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Sberbank
Home Page of Sberbank

With Russia enjoying a slow start to 2017 thanks to the recession, it’s tough for banks to remain calm amidst the storm. For Sberbank, the situation is no different even though the bank is owned by the State. With an automatic bailout in its back pocket, having a solid foundation is only a small part of being a successful bank. The sound management and interaction with customers also play a vital role in the survival of the bank. As the biggest bank in Russia based on asset value, we have a look to see how the bank compares to its competitors. Will it meet the mark?

History of Sberbank

Sberbank
Screenshot of Sberbank's History

Sberbank was founded in 1841 after a decree by the Russian Emperor, Nikolai I to form savings bank outlets in Moscow and St. Petersburg. Furthermore, the bank’s first customer was a royal court counselor named Nikolai Antonovich Kristofari. The bank garnered a lot of support from the locals and by 1860 was receiving up to 500 depositors a day. Furthermore, the banking services were for all citizens, including peasants, the gentry, merchants, the military, officials, and clergy.

From 1865 to just before the turn of the century, Sberbank managed to increase its market share. It also experienced remarkable growth. It started off with a modest 47 branches, which skyrocketed to close to 4,000. Furthermore, the savings account passbook holders topped the 2 million mark. It was in 1895 that the bank decreed a commercial secrecy guarantee to its customers. It was also at this point where a child trust account and a savings deposit to defray funeral costs were introduced.

The period up to the First Revolution was one of prosperity and financial awareness for the general public. The bank managed to grow its book to 2 million savings account passbooks. Furthermore, there were just under 4,000 branches at this time.

With the first revolution came fundamental changes on the policy of the bank. The need arose for the bank to start making money transfers, and issuing bonds also made its way into the banking system. Furthermore, it was during this period that interest-bearing securities found their way into the savings bank outlets.

After the first revolution, Sberbank had another challenge to face, WWII. It was during and after this period that the bank started contributing the projects of national and global significance. Furthermore, a new Savings Bank Charter was adopted.

The golden era from the 50s through the 80s allowed the to double its outlets. It was also during this period that Russia experienced the Soviet thaw, stagnation, and perestroika years. This did nothing to hinder the growth of the bank, as there was a 12-fold growth in the number of customers.

The 90s through the new millennium was a time to embrace the multiple technological advancements that took place during this period. It was also during this time the Sberbank was forced to adapt to the new economic reality. The first ATMs made their appearance and online services became a reality. Sberbank also developed a deeper understanding of long-term products, and the Private Pension Fund was born.

Of the major banks in the world, Sberbank was one of those that were able to weather the economic crisis. Furthermore, it climbed up the rankings and landed a safe spot in the Top 20 largest banks globally listings. The bank also managed to save customers a large portion of their money by cutting certain loan fees. With such as a strong history, it’s no wonder that the bank managed to maintain such a high position in the Russian economy.

Access to Sberbank

Online Banking

Sberbank
Screenshot of Sberbank Online Banking Login

Customers have full access to online banking and are able to perform a number of transactions. Certain account and loan products can also be applied for online.

Branches

The currently has over 16,000 branches in all 83 of the constituent entities of the Russian Federation. 70% of the Russian population uses Sberbank. Furthermore, the bank offers both traditional and modern banking services and products.

A bank that focuses on streamlining their electronic range and create a cash-free society is National Australia Bank.

Sberbank Individual Clients Product Offerings

Sberbank
Screenshot of Personal Banking Product Range Sberbank

Current Accounts

Basic Current Account

This account allows the deposits of foreign currencies. Furthermore, there is a monthly maintenance fee payable on the account.

  • Customers have access to online banking.
  • Furthermore, this account allows customers to link a credit card as well.
  • Also, the account provides customers with a debit card.
  • Finally, customers can request standing orders and will receive SMS notifications on certain transactions.

Jednostavno Current Account

This is an account package that includes all the standard service. Furthermore, there are innovative products that ease the home budget and saves clients time.

  • Customers have access to a dinar and foreign currency account.
  • Furthermore, a debit card will be linked to the account.
  • Also, the package includes debit cards and SMS notifications.
  • Finally, customers have access to online and mobile banking.

Jednostavno Plus Current Account

Not only does this account provide all the standard services, it also provides innovative products and services. Furthermore, these allow customers to save on their personal budgets.

