Sberbank spent RUB 28.8 billion on technological transformation in 2Q20

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AK&M 10 September 2020 17:28

Sberbank of Russia spent RUB 28.8 billion on technological transformation projects in the second quarter of 2020, according to the bank's reporting materials.

The bank recently took a number of significant steps towards technological transformation: it started commercial operation of a new technology platform and the switchover to it of the bank's key automated systems, created a single ecosystem architecture and started replicating its integrating elements, launched an own cloud-based platform offering breakthrough experience of using the bank's infrastructure.

Sberbank of Russia (tax number: 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the principal lender to the Russian economy and has the highest share in the market of deposits. The bank's authorized capital is RUB 67.76 billion. It consists of 21,586,948 thousand common shares and 1 billion preferred shares with a face value of 3 rubles each. The Russian Federation represented by the Ministry of Finance owns 52.32% of Sberbank's total voting shares.