work with clients of the corporate sector. Read more here.

Opening  of Trading floor largest in Europe

At the end of January, 2018 Sberbank announced opening  of Trading floor largest in Europe. It was located in the head building of credit institution.

Trading floor largest in Europe opened by Sberbank

Trading floor is a hall in which traders hold commercial transactions. Such platforms most often can be met at the exchanges. With the advent of electronic platforms many large Trading floor in the stock market began to disappear. In Trading Floor the traders and brokers surrounded to computers take and sell shares for different clients by phone or on the Internet. Such marketplaces can be found in the broker companies,  investment banks  and other organizations participating in trading. 

Trading floor largest in Europe opened by Sberbank

As reported in Sberbank, the area of new  Trading floor exceeded 4 thousand square meters, more than 400 jobs are created there and it is provided by one of the biggest LED screens in the world with such high resolution (a pixel step — 1.2 mm).

Trading floor largest in Europe opened by Sberbank

On the third floor of the head building of Sberbank divisions of sales, trading, structural products and the electronic markets are located. On the fourth floor there are investment banking, analytical management, management of business management and development.

Trading floor largest in Europe opened by Sberbank

In each workplace of the trader and sales the possibility of installation up to 8 personal computers and up to 12 monitors is provided. Trading is equipped with two LED screens located on atrium perimeter.

Trading floor largest in Europe opened by Sberbank
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Global markets were always one of the most hi-tech businesses, and Sberbank always set in it a trend — the vice president of Sberbank, the Head of Department of global markets of Sberbank CIB Andrey Shemetov says. — our new Trading floor — one of the most modern international venues that allows us to provide most quickly to our clients service of the highest level.
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2017

Growth of net profit by 38.2% to 748.7 billion rubles

  • The group of Sberbank increased net profit by 38.2% in comparison with 2016 to  748.7 billion rubles.
  • Profit on the ordinary share  was 34.58 rubles, having shown growth by 38.3%  in comparison with 2016.  Profitability of the capital  reached 24.2%, in comparison with 20.8% the previous year. Return on assets grew to 2.9%, in comparison with 2.1% in 2016.
  • Net commission income  increased by 12.9% of yoy to 394.2 billion rubles, generally due to transactions with bank cards.
  • The loan portfolio  of Group  to a reserve deduction under impairment grew by 6.6% in 2017 to 19.9 trillion rubles, including growth of the credits to individuals – for 13.6% to 5.7 trillion rubles, generally due to growth of the mortgage portfolio by 16.0% in a year.
  • The coefficient of sufficiency  of the basic capital of the 1st level  according to the standard Basel made III 11.4% at the end of year that on 120 basis points  (further – "bp")  above an indicator of 2016.

Sberbank closed about 700 departments

In 2017 Sberbank closed 704 departments of bank service. It is said in the report of bank on RAS for 2017. So, as of January 1, 2017 Sberbank had  15,016 departments of bank service, as of January 1, 2018 —  14,312 departments.

Net profit under RAS of 674 billion rubles (+30%)

In 2017 the net profit of Sberbank under RAS without events after a reporting date was 674 billion rubles, having increased by 30% in comparison with a similar indicator of 2016. Also for last year the bank issued the record volume of the credits.

Sberbank will begin to render services to MFC

Since 2019 Sberbank branches of Russia will begin to perform functions of the multifunction centers of state services (MFC), the vice president of bank Andrey Sharov said in September, 2017 at East economic forum. "The bank employee will perform functions of the employee of MFC. It means that you will be able to get the passport or the driver's license in bank, to register the apartment" — TASS quotes Sharov.

Sberbank seized 1.2 billion rubles from Ulmart.

At the beginning of July, 2017 Sberbank factoring (subsidiary of Sberbank) won in Arbitration court of Moscow the claim to the NAO Ulmart (one of structures of Ulmart online store) about debt collection for the amount of 780 million rubles, the Interfax agency reports. This amount includes the main debt on 706 million rubles and a penalty fee. Besides, earlier Arbitration court of Moscow satisfied other claim Sberbank factoring to the NAO Ulmart — on 440 million rubles. Thus, all Sberbank seized 1.2 billion rubles from Ulmart at the moment[4] In more detail about it it is possible to read here.

