Sberbank, JSC

Sberbank today is the largest credit institution in Russia and CIS, accounting for 27% of the aggregate Russian banking assets and 26% of banking capital. According to The Banker magazine, as of 1 July 2010, Sberbank was ranked 43th in the world in terms of Tier 1 capital.

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 1 June 2010 Sberbank accounted for 48% of retail deposits, 33% of consumer loans and 30% of corporate loans in Russia.

Sberbank has the largest countrywide branch network with 18 regional head offices and more than 19,100 retail outlets with about 245,600 employees. Elsewhere, Sberbank operates subsidiary banks in Kazakhstan and Ukraine contemplating Belarus and targets 5% share of these markets. Under the new strategy, the Bank plans to build a foothold in China & India and generate about 5% of net income outside Russia by 2014.

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 is actively involved in developing business ties with Export Crediting Agencies and banks that finance trade operations through export agencies around the world. For joint accomplishment of various programs of export finance to Russia, including export credits insurance, medium and long-term financing as well as project finance, relevant relations have been established with Export – Import Bank of the United States, Ausfuhrkredit-Gesellschaft m. b. H and Euler Hermes (Germany), Hungarian Eximbank, IFTRIC (Israel), OeKB (Austria), ECGD (Great Britain), SACE (Italy), CESCE (Spain), EDC (Canada), Atradis (Netherlands), KUKE (Poland), COFACE (France), Finnvera (Finland), EGAP (Czech Republic), EKN (Sweden), ERG (Switzerland), NEXI and JBIC (Japan).