Sberbank plans to grow into TOP-10 in Ukraine

Subsidiary Bank of Sberbank of Russia (Kyiv), increased its assets by almost 60% to UAH 27 billion in 2012, thus climbed from 17th to 12th place among 175 banks in Ukraine, at the end of 2013 plans to enter top ten largest banks in the country.

“I think that we’ll be in the top ten if our rivals do not considerably change their strategies,” said Board Chairman Ihor Yushko.

Despite currently unfavorable economic situation and short-term forecasts the bank plans to boost boosting its credit portfolio by $700-800 million and assets by some $1 billion, which will give a rise of 25-30%.

Banks that are ready to develop have good potential to do so, since banks with western capital continue the deleveraging policy, while the labor and commercial real estate market give good changes for business expansion.

In April 2013 the bank plans to start the operation testing of own billing center and the mass payment system designed by Moscow’s SberTech, which should be finally launched from September 2013. Additionally it plans active development of sales via the call center, which they consider the most effective channel.

Source: kyivpost