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	Profile
		Sberbank remains the largest bank in Russia and Central and Eastern Europe in terms of Tier I capital and assets.
		Sberbank is the leading universal commercial bank in Russia and continues to provide a full range of banking services.
		In addition, Sberbank became the first Russian bank to be included in the first hundred of the “Top 1000” world banks ratings produced by the highly respected English magazine “The Banker”.
	www.sbrf.ru /eng/Profile/prof.htm (0 words)

	Sberbank \| Introduction: International Directory of Company Histories
		Sberbank is the successor to the savings division of the Soviet central bank, which in turn traces its roots back to a network of private savings institutions that was created by tsarist decree in 1841.
		Sberbank was saddled with some unprofitable operations, such as the processing of payments for public utilities and the operation of branches in provinces that were served by no other bank.
		Sberbank was also remodeling some of its branches in marble and glass in order to dispel their reputation for dinginess.
	business.enotes.com /company-histories/sberbank (3423 words)

	Bloomberg.com: Stocks
		Sberbank is selling stock at all its branches, as OAO Rosneft did in its $10.4 billion IPO in July.
		Sberbank's stock has jumped 163 percent since the start of last year, valuing the company at $68 billion, about the same as OAO Lukoil, the country's biggest oil producer, and more than ABN Amro Holding NV, the largest Dutch lender.
		Sberbank shares fell after Interfax reported that Chief Executive Officer Andrei Kamzin said the bank won't accept bids in the share placement of less than 68,000 rubles ($2,561), which is 22 percent lower than today's closing price.
	www.bloomberg.com /apps/news?pid=20601084&sid=anrcSBW2TCuU&refer=stocks (0 words)

	The St. Petersburg Times - Business - Sberbank Planning Another Share Issue
		Sberbank issued a statement on its Web site (www.sbrf.ru) saying the proposed issue of 10 million new shares would have a face value of 50 rubles ($1.71) each.
		Seventy-five percent of the votes of shareholders present at the meeting is required for the amendment to be passed.
		As a result of the issue the Sberbank charter capital increased to 1 billion rubles, and the voting shares of its main shareholder, the Bank of Russia, rose from 57.7 percent to 63 percent.
	www.sptimes.ru /index.php?action_id=2&story_id=4251 (0 words)

	EBRD and Sberbank sign Trade Finance Guarantee Facility Agreement [EBRD - Press Release]
		Sberbank’s role in the Russian banking sector and its wide regional branch network will allow it to extend the programme to many more private businesses.
		At present, 26 local banks from the EBRD’s countries of operations are eligible for EBRD guarantees as issuing banks, and over 80 foreign banks participate as confirming banks.
		Sberbank of Russia was founded in 1841 and in 1991 became the successor to the Russian part of Sberbank of the Soviet Union.
	www.ebrd.com /new/pressrel/2000/22mar20x.htm (477 words)

	The St. Petersburg Times - Business - Reforming Sberbank's 'Unnatural' Monopoly
		Third, Sberbank - due to its size and position in the banking system - is an important tool for the Central Bank in implementing monetary policy.
		Sberbank's key strengths, on which its market-leading position rests, are the state-backed deposit guarantee and its extensive branch network.
		The market prices Sberbank lower than its East European counterparts, suggesting that investors believe the minuses of state control are not compensated by the advantages the state provides.
	www.sptimes.ru /index.php?action_id=2&story_id=7555 (0 words)

	Foreign Cash Drives Sberbank Shares Up
		The market impact has been dramatic: Sberbank preferreds have rallied by half in a month to an all-time high of 303 rubles ($10.59) -- cutting their discount to ordinaries from 50 percent to 30 percent.
		But he has downgraded his rating on Sberbank ordinaries to 'sell' from 'hold', saying their record-breaking climb -- while less steep than the preferreds -- had taken them to at least their fair value.
		Sberbank has 19 million ordinary shares in issue, with a par value of 50 rubles, and 50 million preferred shares worth 1 ruble nominal.
	www.moscowtimes.ru /stories/2005/07/25/047.html (0 words)

