Sberbank Group in the World
Clients in Russia
We have plans to complete the technological modernization initiated several years ago and build world-class IT systems and a top-notch technology infrastructure. We will become market leaders in the use of the latest digital, mobile, and social technology. We also want to be among global leaders for cyber security, analytics, and big data.Herman Gref CEO, Chairman of the Executive Board
- By reporting mistakes, I show care not only for myself, but also for my colleagues, as they are something we can all learn from
- I am convinced that constructive criticism makes both my work and the work of my colleagues better
- The Bank’s, as well as everyone else’s income, depends on a responsible attitude towards risks
- Together we can achieve more
- I apply rules so everyone can see my commitment to the interests of the Bank
Strong brand № 6 by brand value among European banks and 24th among banks in the world for 2016
Address of the CEO, Chairman of the Executive Board
Despite the economic problems of the previous two years, Sberbank continued to follow the path of stable development and completed the year 2016 keeping ahead in many aspects of the approved Strategy.
In the situation of continuing uncertainty, Sberbank demonstrated a high level of preparedness for the first signs of economic revival, having earned a record level profit in 2016. Such a result became possible due to a number of factors. The Bank continuously works on the growth of efficiency, creates and develops the best services for its multimillion client base in Russia and abroad, and improves business processes, thus making digital world opportunities more and more reliable and affordable for society.
Dear shareholders, clients, and partners:
We began the previous year in an unstable situation with rather conservative forecasts; however, stabilization of oil prices and the RUB/USD exchange rate helped the Russian economy find its way back to growth again in the fourth quarter of 2016 after two difficult years. As such, the policy of Bank of Russia remained rather rigid, which did not allow for lowering interest rates in the economy to the level sufficient to stimulate the growth of demand for credits. In contrast with above, Sberbank assets in 2016 declined, whereas due to systematic lowering of the funding cost throughout the whole year we improved the forecast several times, and as of the year-end we earned a record level profit for the whole history of Sberbank.