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Sberbank

Russian stocks struggle
Markets

Russian stocks struggle

MOSCOW: Russian equities largely lost ground, with flag carrier Aeroflot a notable exception, recovering to gain 5%...
Published 29 Mar, 2022 05:49am
FTSE 100 ends down
Markets

FTSE 100 ends down

LONDON: UK’s FTSE 100 fell on Monday after Western nations imposed tough new sanctions on Russia for its invasion...
Published 01 Mar, 2022 05:34am
'Pay with a glance': Russia's Sberbank rolling out face-recognition payments
Business & Finance

'Pay with a glance': Russia's Sberbank rolling out face-recognition payments

  • Sberbank is partnering with supermarket chain Magnit and plans to connect 100 stores in Moscow and Krasnodar to the service by June, the two companies said on Thursday. A pilot programme is already running in ten shops.
  • As banking margins shrink, Russia's largest lender is expanding in areas ranging from food delivery and taxi services to cloud computing and cyber security.
Published 22 Apr, 2021 06:42pm
Sberbank sees no need for fresh provisions on past loans, bets on stronger 2021 results
Business & Finance

Sberbank sees no need for fresh provisions on past loans, bets on stronger 2021 results

  • Sberbank set aside 541 billion roubles ($7.4 billion) in provisions for non-performing loans last year when the COVID-19 pandemic hit the Russian economy and some of its clients.
  • He added that Sberbank, which made a net profit of 781.6 billion roubles in 2020 under Russian accounting standards, will stick to its plan to channel at least 50% of net profit to dividend payments.
Published 16 Feb, 2021 07:41pm