Sberbank

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 17 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.