Sberbank is a major success story to emerge from Eurozone crisis – FT

This year, Sberbank has completed two landmark deals to expand into Southern and Eastern Europe.

The Russian bank has specifically bought a network of branches belonging to the Austrian lender Österreichische Volksbanken, and has pulled off a major deal by acquiring Turkey’s sixth-largest private bank, DenizBank, in what proved to be Sberbank’s biggest transaction in its 170-year history.

According to The Financial Times, Sberbank emerged from the 2008-2009 financial crisis with a much stronger international position than many of its competitors.

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