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Sberbank Strives for Organic Growth in CESEE
In 2012, the largest Russian bank took over VBAG´s sub-holding for the CESEE region. As Sberbank still has to invest a lot in the former subsidiary of Austrian VBAG, CEO German Gref is not perfectly satisfied with the acquisition.

In 2012, Sberbank acquired the CESEE affiliates of Austrian VBAG and Turkish Denizbank Since then, Sberbank faces growing risk provisions. Non-performing loans are not only growing in Russia, but also in other countries.
Nevertheless, Sberbank continues its growth strategy. In the next five years, Sberbank´s net income is projected to double. In the same period, costs…
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