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Investor Presentaiton

MESSAGE Herman Gref CEO and Chairman of the Management Board ANNUAL REPORT 10 07 Λ Message from Herman Gref, CEO and Chairman of the Management Board >> Dear Shareholders, Clients and Partners, Throughout 2011, in the face of great uncertainty in the financial mar- kets, Sberbank continued to successfully implement its development strategy. This sent a clear signal to the Bank's shareholders, clients, employees and partners that we are very serious in our intention of be- coming one of the world's leading financial institutions. Last year we focused heavily on boosting the quality of customer ser- vice, improving internal processes and introducing new technologies. The Bank took a number of important decisions regarding the Group's development and expanding the geography and structure of our op- erations. We also continued with ongoing initiatives to develop our employee motivation and training system. 2011 was a very special year for Sberbank as we celebrated our 170th anniversary. It provided an occasion for us to once again recognise the importance of continuity from generation to generation as a crucial factor in our successful development and continued ability to compete. It was symbolic that the Bank closed 2011 with record financial re- sults. I would like to highlight what I see as Sberbank's most important achievements in the last year. WWW.SBERBANK.RU 2011
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