Sberbank: Sberbank of Russia Published its First Report on Corporate Social Responsibility
EquityStory.RS, LLC-News: Sberbank / Key word(s): Miscellaneous/Miscellaneous Sberbank: Sberbank of Russia Published its First Report on Corporate Social Responsibility
03.06.2011 / 09:43
/
Sberbank of Russia Published its First Report on Corporate Social Responsibility
Moscow, June 3, 2011 - This is the first Report on Corporate Social Responsibility (RCSR) that Sberbank submits at the Annual General Meeting of shareholders. The report was prepared in accordance with to the international standard GRI (Global Reporting Initiative), and corresponds to the application level C. The CSR report uses data from Sberbank''s FY2010 IFRS financial accounts.
Sberbank seeks to achieve financial and corporate goals, based on the principles of responsible business management. The CSR report reflects on the links between Sberbank''s Mission and Development Strategy through 2014, as well as Corporate Social Responsibility. For the first time, the report reveals key information on activity of Sberbank in the field of development strong relations between the Bank and all parties interacting with the Bank: clients, employees, the State, society, shareholders, and investors. In the CSR report, Sberbank discloses quantitative and qualitative information on its activity in the area of corporate responsibility.
''Sberbank is deeply integrated into the Russian economy and society'', said Herman Gref, Sberbank''s Chief Executive Officer and Chairman of the Board. ''The scope of this integration determines the degree of our responsibility towards our clients, shareholders, employees and the whole country. All things we do affect them, explicitly or implicitly. And vice versa, all changes implemented either in the economy or in the social environment are powerful incentives for changes in the Bank'', he said.
Sberbank adheres to the socially responsible development of its business, and plans to publish its reports in the area of social responsibility on the regular basis.
Supplementary information (quotations from the CSR Report)
- According to the new corporate medical insurance system, all Sberbank''s employees were insured against accidents and serious diseases: 90% of employees underwent complex medical examinations, and about 35% of them signed contracts of voluntary medical insurance.
- In 2010, Sberbank, taking into consideration the drought and the consequences of financial crisis, lowered interest rates on loans to agricultural producers issued for a total of RUB21.2bn, and restructured 15,670 loans to individual borrowers, whose outstanding liability reached RUB6.82bn as of January 1, 2011.
- The effect of implementation the innovative by Sberbank and rationalization proposals exceeded RUB1bn.
- In 2010, about 70% of Sberbank''s employees received professional training: 165 thousand employees of territorial banks and 2.7 thousand employees of the central management.
- Within Sberbank''s joint charitable program with the Gift of Life Fund, 225 thousand ''Gift of Life'' Visa cards were issued. In 2010, under the program, RUB22.2m were transferred to the Gift of Life Fund from Sberbank and over RUB9m - from card holders.
- For the last two years, Sberbank''s central management alone sent for recycling 628 tons of used paper and cardboard.
- Sberbank''s Committee for communications with minority shareholders in 2010 held 6 field meetings in territorial banks, in addition to monthly meetings held in Moscow. In general, over 1,000 minority shareholders took part in these meetings via videoconferences.
- In 2010, publication of the reporting was accompanied by over 250 meetings, 150 conference calls with investors and analysts, and 4 teleconferences.
- Sberbank adheres to the development of socially focused products:
- pension savings make a third of the Bank''s deposits - RUB1.8 trillion;
- educational loans were issued in the amount of RUB195m;
- pension loans were issued in the amount of RUB8bn;
- under the ''Young Family'' program, 72 thousand loans were issued for a total amount of RUB61.7bn.
- 2112 service outlets for handicapped people were launched, 16% more than in 2009.
- In 2010, over 3 thousand of Sberbank''s employees participated in more than 100 regional charitable events.
- Sberbank renders assistance to 149 sponsored children''s institutions. In 2010, Sberbank rendered assistance in the amount of RUB120.5m.
- As of the beginning of 2011, Sberbank issued loans to subjects of the Russian Federation in the amount of RUB127.9bn, and in the amount of RUB24.9bn - to municipal institutions.
- As of the beginning of 2011, Sberbank invested RUB149.4bn in sub-federal municipal bonds.
# # #
Sberbank of Russia Public Relations Department tel. +7(495) 957 5721 media@sberbank.ru
Sberbank of Russia is the largest bank in Russia, Central and East Europe; it controls about 30 per cent of the Russian banking system assets, and engages about 240 thousand employees. Central Bank of the Russian Federation is the founder and the major shareholder of Sberbank of Russia, owing over 60 per cent of its voting shares. Sberbank''s shareholders include over 260 thousand individuals and legal entities. The bank has the most ramified branch network in Russia: 17 territorial banks, about 20 thousand branches and internal structural divisions, and affiliated banks in Kazakhstan, Ukraine and Belarus, a branch in India, and an office in Germany.
General banking license # 1481; issued by Bank of Russia.
Official website of Sberbank: www.sberbank.ru
End of Corporate News
03.06.2011 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLC''s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English Company: Sberbank 19 Vavilova St. 117997 Moscow Russland Phone: +7-495-957-57-21 E-mail: media@sberbank.ru Internet: www.sberbank.ru Listed: Foreign Exchange(s) MICEX, RTS
End of News EquityStory.RS, LLC News-Service
127369 03.06.2011
ISIN noisin054146 RU0009029540 RU0009029557
AXC0046 2011-06-03/09:44