Sberbank will reduce 200 offices for legal persons

Sberbank in 2017 will reduce 200 offices for legal entities. After that in the market there will be 600 departments. The senior vice president of Sberbank Anatoly Popov reported about it.

"The network of our departments is reformed: if we had 2.5 thousand offices for legal persons three years ago, now them remained 800, this year we will reduce 200 more, but at the same time we leave a possibility of physical service at offices for natural persons in case something happens to Internet bank" — Popov told.

Process of reduction is connected with transition to digital channels of service of legal persons. The number of the clients using digital channels in 2016 grew up from 1.169 to 1.412 million legal persons.

2016: Growth of net profit by 2.4 times to 541.9 billion rubles

In 2016 Sberbank increased net profit according to IFRS by 2.4 times — to 541.9 billion rubles about 222.9 billion rubles the previous year.

2015

Strategy till 2018

"Our vision of Sberbank in 2018 is created on the basis of five principal directions of development or strategic subjects. We believe that focused work on these directions will result us in success, will allow to achieve all financial and qualitative purposes which we set before ourselves until the end of 2018", - it was said on the website of Sberbank in 2015.

These five directions the following (the quote from the website of bank):

  • with the client — for the rest of life: we will build very deep trusted relationships with our clients, we will become useful, sometimes an imperceptible and integral part of their life. Our purpose — to exceed expectations of our clients;

  • command and culture: we aim at that our staff and corporate culture of Sberbank became one of the main sources of our competitive advantage;

  • technology break: we will complete technology upgrade of Bank and we will learn to integrate all most modern technologies and innovations into our business;

  • financial effectiveness: we will increase financial return of our business thanks to more effective management of expenses and a ratio of risk and profitability;

  • mature organization: we will create organizational and management skills, we will create the processes corresponding to Group scale Sberbank and to our level of ambitions.

The board is updated

In 2015 joined the board of bank:

2014: Decrease in net profit by 19% to 290 billion rub

The net profit of Group for 2014 was 290.3 billion rubles, having decreased by 19.8% in comparison with net profit for 2013 in the amount of 362.0 billion rubles. Decrease in net profit for 2014 in comparison with 2013 is explained, mainly, by significant increase in expenses from creation of a reserve under impairment of the loan portfolio. For December 31, 2014 the total assets of Group reached 25,200.8 billion rubles, having shown growth by 38.4% in comparison with December 31, 2013.

2012: Gref expects profit increase

As the head of bank German Gref noted on November 22, 2012, in 2012 the profit of Sberbank will be more in comparison with an indicator of 2011. How many specifically is going to receive bank at the end of 2012, Gref did not specify.

For the first ten months 2012 Sberbank increased net profit under RAS (the Russian standards of accounting records) to 297 billion rubles. The previous year in January-October the similar indicator was 276 billion rubles[5].

In 2013 Sberbank expects to get net profit in the amount of $13 billion. It in November, 2012 was said by German Gref. At a current rate of the Central Bank (November, 2012) the volume of profit of Sberbank in 2013 can be about 405 billion rubles.

2011: The volume of deposits of citizens grew by 18%

In 2011 Sberbank got record net profit in the history - according to the IFRS standards (International Financial Reporting Standards) it reached 315.9 billion rubles.

The volume of deposits of citizens at Sberbank which received record 321.9 billion rubles of net profit at the end of 2011 grew by 18.1%, thus that the annual forecast of Deposit Insurance Agency for this indicator in general on a system — 22%. Actually a half of annual increment to Sberbank was provided by December receipts of budgetary funds and bonus payments and in order that these means in January did not flow away on deposits of other banks, measures[6] are already taken[6].

According to preliminary data for 2011, divisions of Sberbank and Troika Dialog on transactions in financial markets jointly gained income in the amount of more than 22 billion rubles from which about 8 billion rubles were the share of trade operations with securities, about 6 billion rubles – of conversion transactions and transactions with precious metals. The preliminary income gained in 2011 in the direction investment banking services was about 3.4 billion rubles.

