Sberbank

Sberbank today is the largest credit institution in Russia and the CIS, accounting for 27% of Russian banking assets and 26% of banking capital. According to the magazine The Banker, Sberbank was ranked number 43 in the world in terms of Tier 1 capital as of July 1, 2010. As of November 1, 2010, Sberbank accounted for 48% of retail deposits, 32% of consumer loans and 31% of corporate loans in Russia.

The bank approved new strategy in October 2008, which is slated until 2014, and focuses on developing Sberbank’s potential, competitiveness, risk management, cost optimization and higher efficiency.
Sberbank has wide countrywide branch network with 18 regional head offices and more than 19 thousand retail outlets. Sberbank also operates subsidiary banks in Kazakhstan and Ukraine and is contemplating Belarus, targeting a 5% share of these markets. Under the new strategy, the bank plans to build a foothold in China and India and generate about 5% of its net income outside Russia by 2014.

The Central Bank of Russia owns 57% of the bank’s capital (60% of common shares). Under the approved privatization programme for 2011-2013 the Central Bank will decline its stake to controlling in the next three years.