Sberbank Group, made up of Sberbank and its subsidiaries, is the largest bank in Russia and the former Soviet Republics. Sberbank is the biggest taker of deposits in the country and the key lender to the national economy. Its investment portfolio contains significant lending to oil, natural gas and mining projects.
Under its development strategy, the bank plans to generate about 5% of its net income outside Russia by 2014. Its international presence already includes subsidiary banks in Kazakhstan, Ukraine and Belarus, representative offices in Germany and China, and a branch in India. It has recently undertaken a number of joint ventures and acquisitions to expand this international presence, including in June 2012 the acquisition of Turkey's DenizBank. This was the largest acquisition in the bank's 170-year history, and provided it with a leading position in the Turkish market.
Sberbank is a public company, with shares traded on the Russian stock market. The Central Bank of the Russian Federation is the principal shareholder and founder of Sberbank of Russia, holding 50% of the share capital plus one voting share.