The report details the Group’s results, initiatives and accomplishments

Sber has unveiled its Group’s 2023 report. Pre-approved by the Sberbank Supervisory Board, the report has been prepared in accordance with the laws of the Russian Federation.

The report has two parts: the Management Report and the ESG Report. The annual report features the key information related to 2023 operations and financial performance, initiatives and accomplishments of the Group, the best practices of corporate governance and sustainability, as well as Sber's long-term vision and its all-new 2026 Strategy.

This is the first time this report has been done in Chinese, in addition to the versions in Russian and English.

Anton Siluanov, minister of finance of the Russian Federation, chairman of the Supervisory Board, Sberbank:

2023 was rather successful for the Russian economy thanks to effective structural adjustment and adaptation of business to the new landscape. Key sectors of the economy were livening up, with investment and household consumption on the rise. The result was a 3,6% bump in GDP. The financial system remained stable, while innovation and technological progress accelerated the creation of competitive services and products. Net profit is the most telling indicator of the banking industry health. Sber’s 2023 result was a record RUB 1.5 trillion, with a 25% return on equity.

I believe that continued innovation and empowerment through AI will secure long-term development and sustainability of business.

Herman Gref, CEO and chairman of the Executive Board, Sberbank:

Sber was fast to adjust to the new environment; we maintained resilience, stability and reliability of all our services amid high demand for credit products, and further strengthened our foothold in the main segments of the Russian banking market.

The rapid development of AI opens up tremendous opportunities for building a new level of trust between people and businesses. We call it human-centricity. This is where we see the basis for Sber's long-term sustainability and our new Strategy 2026 aimed at transforming Sber into a human-centric company.

This extent of business model changes will take time and enormous effort. Luckily, Sber is well versed in large-scale transformations and has approached this new stage in great shape.

The digital annual report in Russia is available on the corporate website at www.sberbank.com. The English and Chinese versions are available on the corporate website in the Sber Group Results section at the link.