International Reserve Bank (MR Bank)

2022: Seizure of bank assets in favor of Ukraine

In May 2022, the Ukrainian authorities decided to forcibly seize the assets of Sberbank and ВЭБ.РФ in the country.

The Cabinet of Ministers of Ukraine approved a document according to which all Russian assets in the country are transferred to the state.

2021: New name - International Reserve Bank

As it became known on November 1, 2021, Sberbank renamed the Ukrainian "daughter" to the International Reserve Bank (MR Bank) after the Supreme Court of Ukraine finally banned the Sberbank trademark in the country from the credit institution.

Interfax notes that Sberbank of Russia in the third quarter of 2021 classified the assets of a subsidiary bank in Ukraine as blocked due to legislative restrictions that do not allow them to be fully disposed of. As a result, the parent bank created reserves for these assets for 33.3 billion rubles.

Sberbank renamed the Ukrainian "daughter"

Ukrainian Sberbank back in 2018-2019. filed applications with Ukrpatent to register the names of the International Reserve Bank (MRB) in Ukrainian, Russian and English, as well as related trademarks.

Earlier, Sberbank of the Russian Federation considered various options for the development of events in relation to the Ukrainian subsidiary bank, including not excluding a decision on it until the beginning of 2022. As German Gref, President and Chairman of the Board of Sberbank, told reporters in mid-September 2021, at that time there was no obvious decision.

We have a court decision regarding the non-use of our brand, and now we are engaged in renaming our Ukrainian "daughter," but there, on July 1, new sanctions came into force, which formally make the sale process extremely difficult for us and add, of course, uncertainty to the fate of our Ukrainian assets, "Gref said then.

The Ukrainian market is already operating, the stateOschadbank name of which is translated into Russian as "Sberbank."

According to the National Bank of Ukraine, as of September 1, 2021, Sberbank ranked 10th in terms of total assets (UAH 61.88 billion) among 72 banks operating in Ukraine.^[1]

On December 9, 2021, an updated version of the bank's charter was registered. The name of the institution was officially changed from Sberbank JSC to International Reserve Bank JSC, in English - International Reserve Bank, or IR Bank.^[2]

2020: The Supreme Court of Ukraine approved Oschadbank as the owner of the Sberbank brand in the country

On November 27, 2020, Ukrainian Oschadbank won a court with Sberbank for the trademark of a Russian credit institution. The trial lasted four years. More details here.

2017: Said Gutseriev buys the bank through Belarusian and Latvian banks

The blocking of the bank's offices To Ukraine by bandits in March 2017 forced the largest bank of Russia PJSC "" Sberbank to sell 100% of the shares of the Ukrainian subsidiary.

The buyer was a consortium of banks, which included the Latvian bank Norvik Bank and a Belarusian private company. In fact, Said Gutseriev, the son of Mikhail Gutseriev, became the majority shareholder. It is he who owns the Belarusian company participating in the transaction. Note that Said is a British citizen.

PJSC Sberbank (Ukraine) has the necessary means to fulfill obligations to private and corporate clients. We hope that the decision to sell our subsidiary bank will help unlock its offices and resume normal work, which will allow bank customers to continue to freely use the services of one of the most stable and efficient banks in Ukraine and create the basis for its further development, "the bank said in a press release

The transaction must be closed before the beginning of the second half of 2017, after receiving approvals of the transaction by the financial and antitrust regulators of the relevant jurisdictions. The transaction amount is not disclosed.

The bank's press release notes that the accelerated sale of the bank will not affect the reporting on, IFRS but will lead to a fixed loss on investments in the capital of a subsidiary bank, which will be reflected in RAS reporting.

2011: 19th place in assets in Ukraine

For 2011, Sberbank of Russia JSC is a 100% subsidiary bank of the Savings Bank of the Russian Federation. Provides a full range of banking services to all customer categories.

It occupies the 19th place in terms of assets and is part of the group of large by classification NBU.

Assets of the Bank as of 01.08.2011 - 12.6 billion UAH. Market share by net assets as of 01.08.2011 - 1.2%. The bank shows a high rate of growth of the customer base. In the first half of 2011, the number of private clients increased by 70%, corporate clients - by 28%. The network of regional offices as of 8 August 2011 has 110 offices.

• Yushko Igor Olegovich, Chairman of the Board

2007: Sberbank buys NRB-Ukraine Bank

In 2007, Sberbank of Russia OJSC (RF) acquired a 100% stake in NRB-Ukraine Bank.

Notes