Sberbank, the largest bank in Russia and Eastern Europe and the third largest in Europe, recently won an award in the "Business Efficiency" category at the annual "Expert-400."
"The effectiveness of the use of human capital in the financial sector in Russia is on the level of Eastern and Central Europe and second only to countries of the global capital markets," First Deputy Chairman of the Management Board of Sberbank Maksim Poletaev said. "Sberbank remains the flagship of the reforms, improving the situation in the sector and contributing to faster growth in labor productivity."
"The introduction of technologies based on the principles of lean manufacturing increased the efficiency of employee savings of 50 percent," General Director of rating agency Expert RA Dmitry Grishankov said.
The annual rating of the largest Russian companies was implemented in 1995 and is controlled by PricewaterhouseCoopers.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme