The FAS has identified signs of an anti-competitive agreement in the actions of Sberbank and Sberbank Insurance

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AK&M 05 December 2023 13:29

The Federal Antimonopoly Service has opened a case against Sberbank and Sberbank Insurance, which may be subject to turnover penalties from the amount of revenue on the market. This is stated in the message of the FAS.

Earlier, the service received appeals from citizens about the imposition of a package of services "Domclick Plus", which includes a life and health insurance policy from Sberbank and other services. This package provides a 1% discount on the interest rate under the mortgage loan agreement with Sberbank.

According to the FAS, the offer of Sberbank and Sberbank Insurance to get a loan on more favorable terms only in the case of purchasing additional services from an insurer determined by the bank limits other market participants and citizens.

Sberbank of Russia (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the main creditor of the Russian economy and holds the largest share in the deposit market. Sberbank's services are used by customers in 18 countries around the world. The Bank has a branch network in Russia: about 14 thousand service points. The bank's foreign network consists of subsidiaries, branches and representative offices in the UK, USA, CIS, Central and Eastern Europe, India, China and other countries.

Sberbank Insurance LLC (Sberbank Insurance) is a subsidiary of Sberbank specializing in property and personal insurance programs, except for life insurance. It is included in the "Wealth Management" block of Sberbank.