The International Finance Corporation (IFC), a member of the World Bank Group, recently announced that it would loan the local-currency equivalent of USD 70 million to Subsidiary Bank Sberbank of Russia Joint Stock Company (SBK) in Kazakhstan, a subsidiary of government-owned Sberbank of Russia, in an effort to increase financial access for small and medium-sized enterprises (SMEs) in Kazakhstan [1].
As of 2012, SBK reported total assets of KZT 727.7 million (USD 4.8 million). Information on number of clients, gross loan portfolio, deposits, active borrowers, return on assets (ROA) and return on equity (ROE) are not available. As of 2012, Sberbank of Russia reported total assets of RUB 15.1 trillion (USD 469.7 billion), gross loan portfolio of RUB 5.2 trillion (USD 161.8 billion), deposits of RUB 4.1 trillion (USD 127.6 billion), ROA of 2.7 percent and return on equity ROE of 24.2 percent. Sberbank of Russia serves 101 million clients in Belarus, Kazakhstan, Russia, Turkey and Ukraine.
As of 2012, IFC has 184 member countries and total assets of USD 75.8 billion.
By Jennifer Young, Research Associate
About International Finance Corporation (IFC)
A member of the US-based World Bank Group, the International Finance Corporation (IFC) offers loans, equity investments, advisory services and technical assistance to private companies with the intent of alleviating poverty and promoting open and competitive markets in developing countries. As of 2012, IFC has 184 member countries and total assets of USD 75.8 billion.
About Subsidiary Bank Sberbank of Russia Joint Stock Company (Sberbank Kazakhstan)
Subsidiary Bank Sberbank of Russia Joint Stock Company (SBK), a Kazakhstani commercial bank subsidiary of Sberbank Russia. As of 2012, SBK reported total assets of KZT 727.7 million (USD 4.8 million). Information on number of clients, gross loan portfolio, deposits, active borrowers, return on assets (ROA) and return on equity (ROE) are not available.
About Sberbank of Russia
Sberbank of Russia is a government-owned commercial bank based in Moscow. Sberbank serves 101 million clients in Belarus, Kazakhstan, Russia, Turkey and Ukraine. As of 2012, Sberbank reported total assets of RUB 15.1 trillion (USD 469.7 billion), gross loan portfolio of RUB 5.2 trillion (USD 161.8 billion), deposits of RUB 4.1 trillion (USD127.6 billion), ROA of 2.7 percent and return on equity ROE of 24.2 percent.
Sources and Additional Resources
[1] International Finance Corporation Story, “IFC Supports SB Sberbank JSC in Kazakhstan to Increase Access to Finance for Small and Medium Enterprises,” http://www.ifc.org/ifcext/pressroom/IFCPressRoom.nsf/0/79416202A7BD8A2C85257B730037AB07
MicroCapital Story, June 2, 2013, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $10m to KazMicroFinance of Kazakhstan for Micro-, Small, Medium-Sized Enterprises in Rural Areas,” https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-to-loan-10m-to-kazmicrofinance-of-kazakhstan-for-micro-small-medium-sized-enterprises-in-rural-areas/
MicroCapital Story, February 26, 2013, “MICROCAPITAL BRIEF: Microcredit Regulation in Kazakhstan to Require Minimum Capital of $200k, Client Disclosure Norms,” https://www.microcapital.org/microcapital-brief-microcredit-regulation-in-kazakhstan-to-require-minimum-capital-of-200k-client-disclosure-norms/
MicroCapital Story, February 21, 2013, “MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $3m to Arnur Credit to Support Micro- and Small Enterprises in Rural Kazakhstan,” https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-loans-3m-to-arnur-credit-to-support-micro-and-small-enterprises-in-rural-kazakhstan/
MicroCapital Story, November 4, 2012, “MICROCAPITAL BRIEF: Absolute Portfolio Management Dual Return Fund Loans $2.5m to KazMicroFinance of Kazakhstan, Imon International of Tajikistan, Frontiers of Kyrgyzstan, Thaneakea Phum of Cambodia,” https://www.microcapital.org/microcapital-brief-absolute-portfolio-management-dual-return-fund-loans-2-5m-to-kazmicrofinance-of-kazakhstan-imon-international-of-tajikistan-frontiers-of-kyrgyzstan-thaneakea-phum-of-cambodia/
MicroCapital Universe Profile: International Finance Corporation
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=International+Finance+Corporation+%28IFC%29#Description_
MicroCapital Universe Profile: Subsidiary Bank Sberbank of Russia Joint Stock Company (Sberbank Kazakhstan)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Subsidiary+Bank+Sberbank+of+Russia+Joint+Stock+Company+%28Sberbank+Kazakhstan%29
MicroCapital Universe Profile: Sberbank of Russia
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Sberbank+of+Russia
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