Sberbank throws its weight into investment banking

Sberbank already dominates Russian corporate banking, with a market share of just over 30% - more than three times its nearest rival, VTB. Now it is throwing its weight into investment banking, starting with the acquisition for an initial $1 billion of local investment bank Troika Dialog. The firms...

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Bibliographic Details
Published in:Euromoney 2012-01
Main Author: Dominic Oaeuro (TM)Neill
Format: Article
Language:English
Subjects:
Bank acquisitions & mergers
Banking industry
Capital markets
Corporate banking
Emerging markets
Eurozone
Investment banking
Market entry
Market shares
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Summary:Sberbank already dominates Russian corporate banking, with a market share of just over 30% - more than three times its nearest rival, VTB. Now it is throwing its weight into investment banking, starting with the acquisition for an initial $1 billion of local investment bank Troika Dialog. The firms have already been working together closely during the second half of 2011 to gather mandates for M&A and capital markets deals. The best way to sell fees and commission products is through being able to say you can add it to financing, says Anton Karamzin, CFO at Sberbank.
ISSN:0014-2433