Sberbank – THE OVAL CIRCLE

Russia set for record grain harvest – Sberbank

Posted on October 12, 2022October 12, 2022By Editor

High crop yields will increase the country’s export capacity and alleviate global prices, the Sberbank deputy CEO has said. … Read More >Russia set for record grain harvest – Sberbank

Russia lowers key rate as inflation drops

Posted on September 18, 2022September 18, 2022By Editor

The move by the central bank comes amid an improved economic outlook for the country. … Read More >Russia lowers key rate as inflation drops

Russian corporates fleeing the dollar

Posted on September 15, 2022September 15, 2022By Editor

Sber says the foreign-currency deposits of its biggest clients are down 94%. … Read More >Russian corporates fleeing the dollar

Ukraine to seize Russian banks

Posted on May 14, 2022May 14, 2022By Editor

The Kiev government decided to strip the property rights of Sberbank and VEB.RF. … Read More >Ukraine to seize Russian banks

US-born businessman arrested in Russia for multimillion-dollar fraud

Posted on December 11, 2021December 11, 2021By Editor

A St. Petersburg court has detained a US-born businessman on suspicion of large-scale fraud. August Meyer is a co-owner of Russia’s third-largest cosmetics chain, Rive Gauche, and e-commerce site Ulmart. … Read More >US-born businessman arrested in Russia for multimillion-dollar fraud

Russia’s top banker slams Zuckerberg’s metaverse as ‘unrealistic’

Posted on December 8, 2021December 8, 2021By Editor

Herman Gref, the head of Russia’s largest bank, SberBank, has criticized Facebook founder Mark Zuckerberg’s idea of creating a metaverse, or unified platform for virtual and physical things. … Read More >Russia’s top banker slams Zuckerberg’s metaverse as ‘unrealistic’

Russian banks nearly double profits in first half of 2021 – central bank

Posted on August 25, 2021August 25, 2021By Editor

The net profit of Russian lenders in January-July totaled 1.429 trillion rubles ($19.2 billion), which is nearly twice their earnings in the same period last year, the Central Bank of Russia reported. … Read More >Russian banks nearly double profits in first half of 2021 – central bank

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Taxi of the future? Russian banking giant Sber enters driverless race with fully autonomous, eco-friendly car

Posted on May 30, 2021May 30, 2021By Editor

A fully self-driving vehicle using rechargeable batteries that can be replaced in five minutes has been unveiled by a tech company owned by Russian bank Sber, and developers say it’s what a taxi would look like in the future. … Read More >Taxi of the future? Russian banking giant Sber enters driverless race with fully autonomous, eco-friendly car

Russia sees record share of cash-free transactions as it moves closer to cashless society

Posted on April 20, 2021April 20, 2021By Editor

The proportion of cashless payments reached a record high in the first quarter of this year, Russia’s largest lender, Sberbank, has revealed. Meanwhile, the central bank is eyeing even more cash-free transactions. … Read More >Russia sees record share of cash-free transactions as it moves closer to cashless society

Major Russian bank gets ready to launch its own cryptocurrency by spring

Posted on January 24, 2021January 24, 2021By Editor

Russia’s largest lender, Sberbank, has applied to the national financial regulator to set up a blockchain platform for its own digital token called Sbercoin. The project may be launched as early as this spring. … Read More >Major Russian bank gets ready to launch its own cryptocurrency by spring