Sberbank

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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Sberbank reducing its presence in Europe

Russia's Sberbank intends to reduce its presence in Europe, but expand it in Kazakhstan and Belarus, the head of the state bank Herman Gref said. "We stay in Europe, Belarus, Kazakhstan and …

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Sberbank sells Denizbank to Emirates NBD

Emirates NBD has agreed to buy Turkish lender Denizbank for 14.6 billion liras ($3.19 billion) from Russia’s Sberbank. Emirates NBD said in January it had started initial strategic talks with Sberbank about a possible purchase of …

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Sberbank and VTB to enter Crimea

Residents of Crimea will be able to receive services in Sberbank and VTB, the Chairman of the State Duma Committee for the Financial Market, Anatoly Aksakov said on the sidelines of the Blockchain and Cryptocurrency Summit - WBCSummit. …

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