Sberbank’s biggest domestic rival is growing fast

The arrival of German Gref, apparently with a mandate to build Sberbank into at least a regional if not a global banking force, has generated huge excitement among Russian bankers.

Sberbank aims for glory

One of the juicier sub-plots is the potential for competition with the highly regarded departing senior management of Sberbank. Andrei Kazmin has taken over the Russian Post Office and his former second in command at Sberbank, Alla Alyoshkina, has taken over at Sviaz Bank, which is linked to the post office. The expectation is that the post office will expand further into banking in Russia, competing on a national basis through its widespread office network with Sberbank.

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