Sberbank

EC head speaks on future anti-Russian sanctions' aim

EC head speaks on future anti-Russian sanctions' aim

The European Union continues to consider the Russian banking and energy sectors for the possibility of imposing sanctions, said the head of the European Commission, Ursula von der Leyen, in an interview with the German newspaper Bild am …

Sberbank cuts interest rates on consumer loans

Sberbank cuts interest rates on consumer loans

From April 10, Sberbank cuts rates on consumer loans by 2 percentage points, the minimum rate will be 19.9%, the bank said in a statement, TASS reports. "Since April 10, Sberbank has been making consumer loan conditions more …

Sberbank: no shortage of plastic for "MIR" cards

Sberbank: no shortage of plastic for "MIR" cards

Sberbank refuted the rumor that the bank had run out of plastic for Mir cards. “Fake: Sberbank has run out of plastic for issuing Mir cards”, the credit institution said in a statement. Sberbank noted that due …

Sberbank leaving European market

Sberbank leaving European market

Sberbank has announced leaving the European market, according to a statement released by Russia’s top lender on Wednesday. "In the current situation Sberbank decided to leave the European market. The group’s affiliates …

London adds Sberbank to its sanctions list

London adds Sberbank to its sanctions list

Sberbank was included in the UK sanctions list updated on Tuesday. Restrictive measures have been introduced against the bank’s correspondent accounts, and clearing operations in pounds sterling were also banned. According to the …

U.S. preparing sanctions on Russia’s Sberbank, VTB

U.S. preparing sanctions on Russia’s Sberbank, VTB

The U.S. is ready to impose sanctions against Russian banks Sberbank and VTB if necessary, a high-ranked representative of the U.S. administration told a briefing on the U.S’ new sanctions imposed against Moscow. "Let me be …

Sberbank CEO says sees cbank’s key rate at 8.5% max

Sberbank CEO says sees cbank’s key rate at 8.5% max

The central bank may raise the key rate by one percentage point to 8.5% since it is too low to fight inflation, and will start cutting it until the end of 2022, Russia’s top bank Sberbank CEO German Gref said in an interview with the …

Sberbank to lend $800 mln for Turkish NPP

Sberbank to lend $800 mln for Turkish NPP

Russia's largest lender Sberbank said on Wednesday it would provide $800 million in loans for the construction of the Akkuyu nuclear power plant in Turkey, having provided $400 million in 2019. The seven-year loan, consisting of two …

Russia's Sberbank to reduce presence in Europe

Russia's Sberbank to reduce presence in Europe

Sberbank plans to reduce presence of its banking business in European countries within 1-2 years, First Deputy CEO of the bank Lev Khasis told TASS in an interview on the sidelines of the St. Petersburg International Economic Forum (SPIEF). …

Russia’s Sberbank CEO forecasts GDP to decline 3.4% in 2020

Russia’s Sberbank CEO forecasts GDP to decline 3.4% in 2020

The Russian economy will decline about 3.4% in 2020, CEO of Russia’s top lender Sberbank Herman Gref said on Sunday in an interview with Rossiya-1 TV channel. "We see that according to the results of last year, Russia’s …

Sberbank CEO compares pandemic with 1998 financial crisis

Sberbank CEO compares pandemic with 1998 financial crisis

Chief executive of Russia’s Sberbank German Gref compared the current pandemic with the 1998 financial crisis. "The government turned out to be in a bad spot, since during the second week of its existence it faced the …

Sberbank SEO expects ruble to strengthen at year end

Sberbank SEO expects ruble to strengthen at year end

Chief executive of Russia’s Sberbank German Gref said that the Russian ruble may strengthen at  60-62 rubles per dollar at year end. According to him, Russia's national currency is closely related to oil prices, but they …

Russian government buys 50% in Sberbank

Russian government buys 50% in Sberbank

The Russian government has bought 50% in the Russia’s top bank Sberbank from the Russian central bank at 189.44 rubles per share through the Finance Ministry, spending 2.139 trillion rubles from the National Wealth Fund on the deal, the …

Russian government buys Sberbank

Russian government buys Sberbank

Russian Finance Ministry announced that it would purchase the central bank’s stake in Sberbank, Russia’s largest lender. The finance ministry said it would buy the central bank’s 50%-plus-one-share stake in Sberbank …

Sberbank CEO could resign if...

Sberbank CEO could resign if...

Chief executive of Russia’s Sberbank German Gref said he could leave his post if a possible shareholder change at the bank results in a switch in its strategy. Gref is confident though that …