Sberbank of Russia

Sberbank: Alexander Morozov leaves Sberbank as of 1 July 2020. Alexandra Buriko becomes the new CFO

Tuesday, June 30, 2020 - 4:05pm

Sberbank: Alexander Morozov leaves Sberbank as of 1 July 2020.

Key Points: 
  • Sberbank: Alexander Morozov leaves Sberbank as of 1 July 2020.
  • Alexandra Buriko becomes the new CFO
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • According to the resolution of the Supervisory Board of Sberbank dated 12/11/2019, Alexander Morozov, Deputy Chairman of the Executive Board, ceases to perform his function as the Head of Finance and member of the Executive Board and leaves Sberbank as of 1 July 2020.
  • Alexandra Buriko becomes the new Chief Financial Officer of Sberbank and Head of Finance.

Sberbank: Sberbank has decided to accept Yandex's offer regarding sale of Yandex.Market stake and will consolidate 100% of shares in Yandex.Money

Tuesday, June 23, 2020 - 11:02pm

The aggregate profit of the deal for Sberbank is expected to reach around RUB20 bn, with the final figure to be determined at the closing of the transaction.

Key Points: 
  • The aggregate profit of the deal for Sberbank is expected to reach around RUB20 bn, with the final figure to be determined at the closing of the transaction.
  • On top of that, Sberbank is buying Yandex's shareholding stake (25% + RUB1) in Yandex.Money and will rebrand the latter until the end of 2020.
  • The final price will depend on the US dollar exchange rate ahead of the deal's closing and its date.
  • The daily audience of Beru now exceeds one million people and its monthly turnover is already nearing RUB4 bn.

Yandex and Sberbank agree to reorganize Yandex.Market and Yandex.Money

Tuesday, June 23, 2020 - 9:57pm

We see great strategic potential in the full integration of e-commerce services into the Yandex ecosystem, unlocking significant synergies between Yandex.Market and other Yandex services.

Key Points: 
  • We see great strategic potential in the full integration of e-commerce services into the Yandex ecosystem, unlocking significant synergies between Yandex.Market and other Yandex services.
  • Yandex and Sberbank have entered into a binding agreement to reorganize two of their JVs, Yandex.Market and Yandex.Money.
  • Yandex and Sberbank will each continue to provide certain transition services to Yandex.Money and Yandex.Market, respectively, for a period of time following completion.
  • Upon completion of the transaction, any e-commerce and financial services non-compete obligations between Yandex and Sberbank will be terminated.

Western Union Partners with AXA to Offer Insurance Services Through Its Global Payments Platform

Thursday, June 18, 2020 - 4:45pm

The partnership will initially be a pilot program which Western Union and AXA hope to grow and scale over time.

Key Points: 
  • The partnership will initially be a pilot program which Western Union and AXA hope to grow and scale over time.
  • Western Union has already been successful in partnering with other global companies such as Amazon, Sberbank, Saudi Telecom and others, in offering money transfer and payments capabilities.
  • This partnership shows the power of our global cross-border, cross-currency payments platform, said Western Union CEO Hikmet Ersek .
  • We are pleased to offer insurance services in collaboration with AXA to serve our customers and their families who both know and trust Western Union.

Sberbank releases Financial Highlights for 5 months of 2020 (under RAS; non-consolidated)

Friday, June 5, 2020 - 9:00am

Sberbank releases Financial Highlights for 5 months of 2020 (under RAS; non-consolidated)

Key Points: 
  • Sberbank releases Financial Highlights for 5 months of 2020 (under RAS; non-consolidated)
    Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • Sberbank releases Financial Highlights for 5 months of 2020 (under RAS; non-consolidated)
    The numbers are calculated in accordance with Sberbank's internal methodology.
  • Please note that some minor changes became effective in Sberbank's internal methodology starting from January 1, 2020.
  • Sberbank is vigorously supporting people and companies through both its own and state programs, primarily for mortgages and small and medium businesses.

VEON Announces a New RUB 100 Billion Term Loan Agreement With Sberbank

Thursday, June 4, 2020 - 3:17pm

AMSTERDAM, June 4, 2020 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON) announced today that its subsidiary VEON Holdings B.V. has successfully entered into a new RUB 100 billion, approximately USD 1.5 billion1, bilateral term loan agreement with Sberbank.

Key Points: 
  • AMSTERDAM, June 4, 2020 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON) announced today that its subsidiary VEON Holdings B.V. has successfully entered into a new RUB 100 billion, approximately USD 1.5 billion1, bilateral term loan agreement with Sberbank.
  • The loan will be used to refinance and extend the maturity of the existing loan between Sberbank and VEON Holdings, as well as to provide additional funds for general corporate purposes.
  • VEON Group Chief Financial Officer Serkan Okandan commented: "This new loan agreement is a further milestone in our continued focus on improving VEON's capital structure.
  • Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate.

Leading Bank in Turkey Uses OneSpan’s Mobile App Security Solution to Handle Doubling of Demand from COVID-19

Tuesday, May 26, 2020 - 1:00pm

CHICAGO andISTANBUL, Turkey, May 26, 2020 (GLOBE NEWSWIRE) -- OneSpan(NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that leading Turkish bank, DenizBank, is using OneSpans Mobile Security Suite to protect 2.6 million mobile customers across the banks mobile banking app MobilDeniz, mobile wallet fastPay and card management application DenizKartm.

Key Points: 
  • CHICAGO andISTANBUL, Turkey, May 26, 2020 (GLOBE NEWSWIRE) -- OneSpan(NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that leading Turkish bank, DenizBank, is using OneSpans Mobile Security Suite to protect 2.6 million mobile customers across the banks mobile banking app MobilDeniz, mobile wallet fastPay and card management application DenizKartm.
  • Mobile attacks like malware and banking trojans have been increasing at an alarming rate during the pandemic as mobile transactions increase.
  • Additionally, OneSpans technology helps DenizBank meet the Turkish Banking Regulation and Supervision Agency (BRSA) regulation for strong customer authentication in mobile banking applications.
  • This competitive win sees DenizBank join Odeabank and several other banks in Turkey already using Mobile Security Suite.

Sberbank: Sberbank holds Supervisory Board meeting

Tuesday, May 19, 2020 - 8:03pm

May 19, 2020, Moscow - Sberbank announces the resolutions adopted by its Supervisory Board.

Key Points: 
  • May 19, 2020, Moscow - Sberbank announces the resolutions adopted by its Supervisory Board.
  • Board members resolved to inform Sberbank shareholders additionally of the resolution passed by the Supervisory Board to cancel the AGM that had been scheduled for June26, 2020, by publishing a notice in the Rossiyskaya Gazeta daily, on the Sberbank website ( www.sberbank.com ), and by delivering the notice to the bank's shareholder list registrar STATUS JSC to be forwarded to nominee shareholders.
  • Complying with Russian laws, the Supervisory Board resolved to convene the Annual General Meeting of Sberbank shareholders dedicated to the 2019 performance on September 25, 2020.
  • On top of that, the decision on the size of 2019 dividend payments will be addressed additionally by the bank's Supervisory Board in August 2020.

Sberbank: Sberbank releases Financial Highlights for 4 months of 2020 (under RAS; non-consolidated)

Wednesday, May 13, 2020 - 9:01am

Sberbank: Sberbank releases Financial Highlights for 4 months of 2020 (under RAS; non-consolidated)

Key Points: 
  • Sberbank: Sberbank releases Financial Highlights for 4 months of 2020 (under RAS; non-consolidated)
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • Sberbank releases Financial Highlights for 4 months of 2020 (under RAS; non-consolidated)
    The numbers are calculated in accordance with Sberbank's internal methodology.
  • Please note that some minor changes became effective in Sberbank's internal methodology starting from January 1, 2020.
  • Deputy Chairman of Sberbank Alexander Morozov stated:
    "In April, Sberbank launched new support programs for both corporate and retail borrowers.

VEON Appoints Alexander Torbakhov as Beeline Russia CEO

Friday, April 3, 2020 - 6:30am

AMSTERDAM, April 3, 2020 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and digital services, announces the appointment, effective from 6 April,of Alexander Torbakhov as Chief Executive Officer of Beeline Russia, VEON's operations in Russia.

Key Points: 
  • AMSTERDAM, April 3, 2020 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and digital services, announces the appointment, effective from 6 April,of Alexander Torbakhov as Chief Executive Officer of Beeline Russia, VEON's operations in Russia.
  • Alexander has more than 25 years' experience, including most recently at X5 Retail Group and Sberbank, Russia's largest retailer and largest bank, respectively.
  • Alexander briefly led Beeline Russia's operations a decade ago.
  • His experience and leadership will be crucial as we continue to transform the operational and financial performance of Beeline Russia."