DOCSLIB.ORG

Sberbank Slovensko, A.S. Worldreginfo - Fab5d859-8Db0-4D93-A1b8-6756145Aa787 Content

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sberbank Slovensko, A.S. Worldreginfo - Fab5d859-8Db0-4D93-A1b8-6756145Aa787 Content Annual Report 2012 Sberbank Slovensko, a.s. WorldReginfo - fab5d859-8db0-4d93-a1b8-6756145aa787 Content International Network 2 Foreword 3 Management Board 4 Development of the Macro-Economic Environment 5 Business Activity 7 Key Figures 2008 - 2012 8 Shareholders 9 Financial Statements 10 Governing Bodies 11 Independent Auditors’ Report 12 Statement of financial position as at 31 December 2012 13 Income Statement Year ended 31 December 2012 14 Statement of comprehensive income Year ended 31 December 2012 15 Statement of Changes in Equity Year ended 31 December 2012 16 Statement of Cash Flows Year ended 31 December 2012 17 Notes to the Financial Statements Year ended 31 December 2012 20 Supervisory Board Report 84 Declaration on Corporate Governance of Sberbank Slovensko, a.s. 85 Our network 98 Organisation structure 102 WorldReginfo - fab5d859-8db0-4d93-a1b8-6756145aa787 International Network In February 2012 former Volksbank International employees (as at 31. 12. 2012). Sberbank is one of the AG – now Sberbank Europe AG – was acquired by most profi table fi nancial institutions in the world and a Sberbank of Russia. leading market player in delivering innovative products based on excellence and state-of-the-art technology. Sberbank is the largest bank in Russia that accounts for Combined with the local expertise and customer focus almost one third of all Russian banking sector assets. The of our employees, Sberbank Europe is building bridges to Central Bank of the Russian Federation is the founder Eastern business and is a unique banking partner in the and major shareholder of Sberbank, owning 50% of the CEE region, Russia and CIS countries. Since the acquisi- total share capital plus one voting share. Other shares tion by Sberbank we have started a significant transfor- are held by more than 245.000 individual and institu- mation. As an important part of one of the largest, fast- tional est growing, and dynamic banking organisations in the world – we at Sberbank Europe aspire to be recognized investors in Russia and internationally. The bank has the as a game-changing innovator, an emerging leader in largest distribution network in Russia with over 18.000 CEE banking with growing presence and recognition in offi ces as well as subsidiaries in 20 countries includ- Western Europe. We aim to build enduring relationships ing the CIS, Central and Eastern Europe. In September with our customers by being attentive to their needs. As 2012, Sberbank completed the acquisition of DenizBank Sberbank Europe, we are striving to become a bank that AS which is ranked 6th among private and 9th among never stops in further developing itself and its operations all Turkish banks by consolidated total assets. Sberbank for the benefi t of our customers. was named by The Banker magazine as “Bank of the Year” and placed second in a ranking of company stock returns over the past ten years by The Economist. Sber- bank Europe AG manages a banking network of nine universal banks in eight Central and Eastern European countries: Slovakia, Czech Republic, Hungary, Slovenia, Croatia, Bosnia and Herzegovina, Serbia and the Ukraine. In total the bank operates 280 branches and has 4,400 02 SBERBANK SLOVENSKO | ANNUAL REPORT 2012 | INTERNATIONAL NETWORK WorldReginfo - fab5d859-8db0-4d93-a1b8-6756145aa787 Foreword Dear Shareholders, Customers and Friends, steps from the past will not have any impact whatso- the year 2012 was critical for our bank in all aspects. ever. However, the financial result for 2012 – the loss of The acquisition of the Volksbank International Group 47.7 million € – is the price, which had to be paid by us. by Sberbank, the largest Russian bank, was completed The new majority shareholder, Sberbank Europe AG, fully in February. We have become part of the third strong- supported such measures and increased the Bank’s reg- est bank in Europe (in terms of market capitalisation). Its istered capital by 75 million €. Thus his intention of long- capital strength, as well as quality products and services, term operation in the Slovak market has been proved. provide us with a good basis for further development. It was an important step for Sberbank itself in perfor- The Sberbank Group has proved its enduring interest in mance of its international strategy and set-up of a global Slovakia also thorough the unique agreement on coop- corporation. eration, which was signed by Igor Lichnovsky, CEO of the Eximbank of the Slovak Republic, and Herman Gref, The new owner has brought a whole series of innova- CEO of Sberbank of Russia, on 21st November 2012. This tions and changes. The Bank’s management and sen- agreement is mainly aimed to support exporters from ior officers were changed significantly. Several projects Slovakia in their penetration to foreign markets through have been commenced, which transfer the latest bank- insurance, guarantee