	Russia Blog: Sberbank (Saver’s Bank) Announces IPO
		Sberbank, the largest retail bank in Russia, announced plans last week to become a publicly traded company, according to RIA Novosti news agency.
		According to the company website, Sberbank currently holds 62% of consumer bank accounts, 29% of total deposits and 50% of retail and 32% of the commercial loans in Russia.
		Even today, with runaway inflation tamed to single digits and the banking system stabilized, many Russians continue to distrust banks and keep their wealth tied up in physical assets such as real estate or cars.
	www.russiablog.org /2007/02/sberbank_savers_bank_announces.php (399 words)

	ViewsWire
		Sberbank’s CEO, Andrei Kazmin, said demand at the placement price was equal to Rb250bn and that total offers amounted to Rb270bn; Mr Kudrin’s ministry put the figure for total offers at Rb260bn.
		Second, Sberbank is the sector’s undisputed leader; it claims to hold 62% of the deposit market, 50% of the retail lending market and 32% of the commercial lending market.
		Third, Sberbank’s status as a majority state-owned institution amounts to a de facto guarantee that it will not be subject to political attack, and holds out the promise of lucrative business in the future.
	viewswire.com /index.asp?layout=VWPrintVW3&article_id=1591948944&printer=printer (1180 words)

	Sberbank Downgraded as Shares Rise
		After soaring 400 percent since September 2001, Sberbank's shares were downgraded Tuesday from a buy recommendation to hold by a leading local investment bank, which warned that the retail banking giant's share price appreciation may have run its course.
		Sberbank's share price has rocketed over the past six months as amendments to the joint stock company law enhanced minority shareholder protection and the economy expanded.
		Sberbank itself, however, is unlikely to be broken into smaller units or privatized any time soon.
	matov.narod.ru /cite/mt100402-1.htm (569 words)

	BREITBART.COM - Savings Bank OAO Sberbank to Price Share
		Sberbank is the 11th-largest bank in Europe in terms of market capitalization, behind France's Societe Generale, and has 20,000 branches throughout Russia.
		Sberbank's is the first major offering of what is expected to be a slew of listings by Russian companies this year on domestic and international markets.
		Sberbank is expected to use the proceeds to tap deeper into the consumer credit market, such as mortgages and car loans, which has exploded in Russia as high world oil prices have trickled through the economy.
	www.breitbart.com /?id=2007-02-21_D8NDUJRO0&show_article=1&cat=biz (453 words)

	UPDATE 1-Sberbank rights issue looking good - source \| Banking & Financial \| Reuters
		MOSCOW, Feb 19 (Reuters) - A major share issue by Russia's Sberbank (SBER.MM: Quote, Profile, Research) was in good shape on Monday, the final day for existing shareholders to exercise their pre-emptive rights, a source close to the deal told Reuters.
		State-controlled Sberbank, Russia's largest bank, is issuing up to 3.5 million shares in a deal fund managers and analysts say could raise $10 billion to $12 billion, potentially making it the largest equity raising ever in Russia.
		Sberbank declined any comment on either the bookbuilding process or the timing of the supervisory board meeting.
	www.reuters.com /article/bankingfinancial-SP/idUSL1920457020070219 (438 words)

	KPLC-TV Lake Charles/Lafayette, Louisiana: Hurricane Rita Video/DVD - Sberbank postpones decision on $8.7 billion share ...
		Sberbank has not disclosed the exact size of the planned issue but its president, Andrei Kazmin, has said it will be less than $10 billion.
		Sberbank shares fell 0.25 percent to 65,290 rubles at 1300 GMT on Tuesday, valuing the potential offering at 228.5 billion rubles ($8.7 billion).
		Sberbank has said it plans to raise funds by issuing approved shares, reducing the central bank's stake from 63.8 percent to as little as a bare majority of 50 percent plus one share.
	www.kplctv.com /Global/story.asp?S=5741308&nav=menu66_2 (625 words)

