Sberbank
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. It was called Sberbank of Russia until 2015 (currently: Sber). Sberbank has operations in several European nations, primarily post-Soviet countries.
Native name | Сбербанк |
|---|---|
| Formerly | Savings bank of Russia (RSFSR) (1842–1991) |
| Company type | Public (ПАО) |
| MCX: SBER | |
| Industry | Banking, financial services |
| Founded | 22 March 1991 (through the reorganization of the Savings bank of the RSFSR) |
| Headquarters | Sberbank City, , |
Key people | Anton Siluanov2 (Chairman-Supervisory Board) Herman Gref (CEO, Chief Executive Officer & Member-Supervisory Board) |
| Products | Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards |
| Revenue | $40 billion (2017) |
| $19.8 billion (2022) | |
| $3.87 billion (2022) | |
| Total assets | $599 billion (2022) |
| Total equity | $83.2 billion (2022) |
| Owner | National Wealth Fund, Government of Russia (50%+1 share) |
Number of employees | 281,000 (2019) |
| Subsidiaries | Sberbank CIB SberTech Subsidiaries in some European and post-Soviet countries |
| Rating | Ba2 (Moody's), BBB− (Fitch) (2017), AAA.ru stable (NCR 2023) |
| Website | sberbank sberbank |
By 2022, the bank accounted for about a third of all bank assets in Russia. The bank's rise since 1990s is in part due to its close connections to the Russian government. Sberbank has 87 branches and 1 representative office in 79 regions of Russia and 2 foreign countries. 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. In the world ranking of public companies Forbes "Global 2000" Sberbank takes 51st place.