and credit products. ing technology, developed by Sberbank of Russia, to everyday life of our Bank, e.g. in the area of risks man- The transformation process started to reflect in our most agement, or automated approval process of consumer important activity – business as well. The last quarter loans. The Bank’s new strategy was drawn – up, dis- of 2012 was very successful for us, as we managed to cussed and adopted. It is focused on areas, which we increase corporate loans by 4.5%, while the overall mar- know best and where we can use our expertise, contacts ket went down by 1.7%. Individual deposits rose by 10.7%, and strength of our banking group. We would like to be- which is a quadruple growth over the market. Such good come a bridge to the East for Slovak entrepreneurs, who results are promising and constitute a good base for operate in the markets of Russia and the Community of 2013. Independent States and provide commercial and invest- ment flows between Slovakia and the Russian and CIS Return to profit after two years, through performance of markets. Based on our history, we are predestined to the Bank’s new strategy, is the Bank’ s main assignment focus on SMEs, being a backbone of our economy. Indi- for 2013, while we will adhere to the basic principle – we vidual customers are also very important for us. We pro- respect you as a customer and will treat you as a friend. vide them with first grade products, which use current We will pursue open and friendly approach and strive to technologies with minimal administrative burden. We improve our products and services to the benefit of our plan to enhance our customer base significantly, based customers. on such approach. We had to cope with the heritage of the past in the last year. We created provisions on our credit portfolio, worth 70.9 million €, while this decision guarantees that wrong SBERBANK SLOVENSKO | ANNUAL REPORT 2012 | FOREWORD 03 WorldReginfo - fab5d859-8db0-4d93-a1b8-6756145aa787 Management Board JUDr. Samuel Vlčan – Chairman of the Management Board Dipl.-Kfm. Manfred Gram – Member of the Management Board Nedialko Radikov – Member of the Management Board 04 SBERBANK SLOVENSKO | ANNUAL REPORT 2012 | MANAGEMENT BOARD WorldReginfo - fab5d859-8db0-4d93-a1b8-6756145aa787 Development of the Macro-Economic Environment volume of resources for production inputs in the export On the Threshold of industry. Moreover, we have to expect that while the last year’s foreign trade surplus benefited from the sta- the Year of Challenges tistical impact of a lower comparable base, this year will be contrariwise, and this year’s foreign trade results will Slowdown in economic growth at the end of the be compared with the last year’s record foreign trade year reminded us of risks, Slovakia’s economy surplus. will have to face in 2013. Six out of thirteen sectors of the industrial production in The Slovak economy reported the slowest real y/y GDP Slovakia faced the y/y slump in the industrial production growth since the previous recession in the last quarter in the last year already. of 2012. Although the result (+0.7%) has corresponded with our forecast (the prognosis of Sberbank Slovensko The environment of the increased unemployment rate, a.s. within the survey of Thomson Reuters agency was which reports the highest levels since May 2004, com- +0.6%), together with the last-year slump in the regis- bined with uncertain prospects of the employment tered unemployment and diminished industrial produc- market, usually results in dropped consumer confidence tion, it represented another issue before a demanding and increased saving tendency of households. year, Slovakia will be confronted with. Moreover, it is also required to add that there is a delay over compara- Thus the most important factor of the growth in Slova- ble neighbours in the Czech Republic and Hungary, who kia will be prospects for gradual economic recovery in experienced the slip back into recession in the last year. the eurozone in the second half of 2013, as indicated by several advanced indices, including the IFO, the German The prognosis of the real GDP growth for this year is ac- business confidence index, which has reported improve- companied by a higher than usual uncertainty due to ment within three consecutive months already. poor prospects of domestic demand, evolution of invest- ments, as well as a threat of slowed external demand for The IFO, the German business confidence index, is based our exports. on a conducted survey of 7,000 German companies. It has proved to be a very good barometer of further de- Not taking into account positive impacts of the largest velopment of the real economy of Germany in the last export sectors, household final consumption, companies’ twenty years. The business confidence index comprises investments, as well as industrial production in six out of two main components: entrepreneurs’ sentiment about thirteen sectors in Slovakia reported evolution, typical of current business situation and their expectations for the recession, which effected the comparable economies of next six months.
