OJSC “Sberbank of Russia ” – the largest bank in Russia and the CIS with the widest network of branches offering full range of investment banking services. Founder and major shareholder of Sberbank is the Central Bank of the Russian Federation , which owns 50 % of the share capital plus one voting share , over 40% of shares are owned by foreign companies. About half of the Russian market of private contributions , as well as one in three corporate and retail credit in Russia accounted for Sberbank .
History of the Savings Bank of Russia begins with an edict of Emperor Nicholas I of 1841 on the establishment of savings banks, the first of which opened in St. Petersburg in 1842. After a half century – in 1987 – on the basis of state savings banks was a specialized labor savings and bank lending – the Savings Bank of the USSR , who also worked with entities . The structure of the Savings Bank of the USSR included 15 national banks , including the Russian Republic Bank .
In July 1990, the Supreme Council of the RSFSR Russian Republic Bank Sberbank of the USSR was declared the property of the RSFSR. In December 1990 it was converted into a joint stock commercial bank, which was legally established by the general shareholders’ meeting March 22, 1991 . In the same year 1991 , Sberbank became the property of the CBR and was registered as a joint-stock commercial Savings Bank of the Russian Federation. Largely thanks to the support of the CBR and increase fees for settlement services Sberbank managed to withstand the default on the GKO -OFZ market in 1998 ( at the time the share of public debt in the bank’s assets was 52 %, and the loan portfolio accounted for only 21% of net assets ) .
In September 2012, the CBR has sold 7.6% of Sberbank’s shares to private investors for 159 billion rubles, or nearly $ 5 billion. At the moment, the central bank remains the controlling shareholder ( the regulator 50 % of the share capital plus one voting share ) . Minority shareholders are more than 226 thousand individuals and legal entities , including foreign institutional investors , which owns 44 % of shares of ” Sberbank” .
In the largest credit institution RF three subsidiary banks in the CIS – in Kazakhstan, Ukraine and Belarus – and three “daughter” in Europe : Sberbank Europe AG with headquarters in Austria (established on the basis of the acquired “Sberbank” in 2012 Volksbank International AG, operates a network of nine subsidiaries in eight countries in Central and Eastern Europe – Slovakia, Czech Republic , Hungary, Slovenia , Croatia, Bosnia and Herzegovina , Serbia and Ukraine ), DenizBank AS in Turkey ( 99.85 % of the shares purchased as in 2012 ), and Sberbank (Switzerland) AG , headquartered in Zurich. In addition, the Savings Bank has representative offices in China and Germany and a branch in India.
In 2012, the Savings Bank has closed a deal to merge with the investment company “Troika Dialog” ( transformed into a corporate investment structure Sberbank CIB, a retail bank “Troika Dialog” autumn 2013 sold to a group of private investors ) . Also in 2012 was closed transaction Sberbank of the French group BNP Paribas majority stake in its subsidiary Russian retail bank ( now operates as a joint venture Setelem Bank , the share of “Sberbank” – 74%).
Despite not outstanding quality service in most offices ( except for services for VIP-clients ) , not only the leading bank in terms of assets , but also by the number of current accounts of legal entities ( over 1 million ) . Retail deposits , Sberbank of Russia is a monopolist – controls 45 % of the market ( the bulk of the deposits ” physicists ” falls on the so-called pension deposits in rubles). It is worth noting that at the beginning of 2002 the Bank’s share was 71.4%. Further reduce the market share occupied by Sberbank, largely contributes to the deposit insurance system and the increase in deposit insurance coverage . Through Sberbank salary is received about 11 million people , and pensions – 12 million Bank issued more than 30 million cards , the number of ATMs is more than 19 thousand Number of employees as at 31 December 2012 amounted to more than 233 thousand people.