Sberbank is first broker in Russia with million retail investors
- More than one million brokerage accounts opened at Sberbank, its market share exceeding 27%
- About 640,000 individual investment accounts or IIAs also opened at Sberbank, or about 50% of active IIAs in Russia
November 5, 2019, Moscow — Sberbank has become the first broker in Russia with more than one million retail investors. As at November 1, 2019, Sberbank is a leader among brokerage firms and banks that provide similar services for individual investors, according to Moscow Exchange ratings, by taking the first places with the following results:
- 1,023,464 opened brokerage accounts; the bank’s market share exceeds 27%
- 640,594 individual investment accounts or IIAs or about 50% of existing IIAs in the country.
Andrey Shemetov, Vice President, Head of Global Markets, Sberbank,
“Most of our new customers have no investment background that’s why we pay a lot of attention to their financial literacy. To novice investors we offer simple financial tools with fixed income, capital protection and minimum risks, as well as convenient mobile services for long-term and successful investing.”