Load more

Recommended publications
  • Annual Report 2017 Table of Contents 2
    ANNUAL REPORT ’17 SBERBANK CZ, A.S. 1. TABLE OF CONTENTS 1. TABLE OF CONTENTS 000 2. SBERBANK CZ, A.S., PROFILE 001 3. INTRODUCTION BY THE MANAGEMENT BOARD 002 4. KEY FIGURES IN SUMMARY 003 5. MOST IMPORTANT EVENTS OF THE YEAR 004 6. SBERBANK GROUP 006 7. GOVERNING BODIES 008 8. ORGANISATION CHART 015 9. ECONOMIC CONDITIONS 016 10. REPORT OF THE MANAGEMENT BOARD 017 11. PRODUCTS AND SERVICES 026 12. RISK MANAGEMENT 028 13. CORPORATE GOVERNANCE 032 14. REMUNERATION 042 15. SOCIAL RESPONSIBILITY 044 16. ADDITIONAL INFORMATION 047 17. ALTERNATIVE PERFORMANCE INDICATORS 050 18. FINANCIAL STATEMENTS 052 19. QUANTITATIVE INDICES 136 20. CAPITAL REQUIREMENTS 137 21. REPORT ON RELATIONSHIP 138 22. AFFIDAVIT 148 23. INDEPENDENT AUDITOR’S REPORT 149 24. OUR NETWORK 154 This annual report of Sberbank CZ, a.s. provides a true and accurate picture of the financial position, business activities and profit and loss of the Bank for the previous fiscal period and of the outlook of the future financial situation, business activities and profit and loss. The data and information in this report are always reported as of 31 December 2017, unless otherwise stated. SBERBANK CZ | ANNUAL REPORT 2017 TABLE OF CONTENTS 2. SBERBANK CZ, A.S., PROFILE Corporate name Sberbank CZ, a.s. Company identification number 25083325 Tax identification number CZ25083325 Registered office U Trezorky 921/2, Jinonice, 158 00 Prague 5, Czech Republic Legal form Joint-stock company Registration Incorporated in the Commercial Register maintained by the Municipal Court in Prague, Section B, Insert 4353 Date of incorporation 31 October 1996 Subject of enterprise Banking transactions and financial services of all kinds in accordance with Sections 1 (1) a), 1 (1) b) and 1 (3) a) – o) of Act No.
