Ruble to weaken by year-end, Sberbank says
The bank believes the exchange rate could reach around 90 rubles per dollar by the New Year
Sberbank
Russian Central Bank’s key rate may reach16% by year-end - Sber
Sber expects the Central Bank’s key rate at 16% by the end of this year, the senior vice-president, head of finance block of the bank Taras Skvortsov said.
Sber improves its inflation forecast for Russia
Sber has improved its inflation forecast for Russia for the current year, projecting a potential decline to 6.5-7.5%.
Sberbank starts testing QR code payments in Türkiye
The technological payment method is planned to be introduced in late March
Gref: economy overheating peak passes
The peak of overheating in the Russian economy has been passed, though it is too early to speak about completion of this process, Sberbank CEO German …
Sberbank to raise mortgage rates in Russia
Russia's largest lender Sberbank opens new tab will raise its market mortgage rates to a minimum of 20% from August 6, according to Sberbank's …
Sberbank islamic financing now available in North Caucasus
The first Islamic finance office was opened in the North Caucasus Federal District by Sberbank in the capital of Chechnya
Gref: Ruble to be stable until year-end
According to the Chairmanof Sberbank, the ruble exchange rate will be quite stable in 2024. It is expected that the national currency exchange rate will remain in the range of 90-95 rubles.
Islamic banking may come to Moscow and number of other Russian regions
In Russia, Islamic banking may cover several other regions. It can be implemented in Moscow and St. Petersburg, regions of the North Caucasus Federal District, and in the Far North, Sberbank said.
Islamic deposit to become available to muslims in Russia
This year, Sberbank clients will be able to open an Islamic deposit
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.
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, …