	AVK Securities & Finance - We increase our estimation of the Sberbank’s fair price and keep our recommendation to ...
		On 14 May Sberbank released financial statements under RAS for 2004 and 1st quarter of 2005 (refer to tables 1 and 2).
		Shareholder’s structure released by Sberbank in the memorandum on the eurobonds issue in the January 2005 shows that a significant part of the shares belongs to foreign investors, mainly to the subsidiaries of western banks, the nominee shareholders (refer to table 4).
		Howerver, Sberbank obviously does not belong to this risk group and, hence, the dependence of its share on the Russian index is rather weak.
	www.avk.ru /avk_eng.nsf/0/54BE1B118F7F6B45C325701B003A542B (1131 words)

	II Magazine Americas (Site not responding. Last check: )
		In corporate banking, Sberbank took in $16.3 billion in deposits in 2004, but it was able to lend companies $38.8 billion, for a 34 percent share of the commercial loan market, by augmenting its pool of corporate deposits with a surfeit of retail savings.
		Sberbank hired 7,200 credit officers -- a 40 percent increase -- in 2004 and was on pace to add another 40 percent in 2005.
		Sberbank first deputy chairman Aleshkina says a major stumbling block to the retail ambitions of rivals is the sky-high price of Moscow real estate, which has risen 50-fold in the past decade.
	www.iimagazine.com /Article.aspx?ArticleID=1040124 (4860 words)

	Sberbank Prepares $10-Billion Emission - Kommersant Moscow
		According to one participant in the meeting, Aleshkina noted that the Sberbank supervisory council has approved an addition issue of 109 million shares, although the maximum volume of the supplemental emission that Sberbank plans to issue in the coming months is 4.7 million shares.
		Sberbank authorized capital now stands at 60 billion rubles, that is, 19 million common shares with face values of 3000 rubles and 50 million preferred shares with face values of 60 rubles.
		Raising Sberbank's capital by $10 billion would make it possible to increase the volume of credit financing for such state companies as Gazprom and RAO UES of Russia by $2.5 billion.
	www.kommersant.com /p715793/r_529/Sberbank_Prepares_Emission (750 words)

	Euro2day :: Sberbank poised for record Russian offering
		Sberbank will on Monday move a step closer to completing what could become the biggest share offering in Russian corporate history by taking the last orders for a deal seeking to raise up to $12bn.
		Sberbank, Russia's largest savings bank with branches, is seeking new capital to meet demand for loans from the country's fast growing consumer sector.
		Some market participants say Sberbank, which has a market capitalisation of $70bn, offers among the best exposures to the country's booming economy, with 62 per cent of the nation's retail deposits.
	www.euro2day.gr /articlesfna/28917500 (695 words)

	Newsvine - Report: Russian Bank Offering Lands $9B (Site not responding. Last check: )
		Kudrin was quoted by Interfax as saying that the OAO Sberbank board had set a price of $3,398 per share in the bank —; an influx of capital that will help it tap into Russia's boom in consumer lending.
		A spokesman for Sberbank could not immediately confirm the report; finance ministry officials could not be immediately reached.
		Sberbank's offering is the first major offering of what is expected to be a slew of listings by Russian companies this year on domestic and international markets.
	www.newsvine.com /_news/2007/02/21/578862-savings-bank-oao-sberbank-to-price-share (468 words)

	Euro2day :: Sberbank nears share issue of up to $12bn
		Sberbank, Russia's largest savings bank, was tallying the final orders on Monday from investors seeking entry to its issue of up to $12bn in new shares, a deal that could become the biggest offering in Russian corporate history.
		Sberbank management has so far sent conflicting signals on how it wants to price the issue, throwing the stock price into turmoil.
		Sberbank is the only liquid banking stock in the Russian market.
	www.euro2day.gr /articlesfna/28983136 (937 words)

	Micex \| News Room \| Sberbank of the Russian Federation and the MICEX have launched a pilot system of settlements ...
		Sberbank of the Russian Federation and the MICEX have launched a pilot system of settlements through the Internet on the basis of Sbercards.
		Sberbank has a high level of reliability, provides full guarantee in settlements, has a broad net of branches all over Russia, and has been able to introduce effective technological solutions which allow to organize Internet settlements.
		Clients will be able to do it in any of Sberbank branches equipped with readers of smart cards, or using their own computers if they purchase and install the reader.
	www.micex.com /press/issue_5984.html (786 words)

