From the Wires
Sberbank Day Conference Held During the Annual Euro Finance Week in Frankfurt
By: PR Newswire
Nov. 23, 2012 08:56 AM
FRANKFURT, Germany, November 23, 2012 /PRNewswire/ --
The Sberbank Day conference was held as a part of the annual Euro Finance Week in Frankfurt.
The discussion "New Economy in Europe: Between a Rock and a Hard Place" was moderated by Herman Gref, CEO and Chairman of the Management Board of Sberbank. Participants in the discussion were Gerhard Schröder, Chancellor of Germany from 1998 to 2005; Václav Klaus, President of the Czech Republic; Viktor Orbán, Prime Minister of Hungary; Ivica Dačić, Prime Minister of Serbia; Milorad Dodik, President of the Republika Srpska; and Zlatko Lagumdžija, Deputy Prime Minister and Minister of Foreign Affairs for Bosnia and Herzegovina. The panellists analysed the impact of pre-crisis economic models on the region's development, discussed the current situation in the Eurozone, its impact on Central, Eastern and South-Eastern European countries, solutions to the Eurozone crisis and exchanged views on the region's future development.
The conference included three panel discussions: "IT innovation in banking: the impact of social computing and big data", "Innovative approach to banking the small business: trend or utopia" and "Changing landscape of retail banking: trends that reshape the future of financial services" which were led by Viktor Orlovskiy, Senior Vice President of Sberbank, Sergey Borisov, Vice President of Sberbank for the small business development, and Aleksander Torbakhov, Deputy Chairman of the Management Board of Sberbank.
During the annual Euro Finance Week Sberbank signed a cooperation agreement with Eximbanka SR. The agreement covers the development of cooperation in the areas of finance, insurance and guarantees, as well as exchange of information in order to support the export of goods and services between the two countries.
Besides the Sberbank Day conference a memorandum of understanding with the Ministry of Finance and Economy of the Republic of Serbia was signed. The signing ceremony was attended by Herman Gref, CEO and Chairman of the Management Board of Sberbank, and Ivica Dačić, Prime Minister of Serbia. The signing of the document will further strengthen the position of Sberbank in the region.
Herman Gref stated: "Sberbank Day Conference during the annual Euro Finance Week with the major European politicians and businessmen is a significant event, which marks a new milestone in the development of Sberbank as an influential member of the financial markets in Europe."
Sberbank of Russia is the largest bank in Russia and holds almost one third of all Russian banking sector assets. The Central Bank of the Russian Federation is the founder and major shareholder of Sberbank, owning 50% of the total share capital plus one voting share. Other shares are held by more than 245,000 individual and institutional investors. The Bank has the largest distribution network in Russia with over 19,000 offices as well as subsidiaries in 20 countries including the CIS, Central and Eastern Europe and Turkey. In September 2012, Sberbank completed the acquisition of DenizBank AS which is ranked 6th among private and 9th among all Turkish banks by consolidated total assets.
The Bank holds the general banking license No. 1481 issued by the Bank of Russia.
Sberbank of Russia
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