Meeting O. Tsvigun with management of Sberbank

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On September, 04th in Moscow at the central office of Sberbank there has passed a meeting of the Chairman of Board of Directors of LLC "IMPEXTRADE" O.Tsvigun and the Vice-President of Board of Joint-stock commercial Sberbank S.Gorkov.

O.Tsvigun has told about current activity of LLC "IMPEXTRADE" development, first of all in a direction of export to Turkish Republic, and also about Company activity in Russian-Turkish Business Council. From his part S.Gorkov has told about expansion of the international presence of Sberbank in the markets of the Eastern Europe, Turkey, Kazakhstan.

according to the data of IMPEXTRADE.

 

Sberbank today is the largest credit institution in Russia and CIS, accounting for 26,8% of the aggregate Russian banking assets and 29,1% of banking capital. According to Global Finance magazine research, Sberbank took 9th place in the rating of the most reliable banks in Central and Eastern Europe in 2011 and came 74th in the rating of most expensive global brands published by Millward Brown Optimor in 2012. Sberbank's brand is worth USD10.65 bn. making it the most expensive Russian brand.
Established in 1841, Sberbank has grown into a universal commercial bank with diversified businesses. Sberbank is the biggest taker of deposits in the country and the key lender to the national economy. As of January 01, 2011, Sberbank accounted for 47,9% of retail deposits, 31% of consumer loans and 31% of corporate loans in Russia.

Sberbank has the largest countrywide branch network with 17 regional head offices and about 19 000 retail outlets. Under its Development Strategy, the Bank plans to generate about 5-7% of net income outside Russia by 2014. Sberbank operates subsidiary banks in Kazakhstan and Ukraine and Belarus, has a representative office in Germany and China, and a branch in India. At the end of 2011 Sberbank closed a transaction to acquire SLB Commercial Bank AG renamed to Sberbank (Switzerland) AG. The year of 2012 opened up new horizons for Sberbank international development. In January the bank completed its merger with Troika Dialog, a major Russian investment company, which was further renamed to Sberbank CIB. In February, the bank acquired Volksbank International Group with branches in nine countries of Central and Eastern Europe. In August Sberbank established a joint bank on the lending market at points of sale with Cetelem (BNP Paribas Group). In September 2012 a final agreement on the acquisition of 99.85% of DenizBank by Sberbank was signed. It is the largest acquisition in its 170-year history that will allow the bank to accomplish a leading position in the fast-growing Turkish market.

Sberbank is closely engaged in international activities through direct settlement agreements, correspondent accounts with over 220 leading credit institutions of the world, trade finance operations and membership in a number of international financial organizations. Close business ties and universal recognition by foreign counterparties enable Sberbank to offer a wide spectrum of financial services to its clients involved in foreign activities, access funding markets abroad and keep up with the best international practices.

Sberbank's shares have been publicly traded on MICEX and RTS since 1996. In March 2007, the Bank increased shareholder capital by 12% through the SPO, raising 230.2 bln RUB in new capital. Sberbank's average daily turnover makes about 35% of total MICEX turnover.

As of April 16, 2010, CBR owned 60.3% of Sberbank's ordinary shares and 57.6% of its total share capital, being Sberbank's controlling shareholder. The remaining shares are held by more than 263,000 institutional and private investors. Non-resident ownership of about 32% suggests Sberbank's shares are a compelling investment.

Sberbank's solid business reputation is confirmed by its international ratings: BBB long term issuer default rating from Fitch Ratings and a long term foreign currency deposit rating of Baa1 from Moody's Investors Service. The Bank has the highest national scale rating of AAA.ru.

Approved in October 2008, the Development Strategy till 2014 is aimed at developing Sberbank's enormous potential and making it even more competitive. Prudent risk management, cost optimization and higher efficiency incentives will help Sberbank to weather the current financial turmoil, maintain leadership in the Russian financial system and become one of leading global financial institutions.

according to the data of http://www.sbrf.ru/perm/ru/about/today/