DGAP-UK-Regulatory: Sberbank: Sberbank increased its stake in Cetelem Bank up to 74%

DGAP-UK-Regulatory: Sberbank: Sberbank increased its stake in Cetelem Bank up 
to 74%

Sberbank  / Miscellaneous

01.10.2013 09:22

Dissemination of a UK Regulatory Announcement, transmitted by
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The issuer is solely responsible for the content of this announcement.

October 1, 2013, Moscow - Sberbank and BNP Paribas Personal Finance
completed a deal under which Sberbank increased its stake in Cetelem Bank
up to 74%.

As previously announced on July 18, 2013, Sberbank and BNP Paribas Personal
Finance agreed to expand the activity of their joint venture (Cetelem Bank)
after its good performances in the Russian car financing market. Sberbank
has strengthened its strategic positions in the car loan market by
transferring its car loan business, generated through partnerships with car
manufacturers and car dealers (9 programs in total), to Cetelem Bank. In
accordance with the terms of the transaction, Sberbank had to increase its
stake in Cetelem Bank in 2013 from 70% up to 74% leaving the governance
unchanged. After three years, Sberbank has an option to increase its stake
in the Cetelem Bank up to 80% subject to achieving certain agreed business
performance metrics.

The transfer is a part of a large-scale internal reorganization within
Sberbank Group. Sberbank will continue issuing car personal loans at its
branches. The car loan partnership programs with car manufacturers and car
dealers are being transferred from Sberbank to Cetelem Bank. This
specialization is part of the bank's retail strategy and will allow
Sberbank Group to improve its presence in the car loan market, an important
market for Sberbank.

The transfer started in July 2013 and continues smoothly in accordance with
expectations. Before the end of this year Cetelem Bank will transfer all
Sberbank's car partner activity with concentrated effort to assure a
personalized relationship with each of them. In parallel, Cetelem develops
its car loan business using its own sales potential and has already started
4 new programs with car manufacturers on top  of what is transferred from

# # #

Sberbank of Russia
Alexander Baziyan 
Press office  
Tel. +7 (495) 957 5721

Sberbank of Russia is Russia's largest bank and a leading global financial
institution. Sberbank holds almost one third of aggregate Russian banking
sector assets, it is the key lender to the national economy and the biggest
deposit taker in Russia. The Central Bank of the Russian Federation is the
founder and principal shareholder of Sberbank owning 50% of the Bank's
authorized capital plus one voting share, with the remaining 50% held by
domestic and international investors. Sberbank has more than 110 million
individual customers and 1 million corporate clients in 20 countries.
Sberbank has the largest distribution network in Russia with more than
18,000 branches, and its international operations include UK, US, CIS,
Central and Eastern Europe, Turkey and other countries.

The Bank holds the general banking license No.1481 issued by the Bank of
The official website is www.sberbank.ru.

Cetelem Bank Llc offers a wide range of consumer lending products to its
customers that includes personal loans, auto loans, credit cards and cash
loans. Products are available in Cetelem Bank's points of sale - retail
stores and auto dealers. Cetelem Bank is constantly expanding its
geographical presence. Currently the bank operates across 67 regions of
Russia with a workforce of about 6,500 employees.

The Bank holds license No. 2168 issued by the Bank of Russia.
The official website is www.cetelem.ru.

For further information: Marina Bondarenko - tel. +7 (926) 566 5907,

01.10.2013 EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
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Language:           English
Company:            Sberbank
                    19 Vavilova St.
                    117997 Moscow
Phone:              +7-495-957-57-21
E-mail:             media@sberbank.ru
Internet:           www.sberbank.ru
ISIN:               US80585Y3080, RU0009029540, RU0009029557
Listed:             Frankfurt in Open Market (Entry Standard) ; MICEX, RTS
Category Code:      MSC
LSE Ticker:         SBER
Sequence Number:    1679
Time of Receipt:    Oct 01, 2013 09:22:30
End of Announcement                       EquityStory.RS, LLC News-Service
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