Related Party Transactions 

In accordance with Federal Law No. 208-FZ “On Joint Stock Companies” of 26 December 1995, the following persons shall be deemed to be related to a company (i.e. to have interest in the conclusion of a transaction by a company):

  • Members of a company’s board of directors (supervisory board).
  • Members of a company’s collective executive body.
  • A shareholder of a company who holds, together with affiliates, 20% or more of the voting rights in the company.
  • A person who conducts the functions of a sole executive body of a company, including an organisation or an individual charged with management functions.
  • Other persons who have the right to give a company instructions, which are binding on the company.

During this year, the Supervisory Board approved a number of transactions, which according to Russian law are regarded as related party transactions. Such transactions involve the issuance of loans and credit lines, guarantees, pledge and direct debit agreements, agreements with the stock exchange and the clearing chamber, acquisition of additional shares issued by Sberbank’s subsidiaries, intercompany operating and services agreements with subsidiary banks and companies, a liability insurance policy covering the liability of the Chairman of the Board and Chief Executive Officer, members of Sberbank’s Management Board, Sberbank and its subsidiaries.

Sberbank entered into all related party transactions in the normal course of business in compliance with its Licence and Charter. Details of all related party transactions are disclosed on the corporate website as part of the documents provided to persons who are entitled to participate in the annual General Shareholders’ Meeting.

History

My Annual Report

Tools