Sberbank was a key partner of the Treasury 2018 international banking forum, which was held on 16-17 April 2018 in Moscow. The forum was organised by National Financial Association Self-regulated Organisation.
The forum was attended by financial market participants, including heads of treasuries at banks, representatives of the Bank of Russia, and experts and consultants from leading Russian and international financial organisations.
The discussion topics were decided by an open survey, and included asset and liability management in a climate of low interest rates, new policies introduced by the primary regulator (the Bank of Russia), and the role treasuries play at banks.
Representatives of Sberbank’s treasury and the Global Markets Department of Sberbank CIB1 took part in the event.
Sergey Anoshin, Managing Director and Head of Sberbank CIB’s FX and Interest Rate Derivatives Trading Unit gave a presentation on the topic ‘Development of the Derivatives Market and Floating Rate Instruments. During the presentation, he said: “Recently the Russian derivatives market has been developing in close cooperation with lending and treasury divisions at banks. On the one hand, the interest rate derivatives market is vital for transforming savings into assets and creating long money for the economy, but on the other hand, it still isn’t very developed in Russia and so banks take on the interest rate risk when lending. Almost all the prerequisites are there for evolving the interest rate derivatives market: macroeconomic stability, low inflation, the right regulatory climate and trust in the key institutions. Developing floating rate lending may serve as a trigger for the development of the derivatives market as it will help reduce interest rate risk and stabilise the interest margin of banks. We welcome the initiatives put forward by market players, the Bank of Russia and the Moscow Exchange to create new tools and build up derivatives market infrastructure in Russia.”
National Financial Association Self-regulated Organisation (NFA SRO) is a leading professional association of Russian financial market players. It was founded in January 1996 by major banks and investment companies operating on the government securities market, with support from the Russian Ministry of Finance and the Bank of Russia. NFA SRO is made up of more than 250 organisations – professional participants from 27 regions in all eight of Russia’s federal districts. Their operations account for around 80% of the Russian market.
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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 20 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.