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Putin has instructed all state companies to furnish details about the ownership of every firm with which they do business. He has also told state auditors to investigate the biggest state-owned firms, including gas producer Gazprom, oil pipeline...
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“Out of all the BRICs, Russia is definitely our favorite pick,” said Vlad Signorelli, head of global research at Bretton Woods Research LLC. At Mirae, Morales likes Sberbank and Russian retail and is willing to deal with the wild and woolly aspect of...
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Deutsche Bank AG and France’s Societe Generale SA have announced plans to shed more than $1 trillion in assets, according to Bloomberg data. QNB, the Persian Gulf country’s largest lender, was the last serious buyer for Denizbank after earlier bidders...
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Sberbank's propensity to support is likely to be high, given the full ownership of VBI, the small relative size of its subsidiary and, hence, the cost of potential support and significant potential reputational risks from a subsidiary default. At the...
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Head of the body, Sergey Stepashin, said that the state’s losses can be reclaimed. “If there’s a need, it is possible to settle the issue in court and to attract independent financial auditing bodies.” The initiative
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Sberbank is aiming to claim a 5% market share in Hungary after becoming the 100% owner of Austria's Volksbank AG (VOW.XE) and its subsidiaries in central Europe, Sberbank director of strategy and development Valentin Mihov said. Sberbank concluded the...
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Gazprombank in roubles, dollars or euros was approved by Rosneft's board of directors, the company added. Russian corporate borrowers are now switching more to local banks to raise cash as tough conditions on external markets, affected by lingering...
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rubles ($226.3 billion) will be not enough to solve the city’s transport problems. ( Vedomosti ) Social policy promises Prime Minister Vladimir Putin is making during his election campaign will cost the budget at least 5.1 trillion rubles ($169.7 billion) for six years, according to an assessment by Sberbank’s macroeconomic research center. ( Vedomosti ) The United States is ready to exclude Iran from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which could turn out more harmful to the Islamic Republic than all the previous economic sanctions against it. ( Rossiiskaya
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The first place in the magazine’s ranking went to the world-famous computer giant Apple Inc. According to the magazine’s estimates, $ 100, invested into Sberbank 10 years ago, would now be worth about $ 3,722. The corresponding figure for Apple is $...
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What’s most interesting is that of the top 10 large caps that returned the most bang for a buck, 60% of them were in Brazil, Russia and China. The No. 2 spot after Apple belongs to Russia’s Sberbank. A thousand dollars invested in Sberbank equity in...
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Ukraine wants to raise 13.67 billion hryvnia ($1.7 billion) abroad this quarter, 12.15 billion of which would come in March, the ministry said Feb. 9. It picked JP Morgan Chase & Co. , Morgan Stanley (MS) and Russian investment banks VTB Capital and...
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We kick ourselves for not buying Apple shares ten years ago, when they were $12.50 each. On February 13th they rose above $500. So $100 invested in Apple in February 2002, around the time it unveiled its redesigned iMac, would be worth almost $4,000...
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A hundred dollars invested in Apple in February 2002, around the time it unveiled its redesigned iMac, would have swelled to $3,900 today. The same investment in Sberbank, would now be worth more than $3,700, The Economist said. U.S. oil giant...
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Putin has instructed all state companies to furnish details about the ownership of every firm with which they do business. He has also told state auditors to investigate the biggest state-owned firms, including gas producer Gazprom, oil pipeline...
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Gref, President of the Sberbank of Russia. (RIA Novosti / Vitaliy Belousov) Sberbank has closed the purchase of Austria's Volksbank International (VBI), which is expected to become a platform for the Russian bank’s international expansion. Sberbank's...
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...has been found that voters were bused around to various polling stations to repeatedly vote for the ruling United Russia party in December elections (Nezavisimaya Gazeta) ECONOMY & BUSINESS President of the World Bank Robert Zoellick has announced that he...
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Excluding VB Romania, VBI has 295 branches and over 600,000 clients. VBI’s subsidiaries are within the top 10 financial institutions by total assets in Bosnia and Herzegovina, Croatia, the Czech Republic, and Slovakia, and within the top 15 financial...
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Sberbank is taking over 2.1 billion euros of funding for VBI, while Oesterreichische Volksbanken will provide a five-year loan of 500 million euros to Sberbank, according to the statement. Volksbanken owned 51 percent of VBI, DZ and WGZ owned 24.5...
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Sberbank didn’t specify how much capital was injected into VBI. “Sberbank will build a strong platform for both organic and inorganic growth” with VBI, Sberbank Chief Executive Officer German Gref said in the statement. “Given its means to provide...
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"As regards our presence in these countries, I've already declared our interest. However, we are in no hurry," Gref said at a press conference on Sberbank's purchase of Volksbank International AG, the eastern European arm of Austrian bank...
About Sberbank
Wikipedia
Sberbank (MICEX:SBER RTS:SBER) (Russian: Сбербанк, a contraction of "сберегательный банк"; English: "Savings Bank of the Russian Federation") is the largest bank in Russia and Eastern Europe. Its headquarters are in Moscow and its history goes back to Cancrin's financial reform of 1841. Full Article
Related Photos
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Former Russia's finance minister Alexei Kudrin (R) and Sberbank chief executive German Gref (L) attend an investment forum on Russia's economic development to 2018 hosted by Russian investment bank Troika Dialog in Moscow, on February 2, 2012.
