Sberbank (Savings Bank of the Russian Federation) was established in 1841 and gained its present status of an open joint-stock company in 1991. Sberbank remains the largest bank in Russia and Central and Eastern Europe in terms of Tier I capital and assets. The bank’s total assets — RUB 2,513,1 billion — exceed the combined assets of the next 10 largest Russian banks. Sberbank is the leading universal commercial bank in Russia and continues to provide a full range of banking services. The Central Bank of the Russian Federation (CBR) is the majority shareholder (over 60%) with the rest of the shares dispersed among portfolio, private and other investors with the estimated shareholding of about 20% by foreigners. Sberbank shares are the only bank stock quoted and freely traded at major Russian stock exchanges as «blue chips».
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