2009

2009 became a starting point in large-scale deployment and implementation of "The development strategy of Sberbank till 2014". Assistance to society in problem solving, caused by a world financial crisis, and stabilization of their financial position became a parallel, but important task for bank.

2008: Strategy till 2014 is accepted

On October 21, 2008 the supervisory board of Sberbank of Russia unanimously approved the Development strategy of Sberbank till 2014.

Main directions of conversions:

  • The maximum customer focus and transformation of Sberbank into the "service" company on service of individual and corporate clients
  • Technology updating of Bank and "industrialization" of systems and processes
  • Significant increase in operational efficiency of Bank on the basis of the most modern technologies, methods of management, optimization and rationalization of activities for all directions due to implementation of the Production System of Sberbank developed based on Lean technologies
  • Development of transactions in international markets, first of all in the CIS countries

2001: Start of cooperation with Olympic committee

In 2001 cooperation of Sberbank and Olympic committee began. The main bank of the country supported the Russian athletes at the games in Salt Lake City (2002), Athens (2004) and Turin (2006).

1995: The Non-state pension fund of Sberbank is created

In 1995 the Non-state pension fund of Sberbank was created.

1993: The first ATMs

In 1993 in the Moscow Sberbank branches the first ATMs began to function.

Soviet period

The beginning of the 20th century was marked for Russia by rough and large-scale shocks: World War I, revolution, Civil war. However any of these events could not slow down active and sustainable development of Sberbank.

In the 1930th years labor savings banks developed the draft of the uniform savings book

In times, crisis for the country, Sberbank could save investments of the investors, having announced their inviolable. But it was not and without negative effects – the trade secret, actually, was abolished: the government issued the decree obliging savings banks to provide to state bodies information on the state of the account of any investor.

The new economic policy of Russia caused also serious changes in bank structure: savings banks began to make remittances, to issue own loan certificates, performed operations with percentage and securities.

The most important type of activity of Sberbank in 1941–1945 and the next years is cooperation with the state in the field of the nuclear and nuclear industry. The help of Sberbank in attraction of financial resources and financing of developments allowed to become Russia the leader in the field of production and nuclear fuel reprocessing.

Despite complexity of the first post-war years, beginning from 50th years, Sberbank continued the sustainable development. In 30 years the quantity of savings banks doubled (from 40 thousand to 79 thousand), the number of clients of bank increased by 12 times, and the amount of their deposits showed record subjects of growth, having increased by 100 times.

Sberbank actively participated in recovery of the country infrastructure destroyed by war – roads and routes of federal importance were newly constructed and repaired. Today Sberbank, saving traditions, continues to develop programs of road construction in Russia.

In 1987 within Perestroika reforms savings banks were reorganized into Savings Bank of the USSR – so the financial institution familiar to us received the world-famous name. In 1989 the first ATM of Sberbank began to work and the same year the bank became the member of the World institute of savings banks.

1991 was marked by the collapse of the USSR, but Sberbank saved the functions and remained the only bank on all former post-allied space which continued to work.

In 1991 general shareholder meeting founded Joint-stock Commercial Savings Bank of the Russian Federation.

1895: The number of cash desks reached 3,875

Blossoming of banking in Russia fell on 1865 - 1895. For this period the quantity of savings banks in all territory of the country increased from 47 to 3875, and the number of the issued savings books exceeded 2 million pieces.

Passbook of the 19th century

On June 1, 1895 became rotary date in the history of the Russian banking sector. This day the new Charter of savings banks which guaranteed everyone preserving of its trade secret was adopted. Besides there was also a variety in types of deposits: it was possible to open the savings account on the child or on burial.

1841: Nicholas I establishes savings banks

In 1841 the emperor of Russia Nicholas I the decree enjoined to found savings banks at the Moscow and St. Petersburg safe kazna – this year and marked emergence of Sberbank.

The outdoor adviser Nikolay Antonovich Kristofari became the very first client of the first bank of the country, it deposited the amount impressive for those times of 10 rubles to the account and became the owner of the savings book behind number 1.

Notes