Sberbank Depository deemed best in Russia

Jun 10, 2021

Sberbank has been deemed the best provider of custody services in Russia according to the international magazine Global Finance. The awards and rankings organizers noted that the unprecedented events of the past year and a half accelerated the digitalization of depositories worldwide and the magazine team applauds organizations that were able to implement innovative solutions in response to new challenges.

In order to determine the winners of the Best Sub-custodian Bank Awards 2021, the Global Finance editorial team considered market research, input from expert sources, and client reviews. The criteria included customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices. The evaluation period was 2020.

We are constantly improving the quality of our services and using cutting-edge technologies to digitize them. Today our corporate clients can remotely submit orders for a deposit in the SberBusiness mobile app. Since December 2019, a decentralized depositary blockchain system for securities accounting has been in operation. Sberbank Depository services 4.8 million clients and the value of the client assets held in stock is approximately RUB 11 tn. It is a great honor for us to receive this prestigious award from Global Finance. We will do everything we can to continue to meet the best global standards and provide custody services on the highest level for global financial institutions, as well as for Russian and foreign clients against a backdrop of ongoing challenges.

Yury Dubin

Director, Sberbank Depository

Global Finance is one of the oldest and most respected publications in the international banking community. The editorial team, together with experts in the field, analyze the activity of financial institutions worldwide, recognizing the best of them according to the cumulative services provided and other indicators. These awards have become a trusted standard of excellence for the global financial community. Over the past few years, Sber has been honored with awards from Global Finance in a variety of categories.