    [Show full text]
  • Annual Report 2018 ABOUT THIS REPORT 02
    AnnuAl RepoRt 2018 ABOUT THIS REPORT 02 1 / 2 ABOUT THIS REPORT Approach to the Report Boundaries of the Report Approval of the Report This Annual Report of Sberbank of Russia ¹ for 2018 (the “Report”) The financial data are presented in the Report Information on sustainable development is consoli- This Report received preliminary approv- in accordance with the IFRS consolidated financial dated by the major participants of the Group, which al by the Supervisory Board of Sberbank includes the performance results of Sberbank and its subsidiaries ² statements, unless otherwise specified in the text of have a significant impact on their regions of pres- (Minutes No. 11 of April 16, 2019). for the reporting period from January 1, 2018, to December 31, 2018. the Report. ence, and Sberbank Corporate University. The reliability of the data in the Report was con- Operational data are presented for PJSC Sberbank firmed by the Audit Committee of Sberbank. unless otherwise specified in the text of the Report. The Report has been prepared in accordance with In addition, the contents of the Report The Report was approved by the Annual General the legislation of the Russian Federation, including: comply with the following documents: Shareholder Meeting of Sberbank as of May 24, 2019 (Minutes No 32 as of May 29, 2019). ♦ Federal Law No. 39-FZ “On the Securities ♦ Requirements of the Moscow Stock The term “Group” as used in the sections “People: Nurturing New Skills in Effective Teams” Market” dated April 22,1996; Exchange on the preparation of annu- and “Impact on Society” includes Sberbank Corporate University and the following: al reports by joint stock companies; ♦ Federal Law No.
    [Show full text]
  • Sberbank Europe Sustainability
    Sustainability Report Sberbank Europe Sberbank Europe AG Schwarzenbergplatz 3 1010 Vienna, Austria Tel. +43 1 22732 0 offi[email protected] www.sberbank.at Foreword We can only succeed by caring about the wellbeing of our employees, fostering diversity, team spirit and corporate culture. Above all, we want to enhance energy efficiency by a sustainable resources manage- ment. Being part of Sberbank of Russia, the largest Russian bank that has a long tradition in Corporate Social Responsibility, our sustainability mission is clear: We strive to always act responsibly, with highest atten- tion to the wellbeing of the society, our employees and the protection of the environment. We aim to do our business in a way that is in the interest of all par- ties Sberbank Europe interacts with. Sonja Sarközi, CEO Sberbank Europe Dear readers, In every activity we do, we want to serve the needs of our clients and to meet the expectations of our stakeholders. In 2018, Sberbank Europe conducted a group-wide sustainability survey in order to learn about our stakeholders’ priorities and expectations from Sberbank Europe in the area of sustainability. The outcome of the survey builds the foundation of Sberbank Europe sustainability report 2018. Sberbank Europe will continue its efforts to ensure the quality and accessibility of products and services based on extraordinary customer experience. Being present in eight markets in Central and Southeast- ern Europe, Sberbank Europe aims to contribute to regional economic development and prosperity by providing financial solutions to local customers. SBERBANK EUROPE SUSTAINABILITY REPORT 2018 1 2 SBERBANK EUROPE SUSTAINABILITY REPORT 2018 Sberbank Europe Headquarters at Schwarzenbergplatz in Vienna Introduction to the report Sberbank Europe recognizes the need to regularly Reporting requirement according to NaDiVeG: Since provide reports on its impact on society, the econo- 2017, the Sustainability and Diversity Improvement my and the environment.
