Sberbank has expanded the functionality of its digital asset platform for individuals who are customers of the bank, Deputy Chairman of the Board of Directors of Sberbank Anatoly Popov said in a statement at Sber Investor Day.
According to him, individuals now have access to the ability to deposit and withdraw funds to pay for transactions with digital financial assets (DFA).
“Sber became the first bank in Russia to be included in the register of information system operators. During the entire operation period, 63 DFA problems were recorded in the Sber information system. The amount of issuance for these issues amounted to approximately 2 billion rubles. “For the bank’s individual customers, this form of investment will be another digital way to raise funds,” he said.
Popov noted that by the end of 2023, the volume of Sber’s loan portfolio for small businesses will exceed 1.5 trillion rubles.
“This is 73% more than at the end of 2022. “This growth is associated with the active development of small businesses into niches vacated after the departure of foreign brands,” he said.
Popov also noted that Sberbank is actively developing alternative methods of financing corporate customers.
“This year we launched an Islamic financing product that allows us to provide funds to legal entities to replenish their working capital. This product allows you to finance a business completely in accordance with Islamic finance standards approved by the international Islamic committee. “Sberbank has already allocated a limit for the first pilot transactions and is in talks with potential borrowers,” he said.
Popov emphasized that Sberbank is the main partner of the state in the construction of university campuses.
“Currently, 3 projects worth 22 billion rubles have been approved and active construction is underway in Nizhny Novgorod, Veliky Novgorod and Ufa, 8 more projects worth 67 billion rubles are under construction,” he concluded.