Sberbank Private Banking wins Global Finance’s international award for the first time

Jan 16, 2020
  • Sberbank Private Banking wins World's Best Private Banks Awards 2019 as Best Private Bank for Business Owners in Central and Eastern Europe
  • Sberbank also recognized as best bank for wealthy clients in Russia

 

January 16, 2020, Moscow — Global Finance international magazine has recognized Sberbank’s business unit Sberbank Private Banking as the best in two categories: Best Private Bank for Business Owners in Central and Eastern Europe and Best Private Bank in Russia.

The expert jury of the World's Best Private Banks Awards noted in the statement that Sberbank aligns a well-designed Private Banking development strategy. Three-quarters of its clients are business owners or managers who trust the bank management of their personal finances besides cooperating with Sberbank under the corporate activity.

Yevgenia Tyurikova, Head of Sberbank Private Banking,

“For the first time, we’ve received more than a regional award, but also an international one. Being recognized by Global Finance experts is a new level for us, as well as the entire Private Banking industry in Russia.”

Global and regional banks providing private banking services are included in the rating. J. P. Morgan of the US was named the Best Private Bank in the World; Royal Bank of Canada won the Best Private Bank Use of Technology award; UBS was recognized as the Best Private Bank for Business Owners.

Global Finance ranking is based on the financial performance of the banks from July 1, 2018 to June 30, 2019, along with the results of independent studies, assessments from independent experts, managers and insiders of the industry.

Global Finance is a respected international financial and banking magazine. Founded more than 30 years ago, it is headquartered in New York. Its audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance recognizes best financial institutions all around the world. These awards have become a trusted standard of excellence for the global financial community.

Sberbank Private Banking is a Sberbank business unit, which provides services for individual clients with more than RUB 100 mln in assets. Guided by the open architecture principle, it gives customers access to all products and services Sberbank Group and partners in and outside Russia have to offer.