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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 …

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 …

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 …

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. …

Russia's Sberbank loses leadership

Sberbank has ceased to be the most reliable bank in Russia, according to Forbes ranking of the 100 most reliable Russian banks of the current year, based on their international ratings. It was bypassed by three credit organizations: Rosbank …

Sberbank may sell Denizbank to Emirates NBD

Sberbank, Russia's largest bank, said that it was in talks with Dubai banking group Emirates NBD over selling Denizbank. "Discussions are at an early stage. At the current time there is no exact information on whether a deal …

Russia's Sberbank presents new strategy

Russia's Sberbank sees its annual net profit rising to around 1 trillion rubles ($17 billion) by 2020, according to a strategy plan published on its website. According to the document, Sberbank’s return on equity, a key …