    [Show full text]
  • Sberbank A.D. Banja Luka Sberbank A.D
    Godišnji izvještaj Annual Report Sberbank a.d. Banja Luka Sberbank a.d. Banja Luka Jevrejska 71 78 000 Banja Luka Kontakt centar: 0800 59 999 Tel.: 00387 51 24 11 00 Faks: 00387 51 21 33 91 www.sberbankbl.ba 2 SBERBANK a.d. Banja Luka | GODIŠNJI IZVJEŠTAJ 2017 | SBERBANK EUROPE I SBERBANK BANJA LUKA Sadržaj/Content SBERBANK EUROPE 3 RIJEČ UPRAVE 4 ORGANI UPRAVLJANJA 6 MAKROEKONOMSKO OKRUŽENJE 7 ANALIZA POSLOVANJA 9 FINANSIJSKI IZVJEŠTAJI 23 IZVJEŠTAJ O FINANSIJSKOM POLOŽAJU 26 IZVJEŠTAJ O SVEOBUHVATNOJ DOBITI 27 IZVJEŠTAJ NEZAVISNOG REVIZORA 25 IZVJEŠTAJ O NOVČANOM TOKU 29 NAPOMENE UZ FINANSIJSKE IZVJEŠTAJE 30 SBERBANK EUROPE 98 FORWORD BY MANAGEMENT BOARD 99 GOVERNING BODIES 101 ECONOMIC ENVIRONMENT 102 BUSINESS ANALYSIS 104 FINANCIAL STATEMENTS 117 INDEPENDENT AUDITORS’ REPORT 119 STATEMENT OF FINANCIAL POSITION 120 STATEMENT OF COMPREHENSIVE INCOME 121 STATEMENT OF CASH FLOWS 123 NOTES TO THE FINANCIAL STATEMENTS 124 NAŠA MREŽA / OUR NETWORK 188 Centrala / Head Office 188 Mreža poslovnica/ Branch network 188 SBERBANK a.d. Banja Luka | GODIŠNJI IZVJEŠTAJ 2017 | SBERBANK EUROPE I SBERBANK BANJA LUKA 2 Sberbank grupacija O Sberbank Europe Lakoća: Sberbank Europe će i dalje raditi na konstatnom unapređivanju svog poslovanja, i upravljanja kroz cijelu Sberbank Europe AG sa sjedištem u Beču je bankarska Gru- Grupaciju, na najučinkovitiji način. pacija u 100% vlasništvu Sberbank Rusija najveće banke u Federaciji Rusije koja servisira više od 70% ruske populacije. Nefinansijski pokazatelji uspjeha Sberbank Europe, je prisutna na osam tržišta u Evropi: u Aus- triji, Njemačkoj, Bosni i Hercegovini (Sarajevo i Banja Luka), Sberbank Europe prepoznaje potrebu redovnog Hrvatskoj, Češkoj, Mađarskoj, Sloveniji i Srbiji.
    [Show full text]
  • Sberbank Europe AG Financial Statement 2019
    Sberbank Europe AG, Vienna Report on the Audit of the Financial Statements as of December 31, 2019 (Translation) Notwithstanding any statutory right of third parties to receive or inspect it, this audit report is addressed exclusively to the governing bodies of the Company. The digital copy may not be distributed to third parties unless such distribution is expressly permitted under the terms of engagement agreed between the Company and Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. Considering the requirements of Sec. 274 (7) and (8) Austrian Company Code (UGB), the electronic version does not replace the hardcopy but is an electronic copy thereof. non-binding electronic copy We draw attention to the fact that the English translation of this audit report according to Section 273 of the Austrian Commercial Code (UGB) is presented for the convenience of the reader only and that the German wording is the only legally binding version. Sberbank Europe AG, Vienna Report on the Audit of the Financial Statements as of December 31, 2019 (Translation) Duplicate Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. 1220 Wien, Wagramer Straße 19, IZD-Tower Tel.: [43] (1) 211 70 Fax: [43] (1) 216 20 77 E-Mail: [email protected] URL: www.ey.com/austria non-binding electronic copy Sberbank Europe AG, Vienna December 31, 2019 TRANSLATION TABLE OF CONTENT Page 1. Audit contract and performance of the engagement 1 2. Breakdown and description of significant items in the financial statements 2 3. Summary of audit findings 3 3.1. Compliance of the accounting system, the financial statements and of the management report 3 3.2.
