Gref announces key rate cut
The Central Bank will begin to cut the key rate next year. This was stated by the Head of Sberbank Herman Gref.
Sberbank
Former Sberbank subsidiary in Kazakhstan could be acquired by new investor
An investor from Qatar is evaluating Kazakhstan's Bereke Bank - a former subsidiary of Sberbank, chairman of the Agency for Regulation and Development of the Financial Market of Kazakhstan Madina Abylkasymova said.
Sber to develop Islamic banking in Moscow
Sberbank will open Islamic finance offices in Moscow, Tatarstan, Bashkortostan, Dagestan, Chechnya and other regions of the North Caucasian Federal District. The Islamic banking experiment officially starts in Russia today.
Competitor to Mir payments system might be created in Russia
Sberbank chief Herman Gref said that Russian banks are discussing the creation of a competitor to the Mir payment system (its operator is the National System of Payment Cards, NSPC) with other market participants. "In …
Sberbank opens first regional branch in Crimea
Sberbank opened the first regional branch in Yalta on the territory of the Crimean peninsula. A modular office has been installed in the city center next to the renovated Sovetskaya Square, TASS reported. In January, Sberbank …
Sberbank releases GigaChat able to communicate
Russian lender Sberbank said it had released technology called GigaChat as a rival to ChatGPT, initially in an invite-only testing mode, joining the artificial intelligence chatbot race. Sberbank said what sets GigaChat apart was its …
Sberbank to place more ATMs in Crimea in time for tourist season
Sberbank plans to expand its ATM network in Crimea to 80 installations in May-June, head of the Sales Network blockTatyana Galkina said. Now, there are about 30 Sberbank ATMs in Crimea. "We plan to expand the network of …
U.S. lifts sanctions off Bereke bank
The U.S. government removed Kazakh “Bereke bank” from its list of sanctioned financial institutions, according to the banks' press service. The U.S. Treasury Department has removed Bereke Bank from the SDN sanctions list …
US lifts part of anti-Russian sanctions
Sanctions against several companies associated with the Russian Federation are lifted by the USA. According to the Ministry of Finance, these are subsidiaries of Sberbank registered in Kazakhstan.
Sberbank's Kazakh ex-subsidiary to service not all Mir cards
Kazakhstan's Bereke Bank, which is a former subsidiary of Sberbank, bought out by the national holding Baiterek, continues to service Mir cards issued by non-sanctioned Russian banks, the bank’s press service said. In March, …
Sberbank starts selling cash dirhams
Sberbank has started selling and buying cash dirhams of the United Arab Emirates (UAE) and is considering non-cash transactions with this currency, the bank said. This is a pilot project aimed at estimating the potential demand, the …
Sber chief executive says Russian firms under sanctions have no one to count on
Russian companies have no one to count on amid tight sanctions-related restrictions, which should be a major driver of further development, Chief Executive Officer of Russia’s top lender Sberbank Herman Gref said at the Finopolis forum of …
Sberbank raises mortgage rates
Sberbank announced an increase in the rate on market mortgage programs by 0.5 percentage points. On September 16, the Central Bank lowered the key rate by 50 basis points, to 7.50% per annum. “Mortgage rates are …
Sberbank sells subsidiary in Kazakhstan to Baiterek holding
Sberbank and the Kazakh national management holding, Baiterek, have signed a deal to buy and sell shares of Sberbank Kazakhstan, and the parties plan to close the deal in the near future, the Russian credit institution said in a statement. …
Sberbank cuts interest rates on loans for small businesses
Russia's Sberbank has cut interest rates on loans for small businesses, the bank’s press service reported. The lowest rate is 12.4% per annum can be obtained if a company takes a loan to purchase real estate for commercial …
Sberbank to cooperate with Iranian bank
Commercial bank Bank Melli Iran has signed cooperation agreements with Russia's Sberbank, Iranian Press TV reported. It is noted that the memorandum was signed by the CEO of Bank Melli Iran Mohammad Reza Farzin, who is on a visit to …
Yandex to buy Delivery Club?
VK and Sber are in talks to sell the Delivery Club food delivery service, TASS reports, citing a source familiar with the negotiations' course. "The companies are discussing options for a deal on Delivery …
Gazprom and Sberbank opt out of dividend payout
Russia’s state energy giant Gazprom and top lender Sberbank decided Thursday not to pay their investors dividends for 2021, sending the companies’ shares downward. The shareholders of Gazprom at the annual meeting did not …
Sberbank in talks on subsidiary sale with Kazakh holding
Sberbank is holding talks with Kazakh Baiterek on the sale of its subsidiary bank in Kazakhstan, Chairperson of the Agency for Regulation and Development of the Financial Market told reporters on Thursday. "Sberbank made the …
EU leaders agree to partial embargo of Russian oil imports
EU leaders negotiated the sixth package of sanctions against Russia, which includes, in particular, partial embargo on import of Russian oil and cutting Russia’s Sberbank of the SWIFT international payment system, European Council President …