  • The account provides customers with access to a dinar and foreign currency account.
  • Furthermore, customers will have access to a debit card.
  • Also, the account provides access to SMS notifications and standing orders.
  • A MasterCard Standard Credit Card also forms part of the package.
  • Customers will have access to online and mobile banking.
  • Three unique services including a Doctor on the Phone, A Handyman, A Friend on the Road.
  • Finally, the package also includes a “Good Morning” Savings account.

Consumer Loans

Unsecured Personal Loan

This option is the ideal choice for those who need a loan with a fast turnaround time. Furthermore, the loan term can be up to 5 years.

  • The loan is up to a maximum of 1,5 million roubles.
  • Also, the interest rate is at 20%.
  • Finally, the turnaround time is usually a maximum of 2 business days after the bank receives all the required documents.

Personal Loan Under Personal Surety

This loan is suitable for those who need a fairly high loan amount. Furthermore, the turnaround time for the application is usually 2 business days after the bank received all the required documents.

  • The maximum loan amount is 3 million roubles.
  • The loan carries a minimum interest rate of 19.5%.
  • Also, customers can choose a repayment term of up to 5 years.

Personal Loan Secured by Real Estate

This loan type is suitable for those who have equity in their property to secure a loan. Furthermore, customers can borrow up to 10 million roubles. Finally, the loan term can be up to 7 years.

Loan to Private Smallholders

This option is a suitable loan program for smallholders. It provides a subsidy of a part of the interest rate out of budget funds.

  • The loan amount for up to 2 years is between 15,000 and 300,000 roubles per smallholding.
  • The loan amount for up to 5 years is between 15,000 and 700,000 roubles per smallholding.
  • Furthermore, there are no fees on these loans.

Find out how this range compares to that of Societe Generale.

Mortgages

Buying Finished Residential Property

This loan type is suitable for those who wish to purchase an apartment, house, or other residential property. Furthermore, this is for properties on the secondary real estate market.

  • The loan amount should be a minimum of 45,000 roubles.
  • Also, the initial installment starts from 20%.
  • Finally, customers may apply for a loan term of up to 30 years.

Buying Residential Property Under Construction

This type of loan is ideal for those who wish to purchase their properties off plan. Furthermore, this is suitable for an apartment or other residential property.

  • The minimum loan amount on this is 45,000 roubles.
  • Also, the initial installment starts at 20%.
  • Finally, customers can choose a repayment period of up to 30 years.

Mortgage with Maternity Lump Sum Allowance

This loan type allows customers to make an initial installment or part of it with their maternity lump sum allowance. Furthermore, customers can choose between properties is the Finished Residential or Residential Properties under Construction categories.

Military Mortgage

This loan type provides military personnel with the access to a savings and mortgage system. Furthermore, they will have the opportunity to purchase a residential property at a reduced interest rate.

  • Customers can apply for loan amounts up to 1,9 million roubles.
  • Also, the loan term is up to 20 years.
  • Finally, customers are required to put down an initial installment of at least 10%.

Credit Cards

A bank that offers an incredible card range, is Wells Fargo.

Visa and MasterCard Gold Credit Cards

These premium cars offer a superb level of service and a host of terrific benefits. Furthermore, there is an extended rate of advantageous offers, services and in some cases, even discounts.

  • Customers can apply for these cards in different currencies such as RUB, USD, and EUR.
  • Also, customers will enjoy discounts and privileges from Visa and MasterCard.
  • These cards allow the issue of additional bank cards.
  • There is also an overdraft option available.
  • Finally, the card be issued within a payroll card program.

Visa Electron and MasterCard Maestro Momentum Instant Cards

These are cards are available to draw instant cash for shopping within the Russian Federation. Furthermore, it can be used for cash withdrawals within the Sberbank ATM network.

  • This card includes a charge-free service.
  • Customers also enjoy discounts and special offers from Visa and MasterCard.

Visa Classic and MasterCard Standard Cards

These classic international bank cards offer a range of services. Furthermore, these cards carry a fairly low service fee.

  • The service fee is only 750 roubles per year.
  • Customers also enjoy discounts and special offers from Visa and MasterCard.
  • Furthermore, the card provides access to additional cards.
  • There is also an overdraft option.
  • Finally, the card can be issued within a payroll card program.

Gift of Life Visa Gold and Visa Classic Cards

This card is the ideal solution for those who wish to make a difference in a child’s life, Furthermore, a portion of the proceeds go towards those children who fight severe oncological diseases.

