Interview Bazarov

Alexander BazarovMember of the Management Board,
Vice President, Director of the Corporate Clients Department
>> Sberbank’s social responsibility means doing everything that is described in detail in our Strategy and consistent with our mission and values, and doing it well. What we do is very simple: we say what we think, do what we say and believe in what we do. Good ends cannot be achieved through unethical means

For Sberbank, 2011 was not only an anniversary year; it was a year of records for the Bank as a whole, for its corporate business and for the Corporate Clients Department, which provides financial services to the Bank’s largest customers. We broke almost all the records that could be broken and set all the records that could be set. The total value of the Department’s loan portfolio exceeded RUB 3 trillion. In 2011 alone, we extended RUB 1 trillion worth of loans to our customers. We will certainly continue to expand our operations.

The Bank finances all sectors of the Russian economy. The structure of our loan portfolio virtually mirrors the structure of Russia’s national GDP, and we have recorded major achievements in each sector. One highlight is the extremely complex project finance deal we did for Rus- Vinyl, which was recognised by a number of international experts as the best European deal in the petrochemical sector in 2011, an achievement of which we are very proud.

We believe infrastructure is a key sector that will help create numerous jobs and improve the standard of living in all of Russia’s regions

One of our priorities is helping develop Russian infrastructure. This is a very complex sector that requires long-term financing, specific expertise and an understanding of prospects for economic development. We believe infrastructure is a key sector that will help create numerous jobs and improve the standard of living in all of Russia’s regions. In 2011, we began work on a number of new projects and plan to close several major deals in 2012. One of them will be joining a joint venture to develop Russia’s airports with Changi Airports International, a Singapore-based company recognised as a leader in the global airport business.

We also finance about half of all agriculture projects in Russia: there is not a single region in the country that is not home to a project financed by Sberbank. Russia’s agriculture sector is one of our priorities. Today Sberbank’s agriculture loan portfolio totals some RUB 655 billion. In 2011, the Bank extended over 18,000 loans worth a total of more than RUB 455 billion to agriculture companies. However, it is worth remembering that it is not us that feeds the country but our clients.

We are optimists and so we believe that in business there is enough room for growth in all sectors of the economy and for our clients, employees and investors. Business is infinite and an understanding of long-term growth trends is of great use to us all.

We realise that by supporting economic activity on a regional level, we make our contribution to economic growth and the development of infrastructure, boosting household incomes and ultimately improving the attractiveness of Russia as an investment destination. This is what drives our involvement in initiatives that aim to improve institutional foundations, the legal framework and economic conditions for business. We also contribute to the implementation of federal projects that aim to build strong social and economic ties within the Russian Federation.

Helping Develop Strategy 2020

Sberbank is actively involved in and contributes to discussions around the draft of Strategy 2020. Herman Gref, Sberbank CEO and Chairman of the Management Board, is co-chair of an expert group responsible for drafting the Development of the Financial and Banking Industry section of the Strategy for the Socio-Economic Development of Russia through 2020 (Strategy 2020).

A meeting of the expert group was held at Sberbank in April 2011. Participants discussed the current state of the banking industry and opportunities and priorities for reform.

The discussion identified the key issues and challenges faced by the financial industry and resulted in an analysis of possible sector development scenarios through 2020. The discussion also led to the development of measures and recommendations to support a sustainable growth scenario. One of the measures suggested is t

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