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Russia's Largest Banks Face Sharp Rise in Loan Defaults

At Sberbank, the volume of mortgage loans showing signs of distress surged 90% between January and March.

Wave of Attempted Arson Attacks Hits Russia

Bank ATMs, malls, post offices, military enlistment offices, police vehicles and other government buildings have all been targeted.

Sberbank Opens First Full-Service Branches in Occupied Ukraine’s Kherson, Zaporizhzhia Regions

Sberbank was among the first Russian companies to be sanctioned over the invasion of Ukraine, leading to its complete withdrawal from the European market...

Russian Economy Shows Signs of Slowdown, Top Banker Warns

Sberbank CEO German Gref cautioned the Central Bank against "overshooting" its rates policy, making it "harder to return to the rails of economic growth...

Russia’s Sberbank Expects 22-23% Key Rate Hike

Central Bank Governor Elvira Nabiullina has warned of “more drastic changes” in monetary policy amid stubborn inflation.

Russian Lawmakers Urge Sberbank to Remove Rainbow Unicorn from Kids' Bank Cards Over ‘LGBT Symbols’

The State Duma’s Family, Women and Children Committee said that “rainbow symbols” are an attribute of the banned “international LGBT movement.”...

Russia’s Sberbank to Offer Corporate Client Services in Occupied Eastern Ukraine

“Starting June 25, we will begin servicing legal entities” in Ukraine’s Donetsk and Luhansk regions, a top manager at the bank told state media.

Russia’s Sberbank Posts Record $17Bln Profit in 2023

The preliminary financial results, released Wednesday, show the bank's recovery from a 75% drop in 2022.

Sberbank Sells Austrian Subsidiary, Completing Exit from European Market

The West-sanctioned bank said it plans to focus on operations in Russia and “in countries that are friendly and strategically important to us.”

Russia's Sberbank Launches Own Version of ChatGPT

Initially, the chatbot will be available to a small community of testers.

Russia's Biggest Bank Announces Huge 2022 Fall in Profits

Russia's Sberbank on Thursday announced its net profit dropped nearly 80% in 2022 in the wake of the Russian invasion of Ukraine.

Russia’s Sberbank Launches Operations in Annexed Crimea

Russia’s largest bank Sberbank is launching operations in Crimea for the first time since Moscow annexed the peninsula from Ukraine in 2014, Russian...

State Firms Gazprom, Sberbank Opt Out of Dividend Payout

Shares tumbled at both companies, which had previously predicted record payouts.

Russian Economy Faces 10 Years of Recession Without Reforms – Sberbank CEO

The comments reflect a pessimistic view of the Russian economy's chances at enduring Western sanctions unscathed.

Russia’s Sber Sells Off Digital Services to Evade Sanctions – Reports

Sber has sold its video, audio and sports streaming platforms, as well as its cloud technology and biometric system research center.

China’s Visa, Mastercard Alternative Backs Away From Russia – Reports

Russian banks planned to issue cards using UnionPay after Visa and Mastercard suspended operations last month.

Former Sberbank Senior Executive Flees Russia – Vedomosti

Lev Khasis is at least the fourth publicly known senior Russian executive to make an abrupt exit since Russia invaded Ukraine.

Russia's Largest Lender Sberbank Leaving Europe

European banking regulators said the European subsidiary of Sberbank would be wound up.

European Subsidiary of Russia's Sberbank to Enter Bankruptcy

Sberbank AG suffered financing issues following the announcement of tough European Union sanctions aimed at choking off Russian banks' access to capital...

Sberbank Accelerates Ecosystem Investment

The state-owned banking giant is pouring resources into its quest to become one of the country's leading internet companies.

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