Sberbank CIB1, the corporate and investment banking business of Sberbank, has come first in three nominations at the 16th Annual Dealer of the Year Awards (The Best Dealer & Desk Awards), organised by the Moscow Interbank Currency Association and the Commonwealth of Financial Market Professionals.
Sberbank CIB’s Global Market Department came first in the following categories:
Sberbank also won the main award of the event – Best Bank of the Year – due to its overall performance in the awards.
Andrey Shemetov, Vice President and Head of the Global Markets Department at Sberbank CIB, commented: “Sberbank CIB regularly wins Russian and international industry awards and contests. Year after year our Global Markets Department collects accolades at Dealer of the Year in the nominations that are important to us. Our GM traders are market leaders, and we thank the professional community for recognising our business acumen and achievements.”
This is the 16th Dealer of the Year award ceremony, which annually brings together the business community of Russia’s currency and monetary market. In 2018 more than 300 representatives of banks, bourses, companies, associations, government regulators and media outlets attended the event.
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.