  • Customers will help children fight the disease with every purchase they make.
  • Visa also offers discounts and special offers.
  • Furthermore, the card provides additional bank cards.
  • The card can be issued within a payroll card program.
  • Finally, there is an overdraft option available.

Visa Gold and Visa Classic Aeroflot Cards

Customers who choose this card, can earn or exchange bonus miles for air tickets of Aeroflot or other Sky Team® airlines. Furthermore, customers will earn bonus miles with every purchase made with the card.

  • Visa provides special offers and discounts.
  • Also, customers may order additional bank cards.
  • Furthermore, an overdraft option is available to clients.
  • Finally, the card can be issued within a payroll card program.

MasterCard Gold and MasterCard Standard MTS Cards

This card offers customers a convenient way to pay. There is also the opportunity to earn bonus points under the MTS Bonus Program.

  • The bonus points are earned with every purchase customers make using their cards.
  • The card also provides discounts and special offers from the MasterCard payment system.
  • Furthermore, customers can apply for additional bank cards.
  • The card can also be issued within a payroll card program.
  • Finally, there is an overdraft option available on the card.

Visa Classic and MasterCard Standard Youth Card

Although this card is technically a debit card, it provides users with the means to perform online shopping. Furthermore, the card is electronic chip protected should customers use it for their physical purchases.

  • The card has an individual design.
  • Furthermore, Visa and MasterCard offer discounts and special offers.
  • Finally, the card carries an annual service fee of 150 roubles per annum.

Deposit and Savings Accounts

Sberbank
Screenshot of Some Investment and Savings Products Sberbank

Save Deposit Account

This account provides customers with the means to put their funds away for a period of time. Furthermore, the account provides a guaranteed maximum income.

  • The annual interest rate depends on the amount invested and the deposit term.
  • Also, the term can be anywhere between 1 month and 3 years.
  • Furthermore, no additional deposits or withdrawals are allowed.
  • Finally, customers are able to deposit RUB, USD, and EUR in the account.

Top-Up Deposit Account

Customers who wish to save their surplus cash on an ad-hoc basis will benefit from the account. Furthermore, the deposit is fixed for a period of time.

  • The annual interest rates differ between the various currencies: RUB, USD, and EUR.
  • Also, the deposit term can be anywhere between 3 months and 3 years.
  • Furthermore, partial withdrawals or early withdrawals are not allowed.
  • Finally, the account requires a minimum deposit.

Manage Deposit Account

This account provides customers with partial access to their funds without having to compromise on their interest. Furthermore, the account provides an annual interest rate that depends on the amount and deposit term.

  • Customers can choose a term anywhere from 3 months to 2 years.
  • Furthermore, top-ups into the account are allowed.
  • Finally, the account requires a minimum deposit and customers can decide to deposit in USD, RUB, and EUR.

Gift of Life Deposit Account

This account provides customers with the opportunity to help children with cancer and hematological and other severe illnesses. Furthermore, the annual interest rate is very favorable.

  • Customers will deposit their funds for a year. Furthermore, the interest rate is calculated every 3 months.
  • No top-ups or partial withdrawals are allowed on the account.
  • Finally, the account requires a minimum deposit.

Sberbank of Russia Multicurrency Deposit Account

This account allows customers to benefit from the currency exchange fluctuations. Furthermore, customers earn different rates according to their chosen currencies.

  • The deposit term is 1 or 2 years.
  • Furthermore, there are no top-ups or partial withdrawals allowed.
  • Finally, the account requires a minimum deposit.

International Deposit Account

An opportunity for customers to make a fixed-term deposit in GBP, CHF, or JPY. Also, the interest rate is determined by the amount and the deposit term.

  • Customers can choose a term of 1 month to 3 years.
  • Furthermore, there is the opportunity to benefit from interest or currency fluctuations.
  • Also, no partial withdrawals are allowed.
  • Finally, the account requires a minimum deposit.

Savings Account

This account allows customers free disposal of money in the account. Furthermore, the interest rate depends on the amount and deposit term.

  • Customers are able to add to the account at will.
  • Furthermore, partial withdrawals are allowed.
  • Finally, the account requires no minimum deposit.

Sberbank of Russia Demand Deposit Account

This is a permanent deposit account. Furthermore, customers have access to additional deposits and partial withdrawals.

  • The annual interest rate is calculated on the chosen currency deposited.
  • Also, the account requires a minimum deposit.

