2015 Annual Report


Opening Statement From Chairman of the Supervisory Board

Sberbank is one of the global financial institutions

Dear Shareholders,

In 2015, many important events occurred that impacted on the Russian economy and significantly influenced many business segments in Russia. Negative macroeconomic factors, including a decrease in global energy prices, were reflected in the state of the economy and intensified the crisis phenomenon. Despite this Sberbank managed to handle the obstacles and demonstrate high financial results. The determination and perseverance of Sberbank employees will allow us in the future to respond to arising challenges, overcome difficulties and improve for the benefit of all our customers, shareholders, and partners.

It is no exaggeration to say that currently Sberbank is one of the key elements of the financial sector of Russia. Sberbank is constantly improving and updating its services, strengthening its positions as a customer-centreic bank. Use of cutting-edge technologies and methods enables us to fully comply with the requirements of the most sophisticated customers. Using our vast experience, Sberbank Group is developing successfully both within Russia and abroad.

We pay a lot of attention to the openness and transparency of our activities and the continuous improvement of the corporate governance system recognising the importance of these activities for successful business as well as for further strengthening of customers, shareholders and partners confidence.

Best regards,

Sergey Ignatiev
Chairman of the Supervisory Board