ЮГ Times. In Russia’s financial system, Sberbank (Savings Bank) occupies a special place. It ranks first in assets under management, individual deposits and credits issued. Andrei Oreshko, Managing Director of Sberbank’s regional branch in Krasnodar, reasons about the ways that helped them achieve leading positions - both nationwide and in the Kuban region.
Q.: In every region, the situation in the financial market is dependent upon the structure of the regional economy. What is the specificity of the Kuban region in this respect?
A.: Yes, regional peculiarities and economic structure directly affect the financial market. As
for Kuban, it is noted for a high share of agriculture in the regionalgross product. Another peculiarity is transport; the third one is the fact that for many years Kuban has been a most popular relocation destination for Russian citizens. Owing to these factors, regional economy and regional gross product are steadily growing up.
Q.: You have been working as Regional Managing Director for a year only. Nonetheless, what were your biggest achievements on your position?
A.: It hasn’t been a simple year, but I think I have managed to cope with the professional challenges I was facing. And the main proof is our high financial results: in 2015, the bank’s profits exceeded 19 billion rubles.
Q.: How has Sberbank’s credit policy changed lately?
A.: Of course, a crisis is always tough time. When it began, Sbarbank had a huge amount
of loans taken from the Central Bank: more than 3 trillion rubles. And when in December 2014 the Central Bank raised the bank rate to 17%, the cost of those loans also considerably grew. Sberbank then set a task to return this money back to the Central Bank as son as possible. Last year, we managed to return it, so that in the fourth quarter of the year we managed not only
to reach the previous profitability level but to earn 223 billion rubles in net profits. As for our borrowers, their position worsened a lot when the crisis began. So we had to be flexible when reacting to the situation - for instance, we restructured quite a big deal of credits to let our customers settle accounts with us.
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