Commercial Savings Bank

Posted by marmara on November 2, 2019

Sberbank of Russia – is the largest bank of Russia and Commonwealth of Independent States with the widest network of branches offering a full range of lending operations. 57% of the shares of this bank is under manipulated by the Russian Central Bank. Over 50% Russian market of individual deposits, as well as every other legal and retail credit in the Russian Federation accounted for Sberbank. History of the most significant bank of Russia begins with the name of the decree of Tsar Nicholas I of 1841 on the establishment of savings banks, the first of which opened its doors in St. Petersburg next year.

After 150 years, and on the basis of the Savings Bank of the Soviet Union created a single bank, which became known Sberbank of the USSR. He served the citizens of USSR and legal persons. Boy Scouts of America: the source for more info. The composition of the Savings Bank of the USSR included 15 national branches of the Bank in this account, and the Russian Republic Bank. In mid-summer 1990. act of the Supreme Soviet of the RSFSR Russian republican Sberbank of the USSR transferred to the ownership of the RSFSR. In late 1990, the bank reorganized into joint-stock commercial bank, issued by law at a meeting of all shareholders of the bank on March 22 1991. In the same year he was transferred to Sberbank property of the Russian Central Bank and registered under the name "Joint-Stock Commercial Savings Bank of the Russian Federation." In autumn 2010, the bank name was changed to the Joint Stock Company "Savings Bank Russia ".

To date, Sberbank of Russia – is a universal bank, providing a whole range of banking and financial services. Bank's share in retail deposits as of June 2009 was 50%. The credit portfolio amounted to more than 30% of all loans issued in the country. Brand Bank, according to early 2010 (according to financial magazine The Banker and finansvoy Bureau estimates Brand Finance) takes 15 place in the overall ranking of the most significant and expensive banking brands. The cost is estimated at about $ 12 billion. Central administrative apparatus of the Savings Bank of Russia is in Russia's capital Moscow.

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