SBERBANK

Sberbank: translation

Tracing its origins to 1841, Sberbank is the oldest and largest credit insitution in Russia, controlling one-quarter of the country’sbanking industry. The company controls 50 percent of retail deposits and has a 30 percent share of the Russian loan market The bank is the primary lending institution for Russia’s majorindustriesincludingoil,natural gas, andminingcompanies. The Central Bank of the Russian Federation is the majority shareholder in the company. Sberbank has approximately 20,000 branches with 261,000 employees and revenues of $20 billion. It also operates inKazakhstanandUkraine. The current president and CEO of Sberbank is German Gref, who also headed the Ministry of Economics and Trade from 2000 to 2007.