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SBERBANK 170 YEARS. BY YOUR SIDE ANNUAL REPORT CONTRIBUTING TO THE ECONOMIC DEVELOPMENT OF THE COUNTRY 2011 132 Λ Partner MAJOR EVENTS FOR SMALL BUSINESSES Association of Young Entrepreneurs Chamber of Commerce and Industry Russian Microfinance Centre Event Entrepreneurship: Strategies and Prospects-Youth Innovation Forum 11th National Conference for Small- and Medium-Sized Enterprises 10th National Microfinance Conference In 2011, Opora Russia, a national non-governmental small- and medium-sized business association, became our strategic partner, with its president, Sergey Borisov, being appointed Vice President of Sberbank. Having retained the position of Head of Opora Russia, he is able to support small businesses while considering the interests of both entrepreneurs and the Bank. In order to step up activities in this area and support the implementa- tion of our Small Business Development Concept, the Bank created a dedicated department for liaising with entrepreneur associations and monitoring conditions for small business development. Managers responsible for this have been assigned in regional banks. Area of collaboration MAIN AREAS OF THE BANK'S COOPERATION WITH OPORA RUSSIA IN 2011 Development of mobile solutions for small businesses (Opora Russia) Entrepreneurial Climate in Russia: the Opora Index 2010-2011 a global research project The Russian Business Success Awards (Opora Credit) Result Minimised the Bank's credit risks, simplified the process for inexperienced entrepreneurs starting up a new business Obtained a better understanding of the business climate in different regions and selected lower-risk regions to pilot the Business Start project Promoted the Bank's new small business support strategy and built relationships with regional governments in this field The award ceremony was held at the 2011 Sochi International Invest- ment Forum. One of the Bank's priorities is participating in government pro- grammes to provide financial support for small- and medium-sized businesses. We do this through partnering with a network of guaran- tee funds that includes 78 regional funds created under government programmes. In 2011, the Bank extended over RUB 8 billion of loans guaranteed by the funds. corporate social responsibility >>> 1929 1920s The winners get prizes. 1926 The State Labour Savings Bank Headquaters was the initiator of the All-Union competition held throughout the year and it became traditional for a long time. The local savings banks employees' activity in attracting depositors was evaluated. The winners received cash bonuses 1920s Thrift memo. 1929 In Moscow and Leningrad savings banks a universal savings book was issued. It functioned on the territory of a certian region, an autonomous republic, etc. Within the first year 4,383 people got the universal savings book 1920s State bond of the internal winning loan for farms strengthening. 1928 The main peculiarity of state labour savings banks in the 1930s was the active State attraction of individual investor funds for solving economic problems through the system of savings banks 170 YEARS. IT'S JUST THE BEGINNING WWW.SBERBANK.RU 133 corporate social responsibility
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