Sberbank
Summary
Sberbank Rossii (RTS:SBER, MICEX:SBER) (Russian: Сбербанк России, a contraction of "сберегательный банк"; English: "Savings Bank of the Russian Federation") is the largest bank in Russia and Eastern Europe. The company's headquarters are in Moscow and its history goes back to Cancrin's financial reform of 1841. In many regions Sberbank is practically the only bank capable of providing local administrations with complex banking services and of rendering significant financial support in implementing investment and social programs.The Savings Bank of the Russian Federation is the oldest bank in the country, established in 1841. After the 1998 Russian financial crisis, Sberbank continued to shift its focus away from GKOs and toward investment in the private sector of the economy.
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Russian mobile network MegaFon confirms London IPO
Mobile operator owned by Russia's richest man expected to float 15-20% of shares on London and Moscow exchanges.
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Russian mobile operator MegaFon seeks £2.5bn London flotation
IPO of company controlled by Russia's richest man would be world's biggest since Facebook listed in New York.
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Draft law may restrict Russian internet firms
MOSCOW (Reuters) - Russian internet firms Yandex, Mail. Ru and Vkontakte may be included in a list of the country's strategic assets, meaning they must obtain official permission before selling stakes to foreign investors, according to a draft law.
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Search engine Yandex up 55 percent on debut
NEW YORK (Reuters) - Shares of Yandex NV, known as "Russia's Google," rose 55 percent in their trading debut, evidence for some investors that Internet companies have strong prospects and a confirmation for others that the market has gotten ahead of itself.
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Yandex IPO raises $1.3 billion, more than expected
NEW YORK/MOSCOW (Reuters) - Russian Internet company Yandex NV raised 19 percent more than expected on Monday in the sector's biggest U. S. initial public offering since Google Inc went public in 2004.
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Yandex raises IPO price in Internet dash
MOSCOW/NEW YORK (Reuters) - Russian Internet company Yandex raised the price guidance for its Nasdaq initial public offering on Monday, responding to strong investor demand after LinkedIn Corp's blowout debut last week.
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Akado secures funds for DOCSIS 3.0 upgrade
Russian cable operator Akado has opened two seven-year lines of credit totalling RUB9. 5 billion (¤235 million) with Sberbank. . .
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