The team from Croatia wins Russian competition as first European team in history.

Sberbank Student competition “Banks Battle 2014

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Mag. Linda Michalech
Corporate Communications Manager

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

Sberbank Student competition “Banks Battle 2014”

Two European teams in the finals of the Russian student competition: Team from Croatia wins study trip to China. Team from Czech Republic places 10th. 

For the first time in the history of the “Banks Battle” – a student banking competition organized by Sberbank – a team from outside of Russia won this outstanding achievement: The “Dream Bank” team from Croatia was clearly the leader throughout the competition and in the end also the lucky winner. Their reward: a one-week study trip to Beijing, China.

From April until July 2014, students had the opportunity to prove their management skills in the “Banks Battle” competition – taking on the role of managing a virtual bank. This competition organized by Sberbank is based on a complex simulation: A computer program simulates the business processes of a commercial bank in a virtual economic environment. The software guarantees realistic circumstances and the same preconditions for all participants.

International management competition for students: two CEE teams in the finals, 13 in the semi-finals
In total, 13 countries participated in the fourth season of “Banks Battle”: Russia, Ukraine, Belarus, Kazakhstan, Slovakia, Czech Republic, Hungary, Slovenia, Bosnia and Herzegovina, Croatia, Serbia, Austria and Turkey; 925 teams were competing (thereof 731 teams from Russia), 13 teams from CEE made it to the semi-finals and two eventually to the finals in Sberbank’s headquarters in Moscow: “Dream Bank” team from Croatia and “Prague Profit Seekers” team from Czech Republic.

“Dream Bank”, consisting of Marco Vindis, Andrija Stajduhar, Mario Bambulovic and Mihael Saric, were actually not a newcomer: The team competed in the Banks Battle already last year and achieved a successful third place. This year they used their gained experience and made it to the top. The team is rewarded with a one-week study trip to Beijing, China in August 2014. “We are thrilled that our hard work and dedication, combined with amazing teamwork, led us to the first place in this exciting and challenging competition – even more as all teams demonstrated a high level of play and strategic thinking. We are looking forward to the study trip to Beijing, but our biggest benefits were the skills and knowledge we acquired during the competition”, states team member Mihael Saric.

Comprehensive know-how required
The core of Banks Battle is a business simulation program. It allows the participants to become CEOs of a virtual bank on a competitive market. The teams consist of three to four students who develop their own competitive strategies and implement these in their virtual banks. This also requires specialist knowledge. Besides making the right management decisions, the tasks the teams face also include analyzing the financial statements of their virtual bank. The participants decide the interest rates of credits and deposits, build an HR-policy including training, manage the budget and develop a marketing strategy. The program evaluates all virtual banks by using special complex winning criteria. The most efficient and profitable virtual bank wins.

Sberbank as employer of choice
Participating in this competition of course also is a chance for students to present their skills to a potential future employer. “Sberbank Europe is looking for people who believe in themselves and strive to make a difference; people who want to create something new and show passion with a pioneering spirit. Such competitions are a great chance for us as employer to get to know students who have the potential to be future leaders”, states Mark Arnold, CEO of Sberbank Europe AG. The Banks Battle competition is being organized jointly by Russia’s largest bank Sberbank and the Russian Presidential Academy of National Economy and Public Administration.

For more information about the competition and photos (coming soon) visit www.banksbattle.com


About Sberbank Europe Group
Sberbank Europe Group (Sberbank Europe AG), headquartered in Vienna, Austria, is a banking group that is 100% owned by Sberbank Russia. Sberbank Europe Group is present in 9 markets in Central and Eastern Europe (CEE): Austria, Bosnia and Herzegovina, Croatia, Czech Republic, Hungary, Slovakia, Slovenia, Serbia and the Ukraine. In total the bank operates 277 branches and has 4.655 employees (as at 31.12.2013). Website: www.sberbank.at

About Sberbank Group
Sberbank of Russia 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 financial 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 110 million individual customers and 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with more than 18,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries. The bank holds a general banking license No. 1481 issued by the Bank of Russia. Website: www.sberbank.ru

Sberbank was awarded “Bank of the Year 2012” by The Banker magazine and “Best Bank in CEE and Russia 2013” by the Euromoney magazine.

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