Sberbank CIB1, the corporate and investment banking business of Sberbank, held the conference Financial Institutions – Industry Innovations. The event was attended by managers of financial institutions that are Sberbank clients. Speakers of the conference included Senior Vice President of Sberbank and Head of Sberbank CIB Igor Bulantsev and Member of the Board, Senior Vice President of Sberbank and Co-Head of Sberbank CIB Alexander Bazarov, representatives of the Bank of Russia, VEB, ACRA, Association of Regional Banks of Russia, Fitch Ratings, major banks, private pension funds and insurance companies.
The participants of the event – around 200 financial industry professionals – discussed forecasts and prospects of the banking industry, and technological trends and their development. Sberbank presented its innovative platforms Sberbank FinLine and Sberbank Markets, new investment products, and its brokerage services.
“Over the past 10 years the Russian banking sector’s investment in the IT industry has grown eightfold and as of 2017 totals around RUB 200 bln,” said Igor Bulantsev in his opening speech. “We are not just developing IT products ¬– we are building an ecosystem that delivers optimal business solutions for our clients and convenient interaction with our partners.”
“The macroeconomics panel focused on falling inflation and the significance of this for the Russian economy,” commented Alexander Bazarov. “The speakers reached the conclusion that the economy has adapted to the low-inflation regime. A current side effect of falling inflation is the rather high level of real interest rates. There was an interesting discussion during which speakers argued in favour of taking a more active approach to reducing the key rate, whilst a representative of the Central Bank presented a counterargument on why the current conservative policy is best.”
The topics of other sessions and roundtables included Russia’s credit rating industry, digital access to global markets, current banking sector realities, challenges facing insurance and collective investment markets, new technological trends, and new opportunities for Sberbank’s payment system.
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.
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