International Cooperation |
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The wide array of foreign partners of Sberbank not only demonstrates the recognition of the Bank as a participant of world banking system, but also allows to fully satisfy the clients' needs, especially those connected with international activity, and keep up with the international banking practice and products. Limits Lines opened on Sberbank by foreign banks for transactions on an uncovered basis and totaling USD 3.25 billion are a substantial proof of the solid international standing of Sberbank.
Sberbank maintains accounts with the largest foreign banks and effectively deals with them in various financial market segments. For the purposes of providing services to the clients involved in foreign activities and perfecting the international settlements Sberbank maintains correspondent relations with over 200 leading banks of the world and has direct SWIFT Settlements Agreements with close to 1,000 banks.
Sberbank is actively involved in developing business ties with Export Crediting Agencies and banks that finance trade operations through export agencies around the world. For joint accomplishment of various programs of export finance to Russia, including export credits insurance, medium and long-term financing as well as project finance, relevant relations have been established with Export – Import Bank of the United States, Ausfuhrkredit-Gesellschaft m. b. H and Euler Hermes (Germany), Hungarian Eximbank, IFTRIC (Israel), OeKB (Austria), ECGD (Great Britain), SACE (Italy), CESCE (Spain), EDC (Canada), Atradis (Netherlands), KUKE (Poland), COFACE (France), Finnvera (Finland), EGAP (Czech Republic), EKN (Sweden), ERG (Switzerland), NEXI and JBIC (Japan).
Sberbank co-operates with the European Bank for Reconstruction and Development (EBRD) in the joint programs of Russia small business (loans to individual entrepreneurs and small businesses) and Trade facilitation program (guarantees of EBRD for trade finance).
Sberbank has been a full member of the World Savings Banks Institute (WSBI) since 1992.It also has an observer status in the European Group of Savings Banks (EGSB) which deals with the European Union issues. Sberbank is the only Russian representative in these organizations and participation in WSBI and EGSB allows Sberbank to follow closely the developments in the world savings business.
Sberbank is a member of the US-Russia Business Council (USRBC) which is a non-commercial trade association uniting over 250 American and Russian companies. The organization assists in arranging the dialog between political and public institutions and companies of the two countries thus contributing to the development of trade and economic ties.
Sberbank is a direct member of the International Chamber of Commerce (ICC) and a member of the Russian National Committee of ICC. ICC membership provides access to the latest initiatives in international financial regulation and international trade ensuring enhanced quality support of customers' foreign trade concerns.
Sberbank is a member of International Securities Market Association (ISMA) . An active participation of Sberbank in ISMA has enabled Sberbank to follow the general development of this market segment sharing useful experience with the leading banks around the world, involved in securities trading.
Sberbank is a member of the International Bank Security Association (IBSA), which is involved in preventing and tracking crimes against credit and financial institutions including fraud and counterfeiting. IBSA membership helped helps Sberbank to recover and return to rightful owners significant funds misappropriated and fraudulently transferred abroad.
Sberbank is the largest bank card issuer and service provider in the country. Being a principal member of Visa International and Europay International systems, Sberbank not only services but also issues Visa & Eurocard/Mastercard. The range and volume of services provided by Sberbank in the area of bank card operations is constantly expanding with the assistance of these companies.
Sberbank is the leading traveler's checks operator in Russia. The Bank sells and pays on the traveler's checks of foreign issuers such as Thomas Cook, American Express, Visa and Citicorp.
Being a member of the international interbank financial telecommunication community S. W. I. F. T. since 1992, Sberbank guarantees immediate transfer of funds to any bank around the world. The membership in SWIFT also allows Sberbank to actively exchange business information with its counterparties.
On the level of regional branches Sberbank co-operates with several savings institutions in Germany which allows local practical exchange of experience in servicing clients. This regional partnership develops between the Head Offices of Sberbank in St. Petersburg, Nizhni Novgorod, Moscow region, Samara and Sparkassen in Essen, Stuttgart, Hamburg, Dresden, Fiellengen-Shweningen, Cologne, Landesbanken of Baden-Wurttemberg.
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