    [Show full text]
  • Sberbank CZ Annual Report (Unaudited)
    Sberbank CZ Annual Report (Unaudited) This version of the annual report was prepared for marketing purposes and has not been audited. Sberbank CZ Annual Report 2020 1. Table of Contents 1. Table of Contents 2. Bank Profile 3 3. Introduction by the Management Board 4 4. Key Figures in Summary 6 5. Most Important Events of the Year 7 6. Sberbank Group 9 7. Bank Bodies 12 8. Organisational Chart 27 9. Economic Conditions 28 10. Report of the Management Board 29 11. Products and Services 40 12. Risk Management 42 Sberbank CZ Annual Report 2020 13. Corporate Governance 47 14. Remuneration 58 15. Corporate Social Responsibility 61 16. Additional Information 64 17. Alternative Performance Indicators 67 18. Financial Statements 70 19. Quantitative Indicators 174 20. Capital Requirements 175 21. Report on Relationships 176 22. Affidavit 186 23. Independent Auditor's Report 187 24. Our Network 188 This annual report provides a true and accurate picture of the financial position, business activities and profit and loss of the Bank for the previous fiscal period and of the outlook for the future financial situation, business activities and profit and loss. Unless otherwise stated, the data and information in this report are always reported as of 31 December 2020. 1 Sberbank CZ Annual Report 2020 Sberbank CZ, centrála photo copyright: © Penta Investments 2 Sberbank CZ Annual Report 2020 2. Bank Profile Corporate name Sberbank CZ, a.s. Company identification number 25083325 Tax identification number CZ25083325 Registered office U Trezorky 921/2, Jinonice, 158 00 Prague 5, Czech Republic Legal form Joint-stock company File No.
    [Show full text]
  • Sberbank Europe Nachhaltigkeitsbericht 2020
    Sberbank Europe Nachhaltigkeitsbericht NICHTFINANZIELLER BERICHT 2020 SBERBANK EUROPE NACHHALTIGKEITSBERICHT Vorwort Im vergangenen Jahr haben die Töchterbanken der Sberbank Europe über ihre Bankdienstleistungen hinaus zahlreiche lokale Initiativen und Organisationen unterstützt. Die Stiftung der Sberbank Tschechien unterstützte Senioren und sehbehinderte Menschen. Sberbank Bosnien und Herzegowina spendete Schutzanzüge für örtliche Krankenhäuser. Sberbank Banja Luka half beim Kauf von Atemschutzmasken, Coronavirus- Tests und Schutzausrüstungen für medizinische Zentren. Unsere kroatischen Kollegen beteiligten sich mit großzügigen Spenden für Menschen in Kroatien, die von dem verheerenden Erdbeben in Zagreb im März 2020 betroffen waren. Für 2021 und darüber hinaus wollen wir uns als Sberbank Europe für unsere Stakeholder Tag für Tag verbessern und unsere Bankengruppe zu einer starken digitalen Bank weiterentwickeln. Wir möchten auch Sonja Sarközi, CEO Sberbank Europe weiterhin unseren Kunden transparente Produkte zu fairen Konditionen und einen außergewöhnlichen Liebe Leserinnen und Leser, Service anbieten und dabei unser Ziel nie aus den Augen verlieren: Kunden für ein Leben lang Für uns in der Sberbank Europe ist es ein besonderes zu gewinnen. Mit einer Präsenz in acht Märkten und stetiges Anliegen, unsere Gesellschaft aktiv und Zentral- und Südosteuropas unterstützt die positiv mitzugestalten. Vor allem in turbulenten Sberbank Europe mit ihren Finanzierungen die Zeiten wie diesen bieten wir als Bank Menschen und Projekte regionaler Kunden und trägt somit zur Unternehmen, die uns brauchen, einen wichtigen Weiterentwicklung und zum wirtschaftlichen Erfolg Service. der Region CEE/SEE bei. Praktisch über Nacht veränderte die COVID-19- Ich bin überzeugt, dass der beste Weg, um die Pandemie die Art und Weise, wie wir leben und Sorgen dieser stürmischen Tage zu überwinden darin arbeiten.
