Sberbank CIB1, the corporate and investment banking business of Sberbank, has won the 2018 New Silk Road Finance Award in the category Best Local Bank in the Region for BRI (CEE & Central/West Asia). The awards are held by Asiamoney, a publication of the Euromoney Institutional Investor Group.
Every year an international jury from authoritative financial magazine Euromoney recognises local, international and Chinese financial institutions that are leading the way in promoting and financing the Belt & Road Initiative around the world.
The Silk Road Economic Belt and the 21st-century Maritime Silk Road, collectively known as the Belt and Road Initiative, was unveiled in 2013. Its objective is to create a transport, energy and trade corridor between Central and South Asia and Europe, strengthen scientific and technical cooperation and build economic links between nations.
Senior Vice President of Sberbank and Head of Sberbank CIB Igor Bulantsev commented:
“Asian financial markets are one of Sberbank’s priority areas of international development as this region has massive potential for financial and economic cooperation. We are delighted that Sberbank’s expertise and achievements involving the BRI have won this respectable award.”
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 22 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.