Sberbank

Russia's Central Bank urged to put ruble exchange rate under 'manual control'

Russia's Sberbank has proposed changing the central bank's foreign exchange market rules to give it more flexibility in managing the ruble's exchange rate, The Moscow Times reported on Aug. 21.

21 August, 01:58 PM

Russia’s largest state banks face surging defaults and deteriorating loan portfolios

Russia’s largest state banks, Sberbank and VTB, are battling a sharp deterioration in loan quality and surging defaults, forcing both giants to heavily increase their credit loss reserves, Ukraine’s Foreign Intelligence Service (SZRU) reported on August 6.

7 August, 08:48 AM

Russia's economy is under depressive pressure – Sberbank CEO

Russia's economy is already overheating in reverse, with high interest rates exerting further pressure and investment falling sharply, Sberbank CEO Herman Gref said, arguing the central bank's monetary policy has reached a dead end, Interfax reported on June 30.

30 June, 03:08 PM

Payments fail, cash dries up as outage cripples Russia’s biggest banks

A major outage disrupted the systems of Russia’s largest banks — Sber, VTB, Alfa-Bank and T-Bank — as well as the Central Bank’s Faster Payments System on April 3, leaving customers unable to make payments, transfer money or withdraw cash, The Moscow Times reported.

3 April, 06:21 PM

Ex-Party of Regions leader Yefremov gets Russian passport

Former Party of Regions faction leader Oleksandr Yefremov, who faces treason charges in Ukraine and fled to Moscow after the full-scale invasion, has obtained a Russian passport, Radio Liberty’s investigative outlet Schemes reported on Feb. 9.

9 February, 03:00 PM

Sberbank slashes jobs as economic instability grips Russia

Russia’s Sberbank has launched a large-scale layoff campaign targeting employees in its subsidiaries: Kooper, MegaMarket, SberLogistics, and Samokat. All four divisions are part of Ecom.tech, a team developing e-commerce solutions.

22 January 2025, 05:36 PM

Russia opens its banks in occupied Ukrainian territories, not just in Mariupol

Russia has begun opening branches of its banks in the occupied territories of Ukraine.

16 September 2024, 03:59 PM

Architect of Putin’s palace becomes top manager of Russia’s largest bank

Russia’s Sberbank appointed Lanfranco Cirillo, known as the architect of Putin’s palace near Gelendzhik, as senior vice president, creating a new Construction block for this role, Interfax reported on Aug. 1.

2 August 2024, 01:28 PM

Central Asian banks reject Russian payments, disrupting transactions

Banks in Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan are increasingly refusing to accept funds from Russian companies, according to a review of the activities of fuel and energy sector transportation companies Digital FEA, GTL, and Logita Trade, The Moscow Times reported on July 25.

26 July 2024, 01:24 PM

Russia’s Sberbank chief throws ‘noble’ tantrum at taxi drivers, locals hit back with scissors – Video

Russia’s Sberbank chief German Gref, apparently inspired by a newfound sense of nobility, decided to play “lord of the manor” and threw a royal tantrum with taxi drivers near Gorno-Altaysk airport.

10 June 2024, 02:12 PM

Sberbank