Sberbank of Russia Universal Deposit Account

This is a permanent deposit account. Furthermore, the account allows top-ups and partial withdrawals. Also, this is the optimum choice for making payments and transfers.

  • The interest rate is calculated on the currency of choice.
  • Customers deposit their funds for a period of 5 years.
  • Furthermore, customers have access to top-ups and partial withdrawals.
  • Finally, the account requires a minimum deposit.

Sberbank Small Business Banking Product Offerings

Find out whether Deutsche Bank has a business offering in this review. 

Sberbank
Screenshot of Small Business Banking Home Page Sberbank

Small Business Loans

Long-Term Revolving Loan Facility for Small Businesses

This type of loan is ideal for customers who require working capital in their businesses. Furthermore, these loans are very effective at boosting liquidity.

  • Customers can apply for these loans in EUR and RSD.
  • The loan terms are from 6 months up to 36 months for working capital and liquidity. Also, there are terms from 6 months to 120 months if the loans are to refinance other loans.
  • Furthermore, customers choose monthly, quarterly, or annual installments. However, the interest is calculated monthly.
  • These loans may require collateral depending on the client’s creditworthiness.
  • Finally, the funds are always available through a quick and simple disbursement, and there is no commitment fee.

Short-Term Working Capital Loans

This type of loan is specifically designed to ease cash flow constraints on a short-term basis. Furthermore, the loan amount cannot be more than 20% of the client’s annual business income.

  • The loan currencies are in RSD or EUR.
  • Customers have a set term of 12 months to repay the loans.
  • Furthermore, the payments can take place monthly, quarterly, or once-off annually. However, the interest is calculated on a monthly basis.
  • Finally, the collateral offered can be a bill of exchange and bill of exchange of the owner.

Loan for the Purchase or Reconstruction of Business Premises for Entrepreneurs

These loans are suitable for business owners who wish to purchase or reconstruct their own business premises. Furthermore, this is a great addition to the balance sheet.

  • Customers can choose loan amounts between 5,000 and 100,000 EUR.
  • The loan currencies are in EUR or RSD.
  • Furthermore, the repayment period is 120 months and there is a grace period of 6 months.
  • Customers would need to put in 20% of their own funds.
  • Also, the repayments tale place in equal monthly annuities.
  • Collateral offered can be a bill of exchange and bill of exchange of the owner.
  • Finally, the interest rate for dinar loans is fixed for the first 60 months.

Loan Applications for Vehicles and Equipment

These loans are ideal for businesses who require equipment or vehicles for the general operation of the businesses. Furthermore, customers have a repayment period of up to 84 months.

  • Loan amounts are from 3,000 to 100,000 EUR in RSD counter value. Furthermore, this is at the middle exchange rate of NBS.
  • Customers also enjoy a grace period of up to 6 months.
  • A participation of at least 20% is required.
  • Security offered is a bill of exchange or bill of exchange of the owner.
  • Finally, the interest rate for RSD loans is fixed in the first 60 months. Thereafter, it changes quarterly according to the movements of 3-month BELIBOR.

Loans for Financing Performance Investments

These loans are suitable for businesses who have already made investments to fixed assets. Furthermore, these investments are from the client’s own funds. Assets that are included in this are the purchase, reconstruction, or adaptation of business premises, or the purchase of vehicles and equipment.

  • The loan amounts range from 10,000 to 100,000 EUR.
  • The loan currencies are RSD and EUR.
  • Furthermore, the repayment period is up to 60 months.
  • Also, repayments take place in equal monthly annuities.
  • Finally, the collateral offered is bill of exchange and bill of exchange of the owner.

Authorized Overdraft for Small Enterprises

The ideal means to keep the liquidity levels up and manage the cash flow.

  • Loan amounts are a maximum of 5% of the client’s income.
  • Also, the currency is in RSD.
  • Furthermore, the repayment period is up to 12 months.
  • Finally, the bill of exchange and bill of exchange of owner serve as collateral.

Loans for Entrepreneurs

State Bank of India has a surprising loan range.

Revolving Loan Facility

This is the ideal loan for working capitals needs and to refinance loans. Furthermore, it is also effective in documentary operations.

