Sberbank / Key word(s): Miscellaneous/Miscellaneous
22.10.2015 19:44

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October 22, 2015, London - Sberbank held the Investor Day in London. The bank's top management team led by Herman Gref, President and Chairman of the Executive Board of Sberbank, presented the view on further development of sberbank on the backdrop of significant changes of the macro environment.

The key focus was made on the radical efficiency increase through the technological and organizational transformation.
Key financial indicators remained similar to the original range. Cost to income ratio was improved to below 40% with expected ROE at around 18% in 2018.

Herman Gref said «Significant changes in both the Russian banking sector and macroeconomy demanded from us to reasses the pace of our transformation into a flexible client centric service organization able to adopt innovations quickly. It is clear that, while we face new challenges, we also see new opportunities to develop our business and generate long-term value for our clients and shareholders»

More than 100 investors and sell-side analysts visited the event with more than 400 participants joining through a live webcast.
Sberbank
Alexander Baziyan
Press Office
Tel. +7 (495) 957 5721         
media@sberbank.ru

 

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.
The Bank holds the general banking license No.1481 issued by the Bank of Russia. Official websites of the Bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.


22.10.2015 The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Sberbank
              19 Vavilova St.
              117997 Moscow
              Russia
Phone:        +7-495-957-57-21
Fax:          
E-mail:       media@sberbank.ru
Internet:     www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 Listed: Open Market (Entry Standard) in Frankfurt ; London, MICEX,               RTS
 
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