Sberbank

For other uses, see Sberbank (disambiguation).

PJSC Sberbank
Native name
Сбербанк
FormerlyState Labor Savings Banks System of the USSR (1922–1991)
Company typePublic (ПАО)
MCX: SBER
IndustryFinancial services
Founded22 March 1991; 33 years ago (1991-03-22) (through the reorganization of the Savings bank of the RSFSR)
HeadquartersSberbank City,
Moscow
,
Russia
Key people
Anton Siluanov (Chairman-Supervisory Board)
Herman Gref (CEO, Chief Executive Officer & Member-Supervisory Board) [2]
Products
Revenue$40 billion[3] (2017)
$34.2 billion[4] (2023)
$17.7 billion[4] (2023)
Total assets$626 billion[4] (2023)
Total equity$77.3 billion[4] (2023)
OwnerNational Wealth Fund, Government of Russia (50%+1 share)[5]
Number of employees
281,000 (2019)[6]
SubsidiariesSberbank CIB
SberTech
Subsidiaries in some European and post-Soviet countries
RatingBa2 (Moody's), BBB− (Fitch) (2017),[7] AAA.ru stable (NCR 2023)[8]
Websitesberbank.com
sberbank.ru

PJSC Sberbank (Russian: Сбербанк, initially a contraction of Russian: сберегательный банк, romanized: sberegatelnyy bank, lit. 'savings bank') is a Russian majority state-owned banking and financial services company headquartered in Moscow. As the Russian successor entity of the State Labor Savings Banks System of the USSR, it was called Sberbank of Russia until 2015,[9] and in 2020 further shortened its brand to Sber.[10] Following the termination of its operations in the European Union in the immediate aftermath of the Russian invasion of Ukraine, its international footprint is primarily in the Commonwealth of Independent States.

By 2022, the bank accounted for about a third of all bank assets in Russia.[11] The bank's rise since 1990s is in part due to its close connections to the Russian government.[11] Sberbank has 87 branches and 1 representative office in 79 regions of Russia and 2 foreign countries.[12] As of 2014 it was the largest bank in Russia and Eastern Europe, and the third largest in Europe, ranked 60th in the world and first in central and Eastern Europe in The Banker's Top 1000 World Banks ranking.[13] In the world ranking of public companies Forbes "Global 2000" Sberbank takes 51st place.[14]

  1. ^ "Сбер-Сити — красивый и экологичный" – via YouTube.
  2. ^ "SBER.RU | Sberbank Rossia Company Profile & Executives - WS". www.wsj.com.
  3. ^ "Financial Statement" (PDF). Retrieved 1 November 2018.
  4. ^ a b c d "FY 2023 IFRS Reporting" (PDF). Sberbank. 28 February 2024. p. 23. Retrieved 28 February 2024.
  5. ^ "Sberbank announces its controlling stake sold to Russian Ministry of Finance as part of National Wealth Fund placement". Sberbank. 10 April 2020.
  6. ^ "Sberbank in brief" (PDF). Sberbank.ru. Archived from the original (PDF) on 28 May 2020. Retrieved 13 May 2020.
  7. ^ "Рейтинг банков – 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017.
  8. ^ "НКР присвоило Сбербанку рейтинг на уровне "AAA.ru"". banki.ru (in Russian). 19 October 2023.
  9. ^ Mark Rachkevych (18 January 2016). "Russia's Sberbank faces lawsuit over trademark dispute with Ukrainian state-owned bank". Kyiv Post.
  10. ^ "Sberbank presents new brand Sber, estimates costs for its introduction at 2.5 bln rubles in 5-6 years". 24 September 2020.
  11. ^ a b "Russian bankers shuffled personal wealth offshore long before latest sanctions, Pandora Papers show - ICIJ". 11 April 2022. Retrieved 11 April 2022.
  12. ^ "ПАО Сбербанк". www.rusprofile.ru (in Russian). Retrieved 9 September 2023.
  13. ^ "Top 1000 World Banks – Sales bring changes in CEE but Russia still rules". The Banker. 30 June 2014. Archived from the original on 6 August 2014. Retrieved 11 October 2014.
  14. ^ "Global 2000". Forbes. 13 April 2021.