Sberbank of Russia - Russian commercial bank, one of the largest banks in Russia and Europe. Controlled by the state.
Sberbank of Russia - a universal bank offering a wide range of banking services. The share of Sberbank of Russia in the market of retail deposits as of 1 June 2009 was 50.5%, and its loan portfolio corresponded to more than 30% of all outstanding loans in the country.
Brand Savings Bank in early 2010 according to the magazine «The Banker» and the company Brand Finance ranked 15th in the ranking of most expensive banking brands and is worth about $ 11.7 billion.
Type - Open Joint Stock Company
Year of construction - 1841
Location - Moscow, Russia
Assets - 18.035 trillion rubles. (2014)
Number of employees - 232 196 (2012)
Central office of Sberbank of Russia in Moscow
In the days of the Soviet Union from 1922 to 1987 was a system of state labor savings banks of the USSR, are subject since 1922 to 1963, the Ministry of Finance of the USSR, and in 1963 the State Bank of the USSR. In 1987, as part of banking reform in the Soviet system of state labor savings banks was reorganized and formed the Bank of labor savings and lending USSR (Savings Bank of the USSR). Resolution of the Supreme Soviet of the RSFSR of 13 July 1990, the Russian Republic Bank of Sberbank of the USSR was declared the property of the RSFSR.
In 1989, the Savings Bank was the first bank-member of the Visa payment system in the USSR.
March 22, 1991 was the establishment of the Savings Bank of the Russian Federation (Sberbank of Russia) at a general meeting of shareholders in accordance with the RSFSR Law "On Banks and Banking Activity in the RSFSR" dated December 2, 1990.
January 1, 1992 Savings Bank of the USSR ceased to exist.
January 1, 2001 in Sberbank of Russia reorganized, which resulted in 79 regional banks of Sberbank of Russia reorganized into 17 territorial, by association.
June 4, 2010 decision of the shareholders of the bank's full official name of the bank was reduced to "Sberbank of Russia". July 29, 2010 the Bank of Russia agreed edition of the charter with a new name.
In September 2010, the name of the bank was changed to Open Joint Stock Company "Sberbank of Russia" (abbreviated OJSC "Sberbank of Russia"). English company name was changed to Sberbank of Russia (abbreviated Sberbank).
In June 2011, it was announced the creation of the Savings Bank and French bank BNP Paribas joint bank, which is working under the brand name Cetelem, will be engaged in retail lending in stores.
Mergers and Acquisitions
March 11, 2011 it became known that Sberbank buys 100% of the Russian investment company "Troika Dialog" for the sum of $ 1 billion.
December 28, 2011, Sberbank and Cetelem (consumer finance division of the group BNP Paribas) have entered into a binding agreement to establish a joint bank lending market in retail outlets in Russia.
In 2011, the bank's management announced the start of expansion in the markets of Eastern Europe and Turkey. During the year, the Savings Bank has made a number of acquisitions in these areas:
In July 2011 it was announced the acquisition of the bank Volksbanken International (VBI) - East European division of the Austrian banking group Volksbanken AG (at the same time it became known that this bank was one of eight European banks that failed the stress test of the European banking management). The final agreement on the deal, which was scheduled to be completed by the end of the year and is estimated at between $ 585 € to 645 € million, was signed in September 2011.
In December 2011, the Savings Bank informed purchasing specializes in private banking services subsidiary bank of "Lukoil" in Switzerland - SLB. The cost of the purchase amounted to $ 80,620,000.
In June 2012, Sberbank announced its largest overseas purchase - reaching agreement on the acquisition of Turkish business Franco-Belgian group Dexia, the bank Denizbank. It is assumed that Dexia, sell their assets due to losses incurred in Greece, concede 100 percent control in Denizbank for $ 3.47 billion (1.38 bank's equity).
Owners and management
The share of the Central Bank of the Russian Federation in the authorized capital of OJSC "Sberbank of Russia" is 50% plus one voting share in voting shares - 52.32%. The other shareholders of Sberbank of Russia are more than 273 thousand individuals and legal entities. The proportion of individuals in the bank's share capital amounts to about 9%, while the share of foreign investors - more than 24%.
C 1996 trading in shares of Sberbank of Russia held on the Russian MICEX and RTS. In March 2007, the Bank placed additional issue of ordinary shares, bringing the share capital increased by 12%, and was attracted 230.2 billion rubles. The average daily trading volume of Sberbank is 40% of the volume of trading on MICEX.
The governing bodies of the Savings Bank are: General Shareholders' Meeting, the Supervisory Board, the Management Board of the Bank. The Board is headed by President and Chairman of the Board.
Bank's branch network on April 1, 2011 includes 17 regional banks and 19,292 units throughout Russia. Subsidiary Bank Sberbank of Russia are working in Kazakhstan, Ukraine, Belarus, Germany. In June 2010, the Savings Bank received permission to China Banking Regulatory Commission to open a representative office in Beijing, and in September 2010, the Bank of Russia registered the branch of OJSC "Sberbank of Russia" in India.
The bank has a subsidiary investment company "Sberbank Capital", dedicated to sanitation and management laid down in the bank assets.
From 1993 to 2010, the Savings Bank was involved in the development of the Russian payment system SBERCARD. Since 2010, the Bank has been involved in the creation of universal electronic card, being one of the founders of the project operator of "UEC".
February 3, 2012, Sberbank announced that creates a venture capital fund based venture capital division of "Troika Dialog" - "Troika Ventures" with a strategy of investing in high-tech companies and projects, the initial investment will amount to $ 100 million.