Sberbank of Russia

Report
Sberbank Europe –
Building Bridges to Eastern Business
Clemens Pramböck
25 October 2013
1
Sberbank Group – the largest bank of Russia




Sberbank of Russia is the largest bank in Russia that accounts for almost one third of
all Russian banking sector assets.
The Central Bank of the Russian Federation is the founder and major shareholder of
Sberbank, owning 50 % of the total share capital plus one voting share. Other shares
are held by more than 245,000 individual and institutional investors in Russia and
internationally.
In February 2012, Sberbank completed the acquisition of Volksbank International AG.
In September 2012, Sberbank completed the acquisition of DenizBank AS which is
ranked 6th among private and 9th among all Turkish banks by consolidated total
assets.
Central & Eastern Europe
Sberbank Europe AG
●100.0% stake.(2,2% of Group’s assets)
●Headquartered in Austria; 280 branches in
8 countries: Croatia, Czech Republic,
Slovakia, Bosnia-Herzegovina, Hungary,
Slovenia, Serbia and Ukraine
Representative offices:
● Germany
● China
Trading platforms:
● London
● New York
Branch:
● India
Wholly-owned subsidiary:
● Sberbank (Switzerland) AG
Ukraine
Sberbank of Russia JSC
●100.0% stake
●0.6% of Group’s assets
●1.8% market share by assets
Belarus
JSC BPS-Sberbank
●97.9% stake
●0.8% of Group’s assets
●# 3 by assets
●9,8% market share by assets
Kazakhstan
SB JSC Sberbank
● 100.0% stake
● 1.0% of Group’s assets
● # 6 by assets
● 4,6% market share by assets
Turkey
DenizBank AS
● 99.85% stake
● Headquartered in Turkey
● Nearly 600 branches; 2,370 ATMs; 110,324 POS
2
terminals
Sberbank of Russia:
Ownership Structure & Key Financials
Ownership Structure
Domestic
Institutional
4.1%
Domestic Retail
4.5%
Key Financials (as of 31.12.2012)
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Assets, total: EUR 368.4 bn

Equity, total: EUR 39.6 bn

Gross loans to corporates: EUR 200,7 bn

Gross loans to individuals: EUR 69.2 bn
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Net income: EUR 8.4 bn
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ROA: 2,7 %
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ROE: 24,2 %
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Net Interest Margin: 6,1%

