Sberbank

Sberbank announces losses from sale of Denizbank

Russia’s top bank Sberbank reported a 32% fall in third-quarter net profit, hurt by a foreign exchange loss due to the sale of Denizbank in Turkey. Sberbank sold Denizbank to Emirates NBD Group for 170.7 billion rubles ($2.7 …

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IMF - body which is completely out of picture

Sberbank CEO Herman Gref, speaking at the International Organization of Supreme Audit Institutions (INTOSAI) Congress, described the International Monetary Fund (IMF) as the body which is completely out of the picture. …

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Sberbank completes sale of DenizBank

Sberbank announces that it has completed the sale of its entire 99.85% stake in DenizBank to Emirates NBD Bank. In line with the sale and purchase agreement, the total revenue is 170.7 billion rubles, while Sberbank's …

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Sberbank shareholders reelect Gref as CEO

The shareholders of Russia’s biggest lender Sberbank reelected German Gref as CEO of the bank for a period of four years, at an annual general meeting today. The current contract of Gref will expire by …

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Sberbank sets Russia's record in dividends

The supervisory board of Russia’s biggest lender Sberbank has recommended paying 361.4 billion rubles ($5.62 billion)   in dividends for 2018, CEO German Gref said. The dividend payment will account …

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Forecasts for ruble’s exchange rate worsened

Russia’s top bank Sberbank has worsened its forecasts for the ruble’s average annual exchange rate against the U.S. dollar for 2019–2020. The bank worsened the rate for 2019 to 68.5 rubles per U.S. dollar and for 2020 …

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Sberbank to complete sale of Denizbank in H1 2019

Russian state lender Sberbank plans to complete the sale of Turkey’s Denizbank in the first half of the year, Sberbank said in a filing. Sberbank, Russia’s biggest bank by assets, bought Denizbank in 2012 for around $3.5 …

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Gref: Sberbank loses billions of rubles

Sberbank CEO Herman Gref said that the bank lost billions of rubles as a result of artificial intelligence errors. "Artificial intelligence, in general, makes decisions in large systems. A small mistake …

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Sberbank and VTB establishing interregional airline?

Russia's two largest banks, Sberbank and VTB will establish an airline for interregional flights, business daily Vedomosti reported.citing sources in the industry. The share of flights without stopovers in Moscow amounted to only …

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