Exclusive-Russia’s Sberbank to issue yuan bonds in 2023 if opportunity arises
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s dominant lender Sberbank will issue bonds in Chinese yuan this year if an opportunity arises and will continue borrowing in roubles to…
Russia’s Sberbank recommends record dividend payout – CEO
(Reuters) -The board of Russia’s largest lender, state-owned Sberbank, has recommended paying a dividend of 25 roubles ($0.3260) per share and a total payout of a record 565 billion roubles, CEO German…
Sanctions forcing Russia’s Sberbank to close UAE office, company says
By Alexander Marrow MOSCOW (Reuters) -Russia’s dominant lender Sberbank will be forced to close its office in the United Arab Emirates (UAE) early next year, First Deputy Chairman Alexander Vedyakhin said on…
Top Russian lender Sberbank expands financial terminal capabilities
MOSCOW (Reuters) – Russia’s dominant lender Sberbank on Thursday said it had expanded the capabilities of its SberCIB Terminal to add services previously provided by data providers that have suspended operations in…
Russia’s Sberbank opens ‘vostro’ rupee accounts at India branches
MOSCOW (Reuters) – Russia’s dominant lender Sberbank is offering clients “vostro” accounts in rupees at its branches in India, aiming to facilitate clients in carrying out rupee-denominated trade transactions which are increasing…
Russia’s Sberbank begins lending in Chinese yuan, bank official says
VLADIVOSTOK, Russia (Reuters) – Russia’s largest lender, Sberbank, on Tuesday said it had started lending in Chinese yuan, as Moscow looks to develop its financial infrastructure in countries that have not imposed…
EU to add Sberbank, Russian metals baron to sanctions list
By Francesco Guarascio BRUSSELS – The EU is set to add Russia’s top lender Sberbank and the head of giant zinc and copper firm UMMC to its list of individuals and companies…
Russian economy may need a decade to return to pre-sanctions levels, Sberbank says
(Reuters) – Russia’s economy may need a decade to return to the pre-sanctions levels of 2021, the chief executive of the country’s top bank Sberbank said on Friday, as economic curbs have…
Swiss watchdog extends protective Sberbank transaction ban
ZURICH – Swiss financial market supervisor FINMA on Wednesday extended through August a ban on the Swiss arm of Russia’s largest lender Sberbank from making payments and transactions, as well as other…
Russia’s Sberbank says working as usual despite new EU sanctions
(Reuters) – Russia’s largest lender Sberbank said on Tuesday new European sanctions would not impact its operations after European Union leaders agreed to cut bank that was already under sanctions from the…
Russia’s Sberbank pays in roubles on dollar-denominated Eurobonds
(Reuters) – Russian lender Sberbank on Tuesday said it had made a coupon payment on dollar-denominated subordinated Eurobonds in roubles at the central bank exchange rate. The ability of Russia to service…
Russian government says no dividend for Sberbank on 2021 results
(Reuters) – The Russian government has instructed the finance ministry not to pay a dividend on 2021 results for common and preferred shares of Sberbank, the country’s largest lender, according to a…
Russia’s Sberbank appoints acting CFO after string of senior resignations
(Reuters) – Russia’s largest lender Sberbank on Friday said it had appointed Taras Skvortsov as acting finance director, following a spate of high-profile exits that included former CFO Alexandra Buriko. Several executives…
Russia’s Sberbank divests some non-core assets
(Reuters) – Russia’s largest lender Sberbank has ceased to be a shareholder in some non-financial assets, the company said on Thursday, as it reviews its strategy. Sberbank said it no longer owned…
Russia’s Sberbank plans to drop its London listing
(Reuters) – Russia’s largest lender Sberbank, which has been hit by Western sanctions, plans to drop its listing in London after its depositary terminated an agreement with it, the bank said on…
Sberbank CFO among latest senior resignations at sanctioned Russian lender
(Reuters) – Three board members of Russia’s Sberbank have left their posts, the bank said on Tuesday, the latest in a flurry of senior departures from the state-owned lender since Moscow sent…
Another Sberbank executive leaves the sanctioned Russian lender
(Reuters) – Russia’s dominant lender Sberbank said on Monday one of its senior vice presidents had left, the latest executive to resign since Moscow sent troops into Ukraine in February. Andrey Shemetov,…
Disconnecting Russia’s banks: Sberbank faces SWIFT removal
By Kirstin Ridley and Karin Strohecker LONDON – The European Union aims to cut off Sberbank, Russia’s largest lender, from the SWIFT international payment system as Western allies seek to further isolate…
European arm of Russia’s Sberbank to be wound down by year-end
BERLIN – The European arm of Sberbank, Russia’s biggest lender, is to be wound down by the end of the year and creditors will be paid back, Austria’s national bank, the OeNB,…
EU to remove Sberbank, two other Russian banks from SWIFT
STRASBOURG – The European Commission proposed on Wednesday to remove Russia’s biggest bank Sberbank and two other banks from the international SWIFT transaction and messaging system in another blow to the Russian…
Russian deputy PM hints at struggles facing top lender Sberbank
(Reuters) – Russia’s top lender Sberbank is still trying to fund property developers in spite of “difficulties and losses” that the sanctioned bank is experiencing, Deputy Prime Minister Marat Khusnullin said on…
New EU sanctions on Russia to target Sberbank, Commission head tells paper
FRANKFURT – The European Union’s forthcoming sanctions on Russia will target banks, in particular Sberbank, as well as oil, the head of the European Commission Ursula von der Leyen told a German…
U.S. Treasury issues general license for wind-down of transactions involving Sberbank units
BOSTON – The U.S. Treasury said on Tuesday it was issuing a general license authorizing the wind-down of transactions involving SB Sberbank Kazakhstan and Sberbank Europe AG through July 11. The United…
EU agrees to freeze assets of Sberbank boss, Putin’s daughters
BRUSSELS – The European Union has agreed to freeze the assets in the EU of the boss of Russia’s top lender Sberbank, Vladimir Putin’s two daughters and more oligarchs, according to a…
Russia’s Sberbank says sanctions limiting some forex transfers in Russia and abroad
– Russia’s largest lender Sberbank on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies to accounts at other banks, both in…
Defying sanctions, Russia’s Sberbank adds smart TVs to technology offering
– Russia’s top lender Sberbank, with its international operations heavily compromised by Western sanctions against Moscow over events in Ukraine, on Tuesday unveiled a range of smart TVs, the latest addition to…
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