Sberbank Abroad

Aktivs

• Sberbank Kazakhstan
• Sberbank Europe (formerly Volksbank AG)

2023: Sberbank sets up major IT unit in India

The Sberbank branch in India has received permission from the Reserve Bank of India to set up an IT unit in Bengaluru. Representatives of Sberbank reported this to TAdviser on July 20, 2023. The IT office will also house its own Data Processing Center (DPC) of the bank. Read more here.

2022

"Sberbank" closes the unit in the UAE due to "serious restrictions"

At the end of December 2022, Sberbank announced the upcoming closure of its office in the UAE. We are talking about the company Sberinvest Middle East Limited, registered in Abu Dhabi. Read more here.

Selling a bank in Switzerland for less than $500 million

After the start of Russia's special operation in Ukraine and 5 months after the imposition of blocking sanctions by the United States and its allies, Sberbank managed to sell its subsidiary in Switzerland - Sberbank Switzerland, which finances the trade in raw materials, including grain, and works with giants such as Glencore, Trafigura and Vitol. Read more here.

Sberbank CZ declared bankrupt due to debts of €1.7 billion

On August 26, 2022, the Prague City Court declared bankrupt the Czech subsidiary of Sberbank - Sberbank CZ (Sberbank - Czech Republic) - due to its insolvency. According to the court order, the credit institution is not able to fulfill financial obligations to creditors and decided to sell all its property of the debtor to fulfill obligations. Read more here.

2021: Sberbank Europe sells subsidiaries in several countries

Main article: Sberbank Europe (formerly Volksbank AG)

2020: Opening an office in the UAE

On August 17, 2020, Sberbank announced the opening of a representative office in the UAE. Documents for registration of the office in Aub Dhabi have been submitted, in the near future the authorized body will provide a decision on this issue, Anatoly Popov, deputy chairman of the bank's board, told reporters.

According to him, the new office will be engaged in supporting the investment business and implementing projects of Sberbank clients in the direction of Islamic financing, collaborating with funds, banks and companies in the Middle East.

Sberbank opens an office in Abu Dhabi

The launch of Sberbank's office in the UAE is expected by the end of 2020.

In May 2020, Bloomberg reported that Sberbank had agreed on a joint private equity fund with the Emirati fund Mubadala. According to the publication, the joint fund will be focused on investments in large and medium-sized Russian business.

The Mubadala Investment Fund was established and controlled by the Abu Dhabi government. The fund's strategy is based on long-term partnerships and large-scale investments, which bring not only profits, but also social benefits for the people of the emirate of Abu Dhabi, and also contribute to the growth and diversification of the region's economy. The fund's investments are carried out in a wide range, including the aerospace sector, semiconductors, mining and metallurgical and oil and gas industries, renewable energy sources, IT, health care, real estate and infrastructure, and the services sector. The directions of the proposed cooperation between Mubadala and Sberbank by August 17, 2020 were not disclosed.

In May 2020, the first deputy chairman of the board of Sberbank, Alexander Vedyakhin, in a conversation with RIA Novosti , already mentioned plans to open an office in the UAE and said that the start of its work will largely depend on the situation with the coronavirus. At that time, the bank formed a business plan and budget for the implementation of the project.^[1]

2011: Purchase of SLB Commercial Bank in Switzerland from Lukoil

Main article: Sberbank Switzerland

At the end of 2011, Sberbank completed the purchase of a 99.15% stake in SLB Commercial Bank AG from Lukoil. For this asset, he paid 75.3 million Swiss francs - this practically corresponds to the capital of the bank being bought. The remaining minority share of SLB - 0.85% - belongs to Vnesheconombank, follows from the statements of the Swiss bank. SLB will be renamed Sberbank of the Russian Federation (Switzerland) and will be engaged in syndicated lending and trade financing.

Taking into account the peculiarities of foreign markets, Sberbank of Russia intends to both acquire new assets there and create banks, branches and representative offices, as well as non-bank financial companies. It is planned that by 2014 Sberbank will increase the share of net profit received from international activities to 5%.

2007: Entry into Ukrainian and other foreign markets

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

The next stage was the opening of a representative office in Germany (see the article Sberbank of the Russian Federation (Germany)), a branch in India (see the article Sberbank of the Russian Federation (India)) and a representative office in China ( see the article Sberbank of the Russian Federation (China)).

2006: The beginning of expansion abroad

Sberbank of Russia is expanding its presence in the international market, diversifying its sources of business growth. The Bank's expansion into the foreign market began in 2006, when the bank was acquired in Kazakhstan.