Sberbank participated in the 13th International Repo Forum that was held on December 19-20.
Andrei Shemetov, Sberbank’s Vice President, Head of Sberbank CIB’s1 Global Markets Department, delivered a speech at the General Macroeconomic Session of the Forum. Its participants discussed the international macroeconomic landscape of today and 2018 and key indicators of global and Russian financial markets in 2018.
“Global economic conditions are quite favourable, we witnessed a downturn only in 13 countries this year, this number was smaller only in the mid-2000s,” said Andrei Shemetov. “As for the Russian financial market, the two most important factors of economic policy – the benchmark rate and volume of borrowings – will impact its development in 2018”.
International Repo Forum is held by the National Financial Association with support from the Bank of Russia and International Capital Market Association. Representatives of the regulator, international experts, treasury specialists, macroeconomists, lawyers, and accountants, infrastructure and risk management specialists participated in the forum this year.
Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 145 million customers in 21 countries. Sberbank has the largest distribution network in Russia with almost 15,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.
Sberbank CIB is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business2, investment banking services, trade operations with securities, and private equity. Sberbank’s corporate and investment banking business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.