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SberBank history. SberBank is the historical successor of Savings Offices, which were established by the decree of Emperor Nicholas I, and later the State Labor Savings Offices. Below are the milestones in the bank’s history, which is closely linked with the course of Russian history.
- sberbank@sberbank.ru
What is Sber’s Code of Corporate Ethics and Business Conduct? It’s not just a guidance of behavior for each employee of our rapidly growing company; it’s also a wise mentor, a fount of knowledge, and a code of honor.
- sberbank@sberbank.ru
Sep 3, 2024 · In the complex world of finance, where state ownership and market forces collide, few institutions stand out as much as Sberbank, before February 2022 Russia's largest bank and one of the top 20 banks globally.
Jan 7, 2012 · Henry Hansmann has claimed we have reached the “end of history” in corporate law, organized around the “widespread normative consensus that corporate managers should act exclusively in the economic interests of shareholders.”
- Joseph Heath
- joseph.heath@utoronto.ca
- 2011
- Savings Offices in Tsarist Russia
- Centralized Banking in The Soviet Era
- Becoming A Joint Stock Company in The Early 1990s
- After The 1998 Crisis
- Further Reading
Tsar Nicholas I established the first private savings institutions in Russia in 1841 when he approved a statute "for the purpose of providing a means for people of every rank to save in a reliable and profitable manner." The next year, savings offices opened in the state treasury departments in Moscow and St. Petersburg. Over the next 20 years, abo...
In Vladimir Lenin's view, banks were an important framework for the building of a socialist society. He believed the ready-made big banks of capitalism could be converted into an effective apparatus for state control of the economy. However, banking activities ground to a halt in the chaos of the years immediately following the revolution. All comm...
In 1990, as the Soviet Unionwas falling apart, Boris Yeltsin, president of the Russian Republic, declared the Russian Republic Savings Bank (a unit of Sberbank) to be the property of the republic. Yeltsin worked with the bank's chairman, Pavel Zhikarev, to privatize the Russian Sberbank in 1991. It was organized as a joint stock company comprised o...
Amid the 1998 crisis, the Russian government introduced a program allowing depositors at the largest banks, such as Inkombank,SBS-Agro, MOST-Bank, and Menatep, to transfer their accounts to Sberbank and take advantage of the government deposit guarantee. However, dollar accounts would be transferred at an unfavorable rate based on the pre-crisis va...
Aris, Ben, "Central Bank Cracks on with Sector Reform," Banker, December 2002, p. 43. Belton, Catherine, "Sberbank's 1999 Profits Top $ 285M," Moscow Times, July 1, 2000. ——, "Sberbank Sues to Silence Its Critics," The Moscow Times, May 26, 2003. ——, "Too Much Cash Could Break the Bank," Moscow Times, May 27, 2003. Bush, Jason, "A Renaissance in Re...
Corporate governance at SberBank. The corporate governance of the bank has steady growth of shareholder value as its goal. Corporate governance code. Corporate governance system.
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Sberbank has had a Corporate Governance Code since 2002 that reflects its established corporate-relations traditions as well as the basic guidelines for implementing the best corporate governance practices.