  • Customers will have access to a quick and easy way to reach the necessary funds.
  • Also, the period of validity is between 6 and 120 months. Working capital loans ar up to 36 months and refinancing up to 120 months.
  • Furthermore, the collateral is determined by the client’s creditworthiness.
  • Also, the creditworthiness of the client is checked on an annual basis.
  • Finally, a processing fee applies.

Short-Term Working Capital Loans

This is quick access to funds in order the meet the short-term working capital needs of the business. furthermore, the maximum repayment period is 12 months.

  • This is a quick and easy means to inject cash into the business.
  • Furthermore, the loan amount and collateral are determined by the client’s creditworthiness.
  • The maximum repayment period is 12 months.
  • Customers apply for loans in RSD or indexed in EUR.
  • Also, the rate is fixed regardless of the currency.
  • Finally, customers pay a loan application processing fee.

Loan for Purchase or Reconstruction of Business Premises

These types of loans are ideal for those who wish to improve their balance sheets. Furthermore, customers are required to provide a down payment of minimum 20%.

  • Loans are in RSD or indexed in EUR.
  • Furthermore, the term can be up to 120 months with the possibility of a grace period of up to 6 months.
  • Customers enjoy repayments in equal monthly installments.
  • Also, the loan has a fixed interest rate for the first 60 months. Thereafter, the rate changes to variable BELIBOR for RSD and Euribor for loans indexed in EUR.
  • Finally, the loan carries an application processing fee.

Loan for Purchase of Vehicles and Equipment

Customers who wish to finance their vehicles and equipment will find these loan agreements to suit their needs. Also, customers can apply for the loan in EUR or RSD.

  • The repayment period of the loan is up to 84 months. Furthermore, customers may enjoy a grace period of 6 months.
  • Customers are required to deposit at least 20% of their own funds.
  • Also, the loan is payable in equal monthly installments.
  • Interest rates on the loans in RSD are fixed for the first 60 months and after according to BELIBOR. The loans indexed in EUR are according to EURIBOR.
  • Finally, customers will pay a loan application processing fee.

Loan for Financing Completed Investments

Customers who funded their own improvements to or purchases of assets have the opportunity to apply for a loan to restore their cash flow.

  • The loans are available in RSD or EUR.
  • RSD loans enjoy a fixed interest rate. Furthermore, loans indexed in EUR have their interest rate set according to EURIBOR.
  • Customers enjoy a repayment period of up to 60 months.
  • Finally, the loan has an application processing fee.

Overdraft for Entrepreneurs

This loan provides customers with access to a short-term solution for cash flow issues. Furthermore, the loan amount cannot exceed 5% of the customer’s annual income.

  • The repayment of the loan is within a 12-month period.
  • Also, there is a loan processing fee.

Agricultural Loans

Loan Aimed at Purchase of Agricultural Machinery

This loan type is suitable for those who require tractors, combine harvesters, and towed machinery. Furthermore, it has income burdening of up to 50%.

  • The maximum loan amount is up to 30,000 EUR in RSD counter value.
  • Also, the loan has a repayment period of up to 60 months.
  • Customers can apply for the loan in RSD or indexed in EUR.
  • Finally, there is an application processing fee.

Investment Loan

This is where customers used their own funds for the purchase of agricultural land, expansion of livestock, and agricultural facilities. Furthermore, the loan has income burdening of up to 50%.

  • The maximum loan amount is up to EUR 30,000.
  • Furthermore, these are loans with a repayment period of up to 120 months.
  • Finally, the loan carries an application processing cost.

Subsidized Loans Aimed at Purchase of Products Manufactured in Belarus

Customers who wish to purchase products manufactured in Belarus can apply for this loan. Furthermore, this is an RSD loan with a repayment period of up to 5 years. Finally, the loan as a maximum of 90% LTV.

Working Assets Loan

This is the ideal solution for those in the agricultural sector, as it provides more than just the typical working capital. It is also designed for those who need livestock feed, fertilizers, seeds, motor fuel, protectants, and other raw and processed materials.

  • The loan is quick and simple.
  • Furthermore, customers enjoy a repayment period of up to 36 months.
  • Also, the loans can be indexed either in RSD or in EUR.
  • The RSD loans carry a fixed interest rate for the duration of the term.
  • An income burdening of up to 50%.
  • Finally, customers are expected to pay an application processing cost.

Savings Accounts

Good Morning Savings

This account provides legal entities with the means to save their surplus funds. Furthermore, they will earn interest on their accounts.