    [Show full text]
  • Annual Report 2018 Table of Contents 001 2
    ANNUAL REPORT ’18 SBERBANK CZ, A.S. 1. TABLE OF CONTENTS 1. TABLE OF CONTENTS 001 2. BANK PROFILE 002 3. INTRODUCTION BY THE MANAGEMENT BOARD 003 4. KEY FIGURES IN SUMMARY 004 5. MOST IMPORTANT EVENTS OF THE YEAR 005 6. SBERBANK GROUP 008 7. BANK BODIES 010 8. ORGANISATIONAL CHART 022 9. ECONOMIC CONDITIONS 023 10. REPORT OF THE MANAGEMENT BOARD 024 11. PRODUCTS AND SERVICES 034 12. RISK MANAGEMENT 036 13. CORPORATE GOVERNANCE 040 14. REMUNERATION 050 15. CORPORATE SOCIAL RESPONSIBILITY 053 16. ADDITIONAL INFORMATION 056 17. ALTERNATIVE PERFORMANCE INDICATORS 060 18. FINANCIAL STATEMENTS 062 19. QUANTITATIVE INDICATORS 162 20. CAPITAL REQUIREMENTS 163 21. REPORT ON RELATIONSHIPS 164 22. AFFIDAVIT 174 23. INDEPENDENT AUDITOR’S REPORT 175 24. OUR NETWORK 180 This annual report provides a true and accurate picture of the financial position, business activities and profit and loss of the Bank for the previous fiscal period and of the outlook for the future financial situation, business activities and profit and loss. Unless otherwise stated, the data and information in this report are always reported as of 31 December 2018. SBERBANK CZ | ANNUAL REPORT 2018 TABLE OF CONTENTS 001 2. BANK PROFILE Corporate name Sberbank CZ, a.s. Company identification number 25083325 Tax identification number CZ25083325 Registered office U Trezorky 921/2, Jinonice, 158 00 Prague 5, Czech Republic Legal form Joint-stock company File No. in the Commercial Register B 4353 maintained by the Municipal Court in Prague, Section B, Insert 4353 Date of incorporation 31 October 1996 Subject of enterprise Banking transactions and financial services of all types in accordance with Sections 1(1) a), 1(1) b) and 1(3) a) – o) of Act No.
    [Show full text]
  • Riding the Wind of Change
    RIDING THE WIND OF CHANGE GORENJE GROUP 2012 ANNUAL REPORT WorldReginfo - 107afaeb-aff2-48c7-879f-f3f5fd15a4b3 TABLE OF CONTENTS GORENJE GROUP IN THE YEAR 2012 BUSINESS REPORT ACCOUNTING REPORT 2 TABLE OF CONTENTS I. GORENJE GROUP IN THE YEAR 2012 3 III. ACCOUNTING REPort 85 Performance Highlights 4 Accounting Report of the Gorenje Group 86 2012 In Pictures and Words 5 Consolidated Financial Statements of the Gorenje Group 86 Letter from the President of the Management Board 8 Notes to the Consolidated Financial Statements 94 Independent Auditor’s Report 139 Supervisory Board Report 10 Accounting Report of the company Gorenje, d.d. 146 Restructuring our Manufacturing Operations 14 Financial Statements of Gorenje, d.d. 146 Developing Home Products 17 Notes to the Financial Statements 154 Our Markets 29 Independent Auditor’s Report 203 Deleveraging and Restructuring our Financial Debt 35 2012: First Year of Strategic Plan Implementation 37 Plans for 2013 39 Corporate Governance Statement 40 Gorenje Management Board 40 Supervisory Board 43 Corporate Governance Code Compliance Statement 49 General Meeting of Shareholders 50 Investor Relations 51 Social Responsibility 54 Responsibility Towards Employees 54 Responsibility Towards Natural Environment 57 Responsibility Towards Social Environment 57 II. BUSINESS REPort 59 Business Segments in Brief 60 Operating Performance of the Gorenje Group 62 Operating Performance of the Business Segment Home 68 Operating Performance of the Business Segment Ecology 70 Operating Performance of the Business Segment
    [Show full text]
  • Sberbank Europe Sustainability Report 2019
    Sberbank Europe Sustainability Report 2019 SBERBANK EUROPE SUSTAINABILITY REPORT Foreword It goes without saying that we take a heavily customer-focused approach to all our activities. Sberbank Europe will push forward with its efforts to ensure the quality and accessibility of products and services based on extraordinary customer experience. Active in eight markets in Central and Southeastern Europe, Sberbank Europe