New start for the Eastern Europe banking network under the Sberbank brand. 

VBI is now called Sberbank Europe AG

Contact

Mag. Linda Michalech
Corporate Communications Manager

Sberbank Europe AG
Tel.: +43 1 22732 1300
Mobile: +43 664 8891 3662
linda.michalech@sberbank.at

VBI is now called Sberbank Europe AG

Sberbank Europe AG has been entered into the Austrian Commercial Registry as of  November 1, 2012. Volksbank International AG (VBI), previously the Eastern Europe banking subsidiary of the Volksbank AG (ÖVAG), will now officially operate under the Sberbank brand. The Vienna-based banking group manages a network of nine universal banks in eight Central and Eastern European countries. With Sberbank as the owner, new chances and opportunities will open up for the Group.

“Our Group will not only profit from the name brand of our new, strong owner Sberbank. We can now also enter into business relationships with the economically promising Russian region as well as benefit from the global presence of our shareholder,” commented Siegfried Wolf, Chairman of the Supervisory Board of Sberbank Europe AG.

Since the closing of the sale of VBI to the Russian Sberbank in February 2012, the holding in Vienna and the subsidiary banks in Central and Eastern Europe have undergone a complete transformation process. The goal is the creation of a leading, customer-centric,  and modern banking group in Central and Eastern Europe that is primarily self-funded.

Sberbank is the largest bank in Russia, one of the top-5 banks in Europe by market cap and counts among the most economically successful financial institutions in the world. In the future Sberbank Europe AG will profit from its comprehensive technological know-how, as well as its innovative solutions for product development.

“We want to take advantage of the technological leadership of our parent bank as well as the local expertise of our banks. In doing this, we are building bridges for business relationships that extend from Central and Eastern Europe to the CIS region. This makes us a unique banking partner,” explained Sberbank Europe CEO Friedhelm Boschert.

In business with private customers focus will be placed on modern service and attractive investment products. With this step the aim is to strengthen its position on the Central and Eastern European banking market. In the area of corporate customers, Sberbank Europe will concentrate on the one hand on small and medium-sized enterprises and on the other hand on companies that conduct their business across national borders.


Sberbank Europe AG
Sberbank Europe AG (previously Volksbank International AG) manages a banking network of nine universal banks in eight Central and Eastern European countries: Slovakia, Czech Republic, Hungary, Slovenia, Croatia, Bosnia-Herzegovina, Serbia and the Ukraine. In total the Group’s banks operate 296 branches and employ 4,195 members of staff (as at 30.06.2012). Website: www.sberbank.at.

Sberbank 
Sberbank of Russia is the largest bank in Russia that accounts for almost one third of all Russian banking sector assets. The Central Bank of the Russian Federation is the founder and major shareholder of Sberbank, owning 50% of the total share capital plus one voting share. Other shares are held by more than 245,000 individual and institutional investors in Russia and internationally. The Bank has the largest distribution network in Russia with over 19,000 offices as well as subsidiaries in 20 countries including the CIS, Central and Eastern Europe. 
The Bank holds the general banking license No.1481 issued by the Bank of Russia. The official website is www.sberbank.ru.

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