Tier I CAR (Basel 1): 10,4%

Total CAR (Basel 1): 13,7%
Free float
50.00% 1 ordinary share
33.8%
Foreign
Free Float
Institutional
50.00% +
150.0%
ordinary share
+ 1 share
Central
Central
Bank
Bankof
of Russia
Russia
7.58% sold by the CBR
(Central Bank of Russia)
3
SOURCE: latest audited IFRS financial statements, as of Dec. 31, 2012. Exchange rate as of Apr. 16, 2013: EUR 1 = RUB 40.9774
Sberbank - one of the largest banks
Market capitalization as of April 2013, in USD billion
Europe
BRIC
World (by ROE – 5Y Avg.)1
4
1 Among top-50 world banks by market capitalization as of April 23, 2013; Average ROE for the past 5 years
SOURCE: Bloomberg as of Apr 8, 2013, latest audited IFRS financial statements, except local GAAP for Indian banks and Banco do Brazil
Sberbank’s distribution, scale
and market position in Russia
Largest Branch Network Among Russian Banks by Fat1
Notable facts as of March-2013
>110 m
>78,000
82%
>1.0 m
Sberbank’s share of Russia’s banking sector
~2 bn
~4 m
>10 m
>6 m
▪
Retail clients, out of a total population of
~143 m
▪
ATMs and self-service terminals - one of
the largest single bank-owned networks
globally
▪
Retail transactions executed via remote
channels3
▪
Corporate lent to clients out of 4.3m
businesses in Russia
▪
Transactions processed for individual
clients annually
▪
Visitors to Sberbank’s outlets daily
▪
Active mobile banking users
▪
“Sberbank Online” active users
(1) Including branches and other outlets
(2) Includes VTB24, Transcreditbank and Bank of Moscow
(3) Counting only retail transactions that can be executed in person at a branch or remotely
Source: Rosstat, Sberbank’s operating statistics and calculations on the basis of statistics from CBR as of 31-Dec-2012. Sberbank operating
statistics for the respective periods.
5
Facts & Figures –
Sberbank Russia and Sberbank Europe
Sberbank Russia
Sberbank Europe
110 million 490.000
retail customers
1 million
corporate clients
USD 586 billion (EUR 368,4 bn)
retail customers
62.000 micros and
17.000 corporate clients
EUR 9,9 billion
total assets
total assets
249.000
4.500
employees in Russia
employees in CEE
+ 41.000 in subsidiaries
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Sberbank Europe Group:
9 countries – 280 branches – 4,500 employees
Sberbank Czech
Republic
Sberbank Ukraine
Sberbank Slovakia
2013
Branches
Employees
Assets
Year of foundation
24
662
EUR 2.430 m
1993
2013
2013
Branches
Employees
Assets
Year of foundation
Branches
Employees
Assets
Year of foundation
41
586
EUR 1.748 m
1991
48
542
EUR 226 m
2007
Sberbank Slovenia
2013
Branches
Employees
Assets
Year of foundation
12
209
EUR 1.082m
1993
Hungary
Sberbank Croatia
2013
2013
Branches
Employees
Assets
Year of foundation
Branches
Employees
Assets
Year of foundation
31
432
EUR 1.082 m
1997
Sberbank BosniaHercegovina
Sberbank Banja Luka
Sberbank Serbia
2013
Branches
Employees
Assets
Year of foundation
21
248
EUR 342m
2007
53
687
EUR 1.893 m
1993
2013
2013
Branches
Employees
Assets
Year of foundation
25
342
EUR 346 m
2000
Branches
Employees
Assets
Year of foundation
26
506
EUR 891
7m
2003
Sberbank in CEE
Trade Finance Centers
Prague,
Czech Republic
Bratislava,
Slovak Republic
Vienna,
Austria
Budapest,
Hungary
Ljubljana,
Slovenia
Zagreb,
Croatia
Sarajevo,
Bosnia & Herzegovina
Belgrade,
Serbia
Trade Finance is represented in all SBEU countries,
with dedicated and experienced Trade Finance staff.
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Sberbank in Russia & CIS countries
Trade Finance Centers
European centers in Russia:
- Moscow (Head office + Moscow Bank)
- St. Petersburg
- Bryansk
- Nizhniy Novgorod
- Rostov-Na-Donu
- Samara
- Stavropol
- Voronezh
- Yaroslavl
Siberian centers in Russia:
- Yekaterinburg
- Irkutsk
- Khabarovsk
- Krasnoyarsk
- Magadan
- Novosibirsk
- Perm
- Tyumen
Minsk,
Belarus
Kiev,
Ukraine
Istanbul,
Turkey
Almaty,
Kazakhstan
Nearly every city/small town/village in Russia
has a presence of Sberbank and, thus,
access to the banking products of Sberbank
and to the knowledge of dedicated
9
centers of competence.
Trade Finance Product Offer
Letters of Credit
Documentary
Collections
Purchase of
Receivables
Guarantees
What is it
that interests you most?
Accounts &
Payment Services in local
currency, EUR, USD and RUB
Supply Chain
Finance
ECA-covered
transactions
Corporate Product Offer
Global Markets Product Offer
•
•
•
•
•
•
•
•
•
•
•
•
Overdraft facilities
Term Loans
Pre-export finance
Real Estate finance
Acquisition finance
…
F/X Hedging
Interest Rate Hedging
Commodity Hedging
Structured Deposits
Securities Trading / Brokerage
Debt Capital Markets
10
Trade Finance
Documentary Business
1
1
Buyer
(Importer)
Seller
(Exporter)
Pre-contractual work
6
Product shipment
Application for
L/C
Documents
presentation
2
7
5
10
Payment
L/C is advised/
confirmed
14
Paid documents
Issuing L/C
Check of documents
4
9
13
Payment
Letter of Credit (МТ 700)
3
Buyer's bank
(Issuing bank)
11
Payment request
12
Seller's bank
(Paying bank)
Documents check
8
Documents
11
Trade Finance
ECA-covered Transactions
AGREEMENT
1
4
10
L/C documents
are provided
L/C is issued
MEHIB
Payment
of up to
85%
2
5
Loan repayment
9
Loan agreement
7
Delivery
Loan (debt invoicing)
8
Foreign Importer
Prepayment min 15%
Application for L/C
Hungarian exporter
10
11
3
Interbank agreement
Sberbank Hungary
L/C is issued
Loan (debt invoicing)
Loan repayment
2
6
Buyer's bank
10
11
12
Our partners in international trade
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Contact Details
Csaba Simon
Head of Trade Finance
T +36 (1) 327 8895
F +36 (1) 328 6576
[email protected]
Tibor Hipszki
Senior Manager
T +36 (1) 328 6344
F +36 (1) 328 6576
[email protected]
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