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Sberbank of Russia

Sberbank of Russia

PJSC Sberbank is a state-owned Russian banking and financial services company headquartered in Moscow. The company was known as "Sberbank of Russia" until 2015 but is now called Sber.

OverviewStructured DataIssuesContributorsActivity

Contents

sberbank.ru
sberbank.com
sberbank.ru/en
Is a
Organization
Organization
Company
Company

Company attributes

Industry
‌
Banking in Russia
0
Bank
Bank
0
Finance
Finance
0
Banking
Banking
Financial services
Financial services
0
Payment
Payment
0
Location
Moscow
Moscow
B2X
B2C
B2C
0
B2B
B2B
CEO
Herman Gref
Herman Gref
Founder
Central Bank of Russia
Central Bank of Russia
Legal Name
Sberbank BH d.d.
Parent Organization
Central Bank of Russia
Central Bank of Russia
Government of Russia
Government of Russia
Russia
Russia
0
Subsidiary
SberMarket
SberMarket
DenizBank
DenizBank
2GIS
2GIS
‌
Troika Dialog
‌
Sberbank Srbija
YooMoney
YooMoney
‌
Sberbank CIB
Legal classification
Open joint-stock company
Open joint-stock company
Number of Employees (Ranges)
10,001+
Email Address
media@sberbank.ru
sberbank@sberbank.ru0
Number of Employees
281,000
Full Address
19 Vavilova Street, Moscow, 117997, Russia0
CIK Number
1,523,101
Investors
‌
Bank of Russia
Founded Date
1841
0
Fax Number
+749595757310
+749574737310
Competitors
Alfa-Bank
Alfa-Bank
Rosselkhozbank
Rosselkhozbank
Rosbank
Rosbank
Raiffeisenbank (Russia)
Raiffeisenbank (Russia)
Alfabank
Alfabank
Tinkoff Bank
Tinkoff Bank
VTB Group
VTB Group
Asian-Pacific Bank (Russia)
Asian-Pacific Bank (Russia)
Stock Symbol
MOEX:SBER
Exchange
Moscow Exchange
Moscow Exchange
Saint Petersburg Stock Exchange
Saint Petersburg Stock Exchange
Also Known As
Sberbank of Russia
Sber
Legal Entity Identifier
549300WE6TAF5EEWQS810
Country
Russia
Russia
Headquarters
Moscow
Moscow

Other attributes

Awards Received
Company Operating Status
Active
Strategic Partnerships
S7 TechLab
S7 TechLab
AgentApp
AgentApp
Robin RPA
Robin RPA
Contact Page URL
sberbank.ru/ru/person...all_center
Invested in
Kiavi
Kiavi
Heartex
Heartex
Rambler (portal)
Rambler (portal)
Owner of
‌
Troika Dialog
Sberbank Europe Group
Sberbank Europe Group
‌
SB Sberbank of Russia JSC
Volksbank
Volksbank
‌
Sberbank CIB
‌
Sberbank Srbija
Partner Organizations
Irkutsk Oil Company
Irkutsk Oil Company
Wikidata ID
Q205012

Sberbank is a Russian commercial bank providing services to both individual and corporate clients. The company's investment portfolio contains some lending to oil, natural gas, and mining projects. Sberbank is present in Central and Eastern Europe and has offices in Germany, China, and India. Sberbank CIB, the group's corporate and investment banking business, has offices in New York, London, and Nicosia, alongside global operations. It also specializes in brokerage and dealer services carried out in foreign markets.

Platform

The company's services for individual clients include credit cards, depositary cells, mortgages, online banking, deposits, money transfers, consumer loans, utility payments, mutual funds, and others. Its corporate product portfolio includes asset management, leasing, cash and settlement services, corporate loans, payroll projects, online banking, and others. Additionally, the company offers a wide range of services to financial institutions, such as correspondent accounts, custody services, and interbank lending, among others.

Interview with Sberbank CEO

History

The savings division of the Soviet central bank was succeeded by Sberbank. The bank traces back to an array of private savings institutions made by tsarist decree in 1841. In 1991, Sberbank was privatized. Still, the bank retains its close ties to the central government. The Central Bank of Russia holds about two-thirds of its shares, and Sberbank benefits from a governmental guarantee on deposits.

In the economic break of the 1990s, Sberbank was among the main choices for Russian private savers as a result of its presence and security, despite its sometimes inflation disregrading interest rates. Sberbank has been changing to a universal commercial bank and is a major source of finance for large, Russian oil and natural resource companies. The bank also began providing savings, investment, and lending services.

Name change

In 2020, Sberbank redesigned its logo and changed its name to Sber. In a statement about the rebranding that was announced during an online conference on the 24th of September called SberConf, Sber was slated to be a brand for the different services offered by Sberbank’s ecosystem. The services include robotics, healthcare, food delivery, and real estate deals. Lev Khasis, the deputy chief executive said that they expected their non-financial services to offer about 20-30 percent of the bank’s income.

The bank's chief technology officer, David Rafalovsky, tells Reuters:

“It’s a huge investment, not a big investment. We’ve always had a chip on our shoulder, we believe we are a technology company with a banking license.”

Alongside the brand revamp, the group launched different digital services, including the following:

  • SberBox: A TV streaming device with a retail price of RUB 2,990 ($30)
  • SberPortal: A smart speaker possessing six mics, and a screen providing gesture and voice recognition
  • Salute: A collection of virtual assistants ranging from “cultured Sber, cheerful Joy and pedantic Athena".

Sberbank built the products into its applications as well. SberPrime refers to a basic subscription service that cost RUB 199 ($2.57) monthly. The bank also launched a SmartMarket allowing businesses and entrepreneurs to develop their own applications and work alongside Sber through a revenue-share model.

Sanctions

On April 6, 2022, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) set plans in motion to degrade the Russian Federation's economy as a response to Russia’s war against Ukraine and violence against Ukrainian citizens. The Treasury imposed complete blocking sanctions on Sberbank, which is considered Russia’s biggest state-owned bank, and on Alfa-Bank, Russia’s biggest private bank.

The treasury also targeted the family members of Russia's President Vladimir Putin and Foreign Minster Sergey Lavrov, including Russian Security Council members seen to be complicit in the violence against Ukraine. Additionally, the US President issued an Executive Order banning new investment in the Russian Federation, as well as the provision of certain services to individuals in the Russian Federation by United States citizens regardless of location.

Secretary of the Treasury Janet L. Yellen said:

“Russia’s military forces have committed heinous atrocities in Ukraine and the global community must hold them to account. Today we are taking additional steps to cut off Russia from international markets in response to Putin’s continued brutality. This serious action, including fully blocking Russia’s largest bank and banning new investment in Russia, will further restrict Putin’s ability to fund and supply his war.”

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Deep Dive: ESG transformation in Sber

https://www.sberbank.com/common/img/uploaded/redirected/com/esgdeepdive_en/files/esgdeepdive_en.pdf

Investor day 2021

https://www.sberbank.com/common/img/uploaded/redirected/com/investorday2021_en/files/EN_investorday2021.pdf

Russia's Sberbank launches mobile money transfers to China

Reuters

https://finance.yahoo.com/news/russias-sberbank-launches-mobile-money-151811489.html

Web

February 1, 2022

References

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