DGAP-News: Sberbank: Sberbank of Russia Published its First Report on Corporate Social Responsibility
ID: 418372
Miscellaneous/Miscellaneous
Sberbank: Sberbank of Russia Published its First Report on Corporate
Social Responsibility
03.06.2011 / 09:43
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Sberbank of Russia Published its First Report on Corporate Social
Responsibility
Moscow, June 3, 2011 - This is the first Report on Corporate Social
Responsibility (RCSR) that Sberbank submits at the Annual General Meeting
of shareholders. The report was prepared in accordance with to the
international standard GRI (Global Reporting Initiative), and corresponds
to the application level C. The CSR report uses data from Sberbank's FY2010
IFRS financial accounts.
Sberbank seeks to achieve financial and corporate goals, based on the
principles of responsible business management. The CSR report reflects on
the links between Sberbank's Mission and Development Strategy through 2014,
as well as Corporate Social Responsibility. For the first time, the report
reveals key information on activity of Sberbank in the field of development
strong relations between the Bank and all parties interacting with the
Bank: clients, employees, the State, society, shareholders, and investors.
In the CSR report, Sberbank discloses quantitative and qualitative
information on its activity in the area of corporate responsibility.
'Sberbank is deeply integrated into the Russian economy and society', said
Herman Gref, Sberbank's Chief Executive Officer and Chairman of the Board.
'The scope of this integration determines the degree of our responsibility
towards our clients, shareholders, employees and the whole country. All
things we do affect them, explicitly or implicitly. And vice versa, all
changes implemented either in the economy or in the social environment are
powerful incentives for changes in the Bank', he said.
Sberbank adheres to the socially responsible development of its business,
and plans to publish its reports in the area of social responsibility on
the regular basis.
Supplementary information (quotations from the CSR Report)
- According to the new corporate medical insurance system, all Sberbank's
employees were insured against accidents and serious diseases: 90% of
employees underwent complex medical examinations, and about 35% of them
signed contracts of voluntary medical insurance.
- In 2010, Sberbank, taking into consideration the drought and the
consequences of financial crisis, lowered interest rates on loans to
agricultural producers issued for a total of RUB21.2bn, and
restructured 15,670 loans to individual borrowers, whose outstanding
liability reached RUB6.82bn as of January 1, 2011.
- The effect of implementation the innovative by Sberbank and
rationalization proposals exceeded RUB1bn.
- In 2010, about 70% of Sberbank's employees received professional
training: 165 thousand employees of territorial banks and 2.7 thousand
employees of the central management.
- Within Sberbank's joint charitable program with the Gift of Life Fund,
225 thousand 'Gift of Life' Visa cards were issued. In 2010, under the
program, RUB22.2m were transferred to the Gift of Life Fund from
Sberbank and over RUB9m - from card holders.
- For the last two years, Sberbank's central management alone sent for
recycling 628 tons of used paper and cardboard.- Sberbank's Committee for communications with minority shareholders in
2010 held 6 field meetings in territorial banks, in addition to monthly
meetings held in Moscow. In general, over 1,000 minority shareholders
took part in these meetings via videoconferences.
- In 2010, publication of the reporting was accompanied by over 250
meetings, 150 conference calls with investors and analysts, and 4
teleconferences.
- Sberbank adheres to the development of socially focused products:
- pension savings make a third of the Bank's deposits - RUB1.8
trillion;
- educational loans were issued in the amount of RUB195m;
- pension loans were issued in the amount of RUB8bn;
- under the 'Young Family' program, 72 thousand loans were issued for
a total amount of RUB61.7bn.
- 2112 service outlets for handicapped people were launched, 16% more
than in 2009.
- In 2010, over 3 thousand of Sberbank's employees participated in more
than 100 regional charitable events.
- Sberbank renders assistance to 149 sponsored children's institutions.
In 2010, Sberbank rendered assistance in the amount of RUB120.5m.
- As of the beginning of 2011, Sberbank issued loans to subjects of the
Russian Federation in the amount of RUB127.9bn, and in the amount of
RUB24.9bn - to municipal institutions.
- As of the beginning of 2011, Sberbank invested RUB149.4bn in
sub-federal municipal bonds.
# # #
Sberbank of Russia
Public Relations Department
tel. +7(495) 957 5721
media@sberbank.ru
Sberbank of Russia is the largest bank in Russia, Central and East Europe;
it controls about 30 per cent of the Russian banking system assets, and
engages about 240 thousand employees. Central Bank of the Russian
Federation is the founder and the major shareholder of Sberbank of Russia,
owing over 60 per cent of its voting shares. Sberbank's shareholders
include over 260 thousand individuals and legal entities. The bank has the
most ramified branch network in Russia: 17 territorial banks, about 20
thousand branches and internal structural divisions, and affiliated banks
in Kazakhstan, Ukraine and Belarus, a branch in India, and an office in
Germany.
General banking license # 1481; issued by Bank of Russia.
Official website of Sberbank: www.sberbank.ru
End of Corporate News
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Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russland
Phone: +7-495-957-57-21
E-mail: media@sberbank.ru
Internet: www.sberbank.ru
Listed: Foreign Exchange(s) MICEX, RTS
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Datum: 03.06.2011 - 09:43 Uhr
Sprache: Deutsch
News-ID 418372
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