Sberbank information (materials)
Development of the bank network and subsidiaries abroad
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- Indian branch
- Representative office in Germany
- Representative office in China
- Subsidiary banks
Development of the bank network and subsidiaries abroadAs of 1 January 2012 Sberbank had one foreign branch (India) and two foreign representative offices (Germany and China). Sberbank group includes 3 subsidiary banks (Kazakhstan, Ukraine and Belarus). In February 2012, Sberbank completed the acquisition of 100 % of Volksbank International AG, the eastern European division of Oesterreichische Volksbanken AG. The deal gave Sberbank access to markets in Austria, the Czech Republic, Hungary, Croatia, Slovenia and Bosnia - Herzegovina. Sberbank also acquired 99.145 % of the Swiss bank SLB Commercial Bank AG, which it plans to use as a base for developing its European business for syndicated lending and trade finance, as well as a number of other products for large corporate clients.
In 2011, the representative office helped organize significant negotiations, during which a framework loan agreement was signed with the leading German bank Commerzbank AG on financing the supply of capital goods and services from Germany to Russia with export credit agency cover. All-round support was provided during acquisition of Volksbank International AG. The representative office organized the meeting of the Club of Economic Wise Men, which was attended by leading individuals from German politics and business. It also organized the Bank's management participation in the European Finance Week, a major platform for meeting European political and business leaders as well as a number of other important events. Representative office in ChinaThe main tasks of Sberbank's representative office in China are to develop partnerships with Chinese banking, commercial and government structures in order to promote the business of Sberbank group and its clients in the region. In 2011, the bank actively worked with Chinese financial institutes on extending cooperation in the field of correspondent relations and trade finance. In December 2011, the representative office organized the Bank's presentation in Beijing for representatives from Chinese financial institutions with the participation of regional and three subsidiary banks of Sberbank. The presentation was the first event that Sberbank had held of such a scale in China and attracted great interest from Chinese business circles and government authorities. Subsidiary banksIn 2011, the focus for subsidiary banks was to build their banking business as part of the single Sberbank system. In April, the Single Tariff Area project began. Under this program, holders of international bank cards from any of the Group's banks can be served in any the Group's banks at loyalty tariffs. The program for introducing credit risk management technology, Loan Factory, has been opened in subsidiaries. All subsidiaries have implemented the program CRM Siebel. Oliver Wyman's new credit process has begun to be implemented. The subsidiaries are included in the program for integrating Group risk management. Key decisions have been taken on integrating the IT systems of subsidiary banks, including the list of common technological IT platforms. SBERBANK OF RUSSIA OJSC (Ukraine) The subsidiary bank is one of the fastest growing Ukrainian banks. The bank's assets22 for 2011 increased by 79 % to 67.8 billion rubles and the loan portfolio increased by 104% and reached 50.3 billion rubles. The branch network grew to 130 units. At the end of 2011 the National Bank of Ukraine included SBERBANK OF RUSSIA OJSC in the group of leading Ukrainian banks in terms of assets. Over the year many of the bank's national market rankings have improved: in terms of net assets the bank moved from 22nd to 17th place, for loans to retail clients from 19th to 11th, for funds of legal entities from 22nd to 15th and for funds of retail clients from 24th to 17th. The subsidiary bank, as before, has one of the highest growth rates for main bank indicators among its competitors in the Ukrainian market. Over the reporting year, the bank's activities were profitable, which enabled it to earn 923.5 million rubles net earnings. In 2011, bonds to the value of 750 million hryvnia (about 3.0 billion rubles) were issued and placed. In order to support the high development rate of the Ukrainian subsidiary in accordance with its business plan, in September 2011 Sberbank of Russia acquired additional shares in the subsidiary bank to the sum equivalent to 107 million US dollars. Subsidiary Bank Sberbank OJSC (Kazakhstan) The subsidiary bank has been operating in Kazakhstan for 5 years, it has 95 divisions in the country and its head office is in Almaty. It has a client base of over 15 thousand business and 222 thousand retail clients. The bank has 1,600 ATMs and self-service terminals. In 2011 the bank made net earnings of 1.5 billion rubles. The loan portfolio of legal entities increased by 114 % and for retail clients by 105 %. The Kazakhstan bank has the largest assets in the international Sberbank network. In the ratings for second level banks in the financial system of Kazakhstan, the subsidiary bank is 4th in terms of profit, 7th for asset size and 8th for the size of its equity capital. In 2011, the subsidiary bank was awarded the status of US dollar market-maker on the Kazakhstan Stock Exchange (KASE) and the additional status of ruble market-maker. A significant growth in active operations led to a decrease in the capital adequacy ratio from 17.2% to 12.4%. Therefore, the bank began taking steps to increase capital adequacy: it issued subordinated bonds and an additional equity issue. In 2011, the Committee for the Control and Supervision of the Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan registered the second bond issue prospectus of DB AO Sberbank for 100 billion tenge. The issue was entered on the State Register of Securities. BPS Sberbank OJSC (Belarus) The subsidiary bank's client base consists of over 29 thousand business and 1.5 million retail clients. The branch network has 195 divisions. The bank occupies 3rd place on the financial market of Belarus in terms of assets, loans and client funds. In 2011 BPS-Sberbank OJSC earned a net earnings of 1.8 billion rubles, the loan portfolio more than doubled in the national currency. The bank's share in the Belarus banking sector grew over the year: assets from 7.7% to 9.8%, corporate client loans from 8.2% to 10.3%, individual deposits from 9.3% to 10.7% and profit before annual adjustments from 8% to 10%. Due to the difficult situation of the Belarus market in 2011, the subsidiary bank took a number of anti-crisis measures to ensure stable operations. These included a limit on loan portfolio growth, active work on preventing a growth in outstanding debts, the creation of additional reserves, capital growth through profit capitalization and obtaining subordinated loans. In 2011, work began on bank rebranding which included the bank changing its name from BPS-Bank OJSC to BPS-Sberbank OJSC.
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