name: Sberbank of the Russian Federation
Sberbank of Russia is a Russian bank headquartered in Moscow. As of 2012, it is the largest bank in Russia and Eastern Europe and the third largest bank in Europe.
In July 2014, the Sberbank of the Russian Federation ranked 33rd in the list of the top 1000 global banks. The company’s history can be traced back to Cancrin’s financial reforms in 1841. The motto of the bank is: ‘Always be by your side’.
The largest shareholder of the Sberbank has always been the Central Bank of the Russian Federation, which is also known as the Bank of Russia. The Central Bank of the Russian Federation holds 50% of the shares and foreigners hold about 20% of the shares. Without Russian law, the Central Bank of Russia cannot sell shares of Sberbank.
In 2013, Sberbank had 250,000 employees and 19,000 branches. As of November 2013, it accounted for approximately 28.6% of Russia’s total bank assets and claimed to be the “circular system of the Russian economy” and “the key lender and largest receiver of deposits in the Russian economy”.
The Chairman of Sberbank is Sergey Ignatev, and the CEO is Gref. In 2012, bank revenue was US$30.5 billion, net profit was US$11.4 billion, and total assets were US$486.4 billion.
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