Who owns Sberbank of Russia? Who is the owner of Sberbank of Russia?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The history of the largest bank in the country - Sberbank - has about 170 years. The leader of the Russian banking system was the successor to the Savings Banks, whose foundation dates back to 1841. The stable operation of a financial institution is guaranteed by the state itself, since it is he who owns a controlling stake in the face of the Central Bank of the Russian Federation.

Wide scope

Sberbank of Russia is the only financial institution of its kind that offers its services throughout the country. Bank branches are located not only in almost every city of the state, but also successfully operate in the CIS countries, Germany and Switzerland, China, Turkey and India. The range of financial services offered is very wide, which makes it possible to classify the institution as a universal one. The partnership provides traditional deposits and a variety of loans, bank cards and money transfers, insurance and even brokerage services. Back in 2013, about 43.3% of all household deposits fell to the share of a financial enterprise. As for the volume of the state loan portfolio, it accounted for 32.7% and 32.1% (loans to individuals and legal entities). Citizens of the country are willing to cooperate with the enterprise and do not even think about the question of whether Sberbank is a Russian bank.

Innovation in a financial institution

Sberbank has always tried to keep up with the times, improving the quality of customer service and trying to offer them innovative products. The financial institution has done a good job of giving its customers the ability to manage their accounts remotely. Thanks to remote channels, such as Sberbank Online online banking and the Mobile Bank SMS service, it has become much easier to distribute your funds and control financial flows. It is Sberbank that owns the largest network of ATMs and terminals throughout the country. The active participation of the institution in various social programs that stimulate the development of national science and culture was noted. For most, it simply does not matter who owns Sberbank of Russia, as its management and owners are doing an excellent job with all tasks.

Monopoly or the result of legitimate efforts?

Sberbank belongs to the category of commercial financial institutions and at the same time is the largest bank in Russia. In accordance with the latest research, the institution deservedly bears the status of the most sought-after and reliable financialinstitute of the Russian Federation. According to statistics, every second investor in the country is a client of the institution. The situation is similar with loans. More than 30% of loans in the state are issued through the Security Council of the Russian Federation. It is incorrect to say that the bank acts as a monopolist. The history of the development of a financial organization in the coming decades will reach the mark of 200 years. The institute's own capital is about 1.6 trillion rubles. Considering the question of who owns Sberbank of Russia, we can say that it does not have a single owner, moreover, almost anyone can purchase part of the shares of a large financial structure.

Who is the owner of the bank?

The main owner of the financial institution is the Central Bank of the Russian Federation, in fact, the domestic government. Its share within the authorized capital of the bank is 50%, but plus one voting share. If we evaluate the percentage of ownership in voting shares, then it will be equal to 52.32%. Less than half of the shares are owned by 270,000 different individuals. One tenth of the shares is owned by individuals. A quarter of the shares of the financial institution is owned by foreign investors. It is very problematic to say unequivocally who the owner of Sberbank of Russia is, since the shares of the institute have been systematically bought and sold on the MICEX and RTS exchanges since 1996. In the first quarter of 2007, the bank's management decided to issue an additional auction paper, which allowedto increase the authorized capital of the enterprise by 12%. In monetary terms, this figure corresponds to 230 billion rubles. It can be noted that about 40% of all transactions within the MICEX are directly related to the shares of the country's largest financial institution.

Why is it problematic to answer the question of who owns Sberbank?

Due to the fact that less than half of Sberbank's shares are in free float, it is very problematic to reliably name its owners. This information can be provided by employees of a financial institution, and even then only if the person interested in this information intends to purchase shares of the organization. The list of those who own Sberbank of Russia is also systematically changing for the reason that the purchase of the shares of the latter, in most situations, is carried out for the purpose of earning. This leads to a constant change of owners. Today, the strategic and operational management of the institute is carried out simultaneously by three authorities: the Meeting of Shareholders, the Supervisory Board and the Bank's Management Board. The post of chairman of the board belongs to German Gref.

What does federal law say?

As of November 1, 2014, the Central Bank of the Russian Federation owns 52.32% of the voting shares of Sberbank. If we consider in detail the question of who owns the Central Bank of Russia, we can note the “guardianship” of the state over Sberbank. About 47.68% of shares are in public circulation today. Under federal law number 86,a reduction or alienation of the CBR's stake in the authorized capital of Sberbank, which will lead to a reduction in the share of shares to a level of less than 50% plus one voting share, can only be carried out on the basis of the federal law itself. It is allowed to reduce the share of the Central Bank of the Russian Federation in the authorized capital, which will not lead to a reduction in the number of shares to a level of less than 50% plus one voting share. This decision can only be made after prior agreement with the Government of Russia.

First equity change

Before the decision to sell part of the shares of Sberbank of Russia in 2012, the Central Bank of the Russian Federation owned about 60.25%. Only 39.75% of the shares were in public circulation. Despite the change in the percentage of owners of a financial institution, it is problematic to answer accurately and unambiguously the question of who owns Sberbank of Russia. We can say that important decisions have been and are being made by the state represented by the Central Bank. The rest of the shares are not aimed at the division of ownership, it serves to increase the profitability of the financial institution.

How to buy shares of Sberbank?

Shareholders of Sberbank of Russia, as mentioned above, have been buying a stake in the ownership of the country's largest financial institution since 2006 on the domestic stock exchanges MICEX and RTS. Today, securities are traded on the Moscow Exchange and on the London Stock Exchange. You can become a shareholder by contacting any bank branch located in the region of residence. Registration of ownership is carried out in the presence of a document confirming the identity of a citizen of Russia. When buying shares on the stock exchange, it is worth knowing that their value can change dramatically not only within a few days, but repeated changes in price can be fixed within a day. Considering the question of who owns the shares of the Savings Bank of Russia, we can talk about a large number of people, the list of which is constantly changing. People don't view stocks as ownership of the nation's largest financial institution, but more as a trading instrument that sells and buys for a steady income.