Sberbank of Russia, legally PJSC Sberbank, is a state-controlled financial institution and one of the largest banks in Russia. The bank provides services to individuals, businesses, and government-related organizations through its branch network, digital platforms, and payment infrastructure.
Its principal activities include retail and corporate banking, lending, deposits, payment and settlement services, foreign exchange, wealth management, and investment banking. Sberbank also offers insurance, brokerage, asset-management, leasing, and other financial products, while developing digital services and technology-related businesses connected with its broader financial ecosystem.
The institution traces its origins to Russia’s savings-bank system, established in the 19th century, and was reorganized into Sberbank of Russia after the dissolution of the Soviet Union. Its primary market is Russia, although the group has historically operated through subsidiaries and affiliates in selected countries across the Commonwealth of Independent States, Europe, and other international markets. German Gref has served as Sberbank’s chief executive officer and chairman of the executive board since 2007.
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