Investor Presentaiton
management report
34
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SBERBANK
170 YEARS. BY YOUR SIDE
ANNUAL REPORT
CORPORATE BUSINESS
2011
Trade finance and documentary transactions
The volume of the Bank's trade finance and documentary business
in 2011 exceeded RUB 1 trillion, making us the undisputed leader
in the Russian banking sector.
The volume of the Bank's trade finance
and documentary business in 2011
exceeded RUB 1 trillion
The volume of our documentary business, which covers import, export
and domestic letters of credit, documentary collections, international
guarantees and guarantees against counter guarantees, exceeded the
equivalent of RUB 900 billion. The volume of domestic letters of credit
was more than RUB 37.4 billion or 1.5 times the figure for 2010.
In 2011, the Bank executed over 950 trade finance transactions us-
ing various instruments for RUB 176 billion (or 1.5 times the figure
for 2010), of which more than RUB 114 billion was raised through
46 transactions under bilateral agreements with foreign banks. The
major lenders under trade finance transactions were Bank of America
Merrill Lynch, Bank of New York Mellon, Citibank, Commerzbank,
Mizuho Corporate Bank and the Royal Bank of Scotland. Sberbank de-
veloped the following types of trade finance transactions: post-import
financing, ECA-backed financing, target financing, LOC transactions
and issuing reimbursement undertakings and guarantees on the
instruction of Russian and CIS banks, etc.
FCTAR
1840s
The Board of Trustees on
Solyanka Street
The first Moscow Savings
Bank was opened on 5 April,
1842 in the building of the
Foster Home Board of Trustees
on Solyanka Street
1840s
Russian peasants
The primary distinction and
advantage of savings banks
was that they were "the bank
for all the population, for
masses, but not for certain
groups or classes". Results
of the first year of operation
turned out to be rather
encouraging. During the
year 1842, 38.6 thousands
of roubles were deposited to
2,400 savings books in the
Saint-Petersburg savings bank,
and 15.6 thousands of roubles
were deposited to 848 books in
the Moscow one
1840s
Silver rouble of Nikolay I period
In 1840, as the result of
monetary reform, the silver
rouble became the main
monetary unit. It helped to
stabilize the country's financial
system and to clear the way to
savings banks establishing
1850s
Alexander II
1855, Alexander Il acceded to
the Russian throne. The period
of his reign was marked with
the epoch of Great Reforms.
One of the first reformations
was the reorganisation of the
country's credit and banking
system
1850s
Nikolaevsk-on-Amur. Photo of
the late 19th century
Nikolaevsk-on-Amur was
founded in 1850. But in about
15 years the first Far East
savings bank was opened there
within the course of active
extension of the savings banks
network
1860s
The Charter of the City Savings
Banks. 1862
In 1862 a new savings banks'
charter was approved by
Alexander II. The capital
savings banks were now
working at the State Bank
offices. Savings banks
appeared "in all towns,
suburbs and neighborhoods
under a town's supervision"
170 YEARS. IT'S JUST THE BEGINNING
WWW.SBERBANK.RU
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