History of Sber
Since its inception in 1841, Sberbank has developed into a key Russian financial institution, with its evolution closely tied to the unfolding of the country’s history
A leading global financial institution and the largest bank in Russia and Central and Eastern Europe, Sberbank established its Indian branch in 2010 to create a strategic presence and support Indo-Russian trade.
Sberbank Branch in India has been operating in New Delhi for 14 years and benefits from the managerial, operational, and financial support of its parent bank. Sberbank’s business initiatives in India exemplify a strategic approach that aims to tap into the vast potential of the Indian market.
1841
Start of Sberbank history in Russia
In 2023, the bank set up an office in Mumbai and an IT unit in Bengaluru to serve as an in-house data processing center.
Sberbank Branch in India has consistently reported profits since FY19, primarily due to its focus on Indo-Russian trade and investment in the Indian market. The bank’s profitability parameters improved in FY23 and H1FY24, with a Net Interest Margin (NIM) of 3.60% in FY23 and 4.95% in H1FY24.
3
Sberbank offices in India in 2024
₹15.13 lakh crore
Sber’s retail loan portfolio as of March 31, 2024, reflecting Sber’s growing market share in the consumer loans and credit card sectors. This indicates that more clients are choosing Sber for their financial operations – testament to the bank’s strong reputation and competitive offering
¾ (10.8 crore)
The proportion of Russian citizens over the age of 14 who are active retail clients of the bank as of Q1 2024, demonstrating Sber’s ability to attract and retain clients by offering a wide range of services to cater to diverse needs
8.25 crore
Monthly active users of Sberbank Online, indicating the platform’s popularity and reliability, and the extent of digitalization at Russia’s largest bank so far
A key partner for Indian businesses in Russia
Sberbank is a pivotal ally for Indian businesses operating in Russia, offering them tailored financial solutions and expertise
How Sber can make doing business in Russia easier
Key products and services for Indian businesses
More than a bank
Mission and values
Sberbank’s mission is to provide businesses with high-quality services tailored to their individual needs and requirements
ESG strategy
Sberbank is committed to sustainable development, supporting the UN’s Sustainable Development Goals, and contributing to environmental, economic, and social causes through its operations
₹2.71 lakh crore
The size of Sber’s responsible banking portfolio, which includes green, social and ESG loans
14
Sustainable development awards won by Sber in H1 2023
Over 1.7 lakh
Green certificates issued using Sber’s low-carbon energy certification system
Not just a bank