  • Customers are able to open a dinar and foreign currency savings account.
  • Furthermore, customers will have access to the funds between 8AM and 8PM.
  • Finally, the account is accessible through internet banking.

Business Credit Card

Sberbank
Screenshot of Corporate Card Information Sberbank

MasterCard Business Charge Credit Card

An easy way for businesses to track their spending. Furthermore, this is a safer way to make purchases. Also, the card allows easy payments locally and abroad, as well as the opportunity to draw cash.

Business Accounts

These accounts allow businesses to do all their transactions. Furthermore, these accounts are available as dinar or foreign currency accounts. Customers will then have the means to safely perform their domestic and international transactions.

Domestic Payment Transactions

Customers will have access to the reception of cashless orders at all bank counters. Furthermore, the execution of these payments takes place with maximum safety and speed. Customers will also have free transactions between their Sberbank accounts. Finally, these transactions are available on Sberbank Business Online.

Customers also have access to:

  • International payment transactions
  • Treasury

Sberbank Corporate Banking Product Offerings

Sberbank
Screenshot of Corporate Banking Home Page Sberbank

Banking Services

Cash Management Services

Opening and Maintaining an Account

This account is a great solution for corporates as it can transfer and receive payments in RUB and foreign currency. Furthermore, this provides customers with the largest branch network in Russia.

  • Customers have access to settlement and cash services for multidivisional and holding companies throughout the Russian Federation subject to uniform conditions.
  • There is a wide range of cash transactions. Furthermore, these offer favorable price terms for currency conversions.
  • Finally, customers will receive professional support and consultation for foreign transactions.

Currency Operation Solutions

Sberbank of Russia is one of the top ten operators performing conversions on MICEX. It is also an active participant in international money markets. Furthermore, the bank makes conversions with over 20 other countries.

International Business Services and Currency Control

International businesses require a fair amount of support in order to sustain its operations. Some of the services Sberbank can offer in this category include:

  • Consulting on foreign trade and credit agreements.
  • Also, optimal arrangements for interaction with foreign partners.
  • Preparation and service of transaction reports for foreign trade transactions.
  • Furthermore, information support for clients.
  • Seminars for clients on the practical application of currency legislation.
  • Finally, differentiated tariff policy on the bank’s commission charges.

Cash Management

This allows the business to effectively run the cash inflows and outflows of the business. Some of the items included in this offering include:

  • Monitoring
  • Control and Acceptance
  • Budgeting
  • Direct Account Management
  • Single Balance
  • Overdraft with General Limit
  • Compensation Products

Trade Finance Transactions

Foreign trade requires a different selection of products than ordinary transactions. These include:

For Export

  • International Letters of Credit for the Exporter (seller)
  • Exporter’s International Standby letter of Credit
  • Exporter’s International Collection of Payments

For Import

  • Importer’s International Collection of Payments
  • International Letters of Credit for the Importer (buyer)
  • Importer’s International Standby Letter of Credit

Domestic

  • Domestic Letter of Credit

Corporate Cards

These are Visa Business and MasterCard Business international payment cards. Furthermore, the cards are issued by Sberbank in the name of the authorized employee.

Cash Collection Services

These are suitable for those businesses that require more than just the ordinary cash deposit option.

  • Collection of cash
  • Delivery of cash and valuables
  • Acceptance and crediting of monies collected by third-party carriers, and more.

Investment of Funds

Deposit Accounts

Classic Deposit Account

This account is suitable for those who wish to investment anywhere from 7 days to 3 years. Furthermore, the interest rate depends on the amount and the term chosen. Furthermore, the account can be opened in RUB, USD, or EUR.

Top-Up Deposit Account

This account allows the account holder to replenish the account. The deposit term can be anywhere from 31 days to a year. Furthermore, the interest rate depends on the amount and deposit term. Finally, the account can be opened as RUB, EUR, and USD.

Revocable Deposit Account

This account provides customers with access to their funds during the term. Term days can be anywhere between 31 days and a year. Furthermore, the interest rate depends on the amount and deposit term. Finally, the account can be opened in RUB, EUR, or USD.

Minimum Account Balance

From time to time, corporates may be required to place funds as a minimum settlement account balance. Sberbank provides all the required information and tips to get the account in place.

Bills

This is a promissory note which is an all-purpose financial and settlement instrument. The terms are anywhere between 14 days and 3 years. Also, the interest rate depends on the amount and term of bill. Finally, the bill can be opened in RUB, USD, and EUR.