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Former Russian Finance Minister Alexei Kudrin (R) and Chairman of the Management Board and CEO of Sberbank Herman Gref speak during The Russia Forum 2012 in Moscow February 2, 2012. Russian and international financial leaders meet at the economic and business forum from January 31 till...
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Chairman of the Management Board and CEO of Sberbank Herman Gref (front) takes part in The Russia Forum 2012 in Moscow February 2, 2012. Russian and international financial leaders meet at the economic and business forum from January 31 till February 4.
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Russia's President Dmitry Medvedev (R) and Sberbank Management Board Chairman and CEO Herman Gref attend a meeting of Advisory Board on developing the International Financial Center in Russia at the Sberbank head office in Moscow, October 28, 2011.
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Russia's President Dmitry Medvedev (2nd L, front), accompanied by Sberbank Chief Executive German Gref (L), visits a spingboard complex construction site at Krasnaya Polyana built for the 2014 Winter Olympic Games in Sochi August 23, 2011.
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A man passes by the Sberbank headquarters in Moscow July 15, 2011.
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People walk outside the Sberbank headquarters in Moscow July 15, 2011.
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Sberbank Chief Executive German Gref attends a news conference in Moscow July 15, 2011.
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PUSHKIN, RUSSIA - JUNE 18: CEO of Sberbank German Gref (L) and President of Mercury Group Igor Kesaev attend the Montblanc New Voices Award 2011 - Montblanc at Mariinsky Ball at Catherine Palace on June 18, 2011 in Pushkin, Russia.
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Sberbank President German Gref listens at a meeting with members of the International Consulting Council on the Establishment and Development of the International Financial Centre in the Russian Federation during the St. Petersburg International Economic forum in St.Petersburg June 18, 2011...
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Russia's Finance Minister Alexei Kudrin (R) and Sberbank President German Gref greet each other at a meeting with members of the International Consulting Council on the Establishment and Development of the International Financial Centre in the Russian Federation during the St. Petersburg...
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AP Photo
Herman Gref, CEO of Russia's Sberbank, front, and Russian Finance Minister Alexei Kudrin hug at the economic forum in St. Petersburg, Russia, Saturday, June 18, 2011. St. Petersburg, Russia's second-largest city, is hosting a major international economic forum.
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RUSSIA - JUNE 16: Herman Gref, President and Chairman of the Sberbank of Russia, attends the St. Petersburg International Economic Forum (SPIEF) on June 16, 2011 in St. Petersburg, Russia. Global business leaders have gathered in Russia for the three-day conference starting today.
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The Sberbank stand is seen during the St. Petersburg International Economic Forum, June 16, 2011.
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CEO of Russian Sberbank Herman Gref attends a plenary session of the World Economic Forum in Vienna June 8, 2011. The World Economic Forum on Europe and central Asia takes place from June 8 to 9, 2011 in Vienna.
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Russian Prime Minister Vladimir Putin (R) prepares to make a speech at an international finance conference marking the 170th anniversary of Sberbank, Russia's largest bank, in Moscow November 12, 2011.
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Russian Prime Minister Vladimir Putin (C) attends a meeting devoted to the 170th anniversary of Russian Sberbank bank in Moscow on November 12, 2011.
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Performers dance during a ceremony to open a Sberbank branch office in Russia's southern city of Stavropol May 17, 2011.
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Russia's President Dmitry Medvedev speaks during a meeting of Advisory Board on developing the International Financial Center in Russia at the Sberbank head office in Moscow, October 28, 2011.
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AP Photo
Chairman of the Board of Russian state-controlled Sberbank German Gref, left, speaks as Russian President Dmitry Medvedev listens during a meeting on developing the International Financial Center in Russia at the Sberbank headquarters in Moscow, Friday, Oct. 28, 2011.
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Reuters Pictures
A bank employee holds a 500 gram high purity 999.9 hallmark gold ingot before selling it to a client at a Sberbank office in Russia's Siberian city of Krasnoyarsk August 12, 2011. Gold prices fell on Friday, extending the previous session's retreat from record highs as fresh strength in...
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Reuters Pictures
A client holds a 500 gram high purity 99.99 hallmark gold ingot after buying it at a Sberbank office in Russia's Siberian city of Krasnoyarsk August 12, 2011. Gold prices fell on Friday, extending the previous session's retreat from record highs as fresh strength in equity markets and...
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Reuters Pictures
A man walks beneath a board showing exchange rates and rates for gold and silver outside a branch of state owned bank Sberbank in the southern Russian city of Krasnodar bank August 10, 2011.
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A monument to Nikolai Cristofari, the first depositor of the first Russian savings bank, is seen outside the Sberbank headquarters in Moscow July 15, 2011.
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AP Photo
Russian President Dmitry Medvedev, right, speaks with Herman Gref, left, CEO of Russia's Sberbank and Moscow's mayor Sergei Sobyanin during a breakfast at the economic forum in St. Petersburg, Russia, Saturday, June 18, 2011. St. Petersburg, Russia's second-largest city, is hosting a...
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Getty Images
Former Russia's finance minister Alexei Kudrin (R) and Sberbank chief executive German Gref (L) attend an investment forum on Russia's economic development to 2018 hosted by Russian investment bank Troika Dialog in Moscow, on February 2, 2012.
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