Sberbank
Native name | Сбербанк |
|---|---|
| Formerly | State Labor Savings Banks System of the USSR (1922–1991) |
| Company type | Public (ПАО) |
| MCX: SBER | |
| Industry | Financial services |
| Founded | Originally founded as Sberegatelnaya Kassa (1841) through a decree by Tsar Nicholas I |
| Headquarters | Sberbank City, , |
Key people | Anton Siluanov (Chairman-Supervisory Board) Herman Gref (CEO, Chief Executive Officer & Member-Supervisory Board) |
| Products | |
| Revenue | $40 billion (2017) |
| $34.2 billion (2023) | |
| $17.7 billion (2023) | |
| Total assets | $626 billion (2023) |
| Total equity | $77.3 billion (2023) |
| 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 |
The Public JSC Sberbank (Russian: ПАО "СберБанк", romanized: PAO 'SberBank', 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. As the Russian successor entity of the State Labor Savings Banks System of the USSR, it was called Sberbank of Russia until 2015, and in 2020 further shortened its brand to Sber. Following the termination of its operations in the European Union in the immediate aftermath of the Russian invasion of Ukraine, its international footprint is primarily in the Commonwealth of Independent States.
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 86 branches and 1 representative office in 79 regions of Russia and 1 foreign country. 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.