PJSC Sberbank (Russian: Сбербанк, initially a contraction of Russian: сберегательный банк, romanized: sberegatelnyy bank, lit. ’savings bank’) is a Russian majority state-owned banking and financial services company headquartered in Moscow. It was called Sberbank of Russia until 2015 (currently: Sber). Sberbank has operations in several European nations, primarily post-Soviet countries.
By 2022, the bank accounted for about a third of all bank assets in Russia.[9] The bank’s rise since 1990s is in part due to its close connections to the Russian government.[9] As of 2014 it was the largest bank in Russia and Eastern Europe, and the third largest in Europe, ranked 60th in the world and first in central and Eastern Europe in The Banker’s Top 1000 World Banks ranking.[10] In the world ranking of public companies Forbes “Global 2000” Sberbank takes 51st place.[11]