	Sberbank
		Sberbank achieved an international ranking of 66 (82 in 2006) and a country ranking of 1 in Russia.
		Current ratings assigned to Sberbank by international rating agencies.
		Sberbank Co-Arranges 12 Year $500 mln Syndicated Loan to LLC Khakas Aluminium Smelter
	www.sbrf.ru /eng/default.htm (0 words)

	Foreigners Buying Into Sberbank
		The Sberbank preferred shares rallied by over 50 percent in July before being sold off heavily on Tuesday, with their improving liquidity helping to narrow their discount to the ordinary shares, which gained around 20 percent.
		Sberbank preferred shares -- 50 of which are equivalent to one ordinary share -- closed on Tuesday at 310 rubles ($10.81), while the ordinaries ended at 22,171 rubles ($773).
		Sberbank has said that around 18 percent of its equity is held by foreign investors.
	www.themoscowtimes.com /stories/2005/07/28/047.html (264 words)

	The St. Petersburg Times - Business - Sberbank Leads Way With Interesting Move on Loans
		State-owned Sberbank has decreased the interest rates of ruble loans granted to individuals, and increased those of individual dollar and euro loans, Interfax reported Monday, in a move that is likely to have repercussions across the sector.
		This time Sberbank is likely to start a trend of increasing interest rates for dollar denominated loans,” Moukhine said.
		According to a Sberbank statement, the bank increased foreign currency mortgage interests from 11 percent up to 13.5-15.5 percent.
	www.times.spb.ru /index.php?action_id=2&story_id=18540 (523 words)

	Russia’s Biggest Lender Sberbank Plans to Raise $12Bln Through Sale of Shares - INVESTOR'S CORNER - MOSNEWS.COM (Site not responding. Last check: )
		Sberbank, the former Soviet savings bank that is now the biggest lender in Russia, is seeking to raise a record of nearly $12 billion in a sale of shares that began on Tuesday, Jan. 30.
		Sberbank is selling stock at all its branches, as Rosneft did in its $10.4 billion initial public offering in July.
		VTB, the second-biggest bank in Russia, will follow Sberbank in selling stock, with plans to raise about $4.6 billion in an initial public offering in May. The shares will be sold in London and Moscow as well as directly to Russian citizens, the VTB chief executive, Andrei Kostin, said this month.
	mosnews.com /money/2007/01/30/sberbanksharesale.shtml (752 words)

	Gateway To Russia - Article - RUSSIA: MOODY`S ASSIGNED RATING FOR SBERBANK (Site not responding. Last check: )
		The Ba1/NP deposit ratings, as well as the Baa3 rating of senior unsecured notes, are placed at the country ceilings for such ratings in Russia and are based solely on the issue of expected support in case of crisis, resulting from the bank's importance to the banking system as whole and from majority state ownership.
		Sberbank is the Russia's largest bank in asset terms, controlling over a quarter of total country's banking assets.
		Sberbank is headquartered in Moscow, Russia and reported total IAS-consolidated assets of RUB1.1 trillion (US$34.2 billion) at 31 December 2002.
	www.gateway2russia.com /st/art_153376.php (328 words)

	Foreign Cash Drives Sberbank Shares Up
		The market impact has been dramatic: Sberbank preferreds have rallied by half in a month to an all-time high of 303 rubles ($10.59) -- cutting their discount to ordinaries from 50 percent to 30 percent.
		But he has downgraded his rating on Sberbank ordinaries to 'sell' from 'hold', saying their record-breaking climb -- while less steep than the preferreds -- had taken them to at least their fair value.
		Sberbank has 19 million ordinary shares in issue, with a par value of 50 rubles, and 50 million preferred shares worth 1 ruble nominal.
	www.themoscowtimes.com /stories/2005/07/25/047.html (568 words)

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