Sberbank

Sberbank SEO expects ruble to strengthen at year end

Chief executive of Russia’s Sberbank German Gref said that the Russian ruble may strengthen at  60-62 rubles per dollar at year end. According to him, Russia's national currency is closely related to oil prices, but they …

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Russian government buys 50% in Sberbank

The Russian government has bought 50% in the Russia’s top bank Sberbank from the Russian central bank at 189.44 rubles per share through the Finance Ministry, spending 2.139 trillion rubles from the National Wealth Fund on the deal, the …

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Russian government buys Sberbank

Russian Finance Ministry announced that it would purchase the central bank’s stake in Sberbank, Russia’s largest lender. The finance ministry said it would buy the central bank’s 50%-plus-one-share stake in Sberbank …

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Sberbank CEO could resign if...

Chief executive of Russia’s Sberbank German Gref said he could leave his post if a possible shareholder change at the bank results in a switch in its strategy. Gref is confident though that …

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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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 Two Sberbank employees killed in Ethiopia plane crash

Two Sberbank employees were among the 157 people killed in an Ethiopian Airlines crash on Sunday, Sberbank confirmed. "Yekaterina and Alexander Polyakovy went on vacation to Africa, which was so tragically cut short," RIA …

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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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