DGAP-News: Sberbank: Sberbank Included in the World's 20 Strongest Banks
ID: 428583
Miscellaneous/Miscellaneous
Sberbank: Sberbank Included in the World's 20 Strongest Banks
22.06.2011 / 07:41
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Sberbank Included in the World's 20 Strongest Banks
June 20, 2011, Moscow - Sberbank of Russia ranks 20th in the World's 20
Strongest Bank rating published by Bloomberg Market Magazine in June.
Sberbank has become the only Russian bank to appear in this ranking. The
first line is occupied by Singapore Oversea-Chinese Banking Corp. (OCBC).
Out of all 20 positions, 5 lines are occupied by Canadian banks, Singapore
banks have managed to get three lines, and Brazilia and Hong Kong occupy
two lines each. The ranking includes banks with at least $100 billion in
assets based on performance in 2010.
'A high place in the world's strongest banks ranking is one more proof that
our team is on the right way,' - said Sberbank's President and Chairman of
the Board Herman Gref. 'Sberbank continues successful implementation of its
Strategy, whereby the bank should become a world's leading financial
institution.'
Bloomberg experts based their chose of the world's strongest banks on the
following criteria:
- tier 1 capital (criterion weight - 40%). According to the current
international standards, it should comprise at least 8% of the bank's
assets. The ranking leader - OCBC - has tier 1 capital of 16.3%, and
Sberbank - 11.9%.
- share of nonperforming assets in the total portfolio and provisions for
such assets (criteria weight - 20%);
- share of deposits in liabilities and bank's efficiency measured as a
comparison of costs against revenues (criteria weight - 15% and 5%
respectively). According to the said two criteria Sberbank was the
rating leader: Sberbank's costs make only 41.9% of its revenues, and
deposits make 88.3% of its liabilities.
Previously, Bloomberg included Sberbank in its three Best Grow Stock
leaders among the world's 30 major banks with the largest capitalization.
According to Bloomberg's data, the price of Sberbank shares increased by
25.5%. As of the end of the year, the bank's capitalization reached $76.1
billion, which is a 23.1% growth (YoY).
# # #
Sberbank of Russia
Alexander Baziyan
Public Relations
Tel. +7(495) 957 5721
Sberbank of Russia JSC is the largest bank in Russia, Central and Eastern
Europe, and its share includes about 30% of assets of Russian banking
system with about 240 thousand employees. Central Bank of the Russian
Federation is the founder and the major shareholder of Sberbank of Russia
JSC, owning above 60% of voting shares. Other shareholders include about
260 thousand individuals and legal entities. The Bank has the most
developed branch network in Russia: 17 territorial banks, about 20 thousand
branches and internal organization departments, as well as subsidiary banks
in Kazakhstan, Ukraine and Belarus, a branch in India, and a representative
office in Germany.
General license of the Bank of Russia to perform bank operations 1481.
Bank's official site - 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
End of News EquityStory.RS, LLC News-Service
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129364 22.06.2011Unternehmensinformation / Kurzprofil:
Datum: 22.06.2011 - 07:41 Uhr
Sprache: Deutsch
News-ID 428583
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