Certificates of Deposit

This is a registered security which certifies the amount of a deposit in a Russian Federation currency. This amount is deposit at the Bank and the depositor’s rights to receive the deposit amount and the interest specified. This takes place on expiry of the established term.

Loans

Sberbank
Screenshot of Corporate Banking Products Sberbank

Development Product Finance

These loans provide customers with finance for real estates. Furthermore, these include those connected with the purchase, design, construction, and reconstruction of real estate.

  • These are for projects such as residential buildings, office real estate, tourism real estate, hotels, commercial and entertainment real estate, storage real estate, and others.
  • Furthermore, customers can apply for the loan in USD, RUB, and EUR.
  • Also, this is a one-time, non-revolving facility where the term is up to 10 years.
  • The loans are available to legal entities in Russia.
  • Finally, the loan amount is up to 70% of the investment value.

Some of the different types of loans include:

  • Residential Real Estate Construction Projects
  • Commercial Real Estate Construction Projects
  • Statutory Activities Secured by Commercial Real Estate and its Cash Flows
  • Loans for Closed Real Estate Mutual Funds

Loans for Refinancing of Loans Issued by Other Banks

This is for the repayment of the current debt to third-party lenders. Furthermore, these include those done by other banks.

Loans for Lease Transactions

This loan is suitable for those who purchase a property and intend to lease it. The payments of the lease will correspond with the repayment of the loan. Furthermore, this type of loan is subject to the mandatory pledge of the leased property rights. Also, the property rights under the lease agreement.

Contract Loans

This type of loan is ideal for contractors in the construction industry. There are a few different types of loans, including:

  • Government contracts for the construction/reconstruction of facilities.
  • Independent contractor agreements for construction/reconstruction of facilities.

Overdraft Loans

This type of loan is suitable for short-term cash flow constraints.

Loans to Constituent Entities and Municipal Units of the Russian Federation

Customers in these categories have access to loan amounts subject to the boundaries established by the risk limits for the various products. These are:

  • Financing the budget deficit
  • Recovery of government liabilities
  • Implementation of government programs and projects supported by the government
  • Financing of long-term, special-purpose programs.

Loans to Defense Industry Companies

Customers who provide services and products to the defense industry have access to this loan product. This type of finance is for the costs connected with the manufacture of products under contracts. This is also within the framework of a production program.

Loans to Purchase Livestock for Breeding

This is a new product for corporate customers. The lending periods are as follows:

  • Up to 10 years for the purchase of meat cattle or horses
  • 8 years for the purchase of dairy cattle
  • And up to 5 years for the purchase of small cattle and pigs

Guarantees

There are various types of guarantees used in international and Russian banking practices. For instance:

  • Tender guarantees
  • Guarantees in favour of tax atuhorities, and more

Carbon Finance

This type of finance is specific to industries who wish to improve their energy savings initiatives.

Foreign Trade Finance

This type of loan is based on funds raised by Sberban on the international market. Furthermore, this makes it possible to lower the final cost of finance to the client.

Investment Products

There are various investment options for corporates, including:

  • Operations on Global Markets
  • Investment Banking Services
  • Merchant Banking
  • Custody Services
  • Structured Products

Review of Sberbank – 8 of 10

Customer Satisfaction Rating

Statista

Sberbank
Screenshot of Customer Satisfaction Ratings by Statista of Sberbank

By far one of the best customer satisfaction ratings we’ve come across, albeit a little old. As of Q4 in 2015, the customer satisfaction rating with the bank was a staggering 9 of 10.

Financial Stability Rating

The various ratings agencies have had to take the current political clime into consideration. With dropped ratings and a negative outlook, the bank has a tough road ahead.

Security of Funds

The Deposit Insurance Agency insures the deposits up to the specified thresholds. These thresholds are fairly low compared to those enjoyed in the UK and USA.

Review by Critical Reviews

Sberbank of Russia is a formidable banking giant that continuously strives to go beyond the boundaries. Although it faces a tough political landscape and negative ratings from the ratings agencies, it strives to provide a comprehensive service to its customers. It offers all the products a client would need to conclude all their financial transactions. Some of the additional products it offers includes various types of insurances, precious metals and coins, and safe deposit rentals.

The rating will improve with the improvement of the political landscape and reviews from the ratings agencies.

Find out how the bank compared to one of its peers, Bank of Ireland, in this review.

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