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Sberbank of Russia
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Sberbank of Russia

by Jennifer DemirJune 5, 2017
Overview
Founded

1841

Headquarters

Moscow, Russia

Phone Number

7 495 957 5862

Website

http://www.sberbank.ru/

Sberbank of Russia

Sberbank of Russia provides corporate and retail banking solutions to corporate clients, small businesses, financial institutions, and individuals. The company offers various deposit products comprising fixed-term, settlement, and online deposits, as well as savings certificates, trace accounts, and certificates of deposit. It provides consumer, education, mortgage, car, refinance, working capital, business startup, and contract loans; and overdraft, as well as loans for new projects, and buying equipment and real estate properties. The company also offers loans to constituent entities and municipal units of the Russian Federation, defense industry companies, and agricultural companies; and carbon, trade, development project, lease transaction, and trade finance products, as well as bank guarantees and interbank lending services. In addition, it offers credit, debit, gift, and social cards, as well as cards with individual design and corporate cards; bills and structured products; and leasing services and corporate insurance. Further, the company provides brokerage, custody, mutual fund, asset management, money transfer, payment, safe deposit box rental, cash management, remote banking, cash collection, business management, international business and currency control, global market operation, investment banking, merchant banking, and Russian rouble clearing services, as well as metals accounts, precious metal and coins, and insurance and pension programs. As of December 31, 2016, it had 14 regional head offices, 79 branches, and 15,016 sub-branches. The company carries out banking operation in the Russian Federation, Turkey, Ukraine, Belarus, Kazakhstan, Austria, Switzerland, and other countries of Central and Eastern Europe, as well as branch office in India, and representative offices in Germany and China. Sberbank of Russia was founded in 1841 and is headquartered in Moscow, the Russian Federation.

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About The Community Member
Jennifer Demir
History of banking: Banking began with the first prototype banks of merchants of the ancient world, which made grain loans to farmers and traders who carried goods between cities. This began around 2000 BC in Assyria and Babylonia. Later, in ancient Greece and during the Roman Empire, lenders based in temples made loans and added two important innovations: they accepted deposits and changed money. Archaeology from this period in ancient China and India also shows evidence of money lending activity...

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