Sberbank is the only Russian brand among the top 25 most valuable banking brands in the world according to the annual Brand Finance rating.
In addition, Sberbank has been named the most valuable Russian brand in the Brand Finance Global 500 ranking. The value of the Sberbank brand grew by 27.5% (or $2.5 bln) over the past year to $11.6 bln.
“The high position that our brand occupies in this international rating is a testament to our entire team’s efforts to enhance the services we offer. Sberbank Group’s new 2020 Development Strategy involves further increasing the level of flexibility, speed and client-centricity by introducing new technology,” said Herman Gref, CEO and Chairman of the Executive Board of Sberbank.
Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and more than 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.
Author: Anna Dorozhkina