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Investor Presentaiton

MESSAGE Sergey Ignatiev Chairman of the Supervisory Board >> Dear Shareholders, Despite turbulence in the global financial markets, 2011 was marked by a rapid expansion of loan portfolios and significant profit in Russia's banking sector, with Sberbank setting the pace. Sberbank fully recognises its responsibility to clients, shareholders and investors. Guided by responsible business ethics, the Bank successfully expanded into new markets, launched new products and implemented the latest technologies. I am certain that important milestones for Sberbank such as the in- tegration of Troika Dialog and expansion into markets in Central and Eastern Europe will serve as a powerful stimulus to drive Sberbank's successful development in 2012. Sergey Ignati Chairman of the Supervisory Board WWW.SBERBANK.RU ANNUAL REPORT 05 Λ Message from Sergey Ignatiev, Chairman of the Supervisory Board 2011
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