Sberbank entered the top 100 largest public companies in the world


The Russian company Sberbank took 51st place in the ranking of the 2000 largest public companies in the world and 1st place among Russian companies according to Forbes magazine.

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Such indicators were a breakthrough for the bank: last year, Sberbank was assigned 402nd position in the general list, and in the rating of Russian companies it occupied the 6th line.

According to German Gref, chairman of the board of Sberbank, the coronavirus pandemic has significantly affected the market system, jeopardizing the development of entire sectors of the Russian economy. In rapidly changing market conditions, companies had to quickly adapt to new realities, he stressed.

“Nevertheless, the high level of development of its own digital products and services allowed Sber not only to quickly and safely help the population and businesses, but also to increase business performance during the pandemic. Sberbank’s loan portfolio grew by 15% in 2020, and the market share of retail deposits reached 45.4%,” Gref said.

He also noted that in 2020 the company completed its technological transformation, and the organization’s large-scale ecosystem program is currently being implemented, including telemedicine, insurance, entertainment, food delivery and many other services.

In addition, Gref pointed to the company’s creation of a large equity capital base, which allowed Sberbank to be one of the first financial institutions to resume dividend payments.

“Last year, we managed to pay out the largest dividend in our history and a record for the Russian market in the amount of 422 billion rubles, half of which was directed to the Russian budget. Recently, at the annual general meeting of shareholders, the payment of dividends in the same amount in 2021 was approved,” concluded the chairman of the board of Sberbank.

The Global 2000 ranking, which ranks the world’s largest public companies according to Forbes magazine, is compiled on the basis of four indicators: sales, revenues, assets and market value.

Earlier, on March 19, Gref said that the Supervisory Board of Sberbank recommended the General Annual Meeting of Shareholders to approve the payment of record dividends for 2020 in the amount of 56% of profit in accordance with International Financial Reporting Standards (IFRS). According to him, the Supervisory Board supported the management’s proposal for payment at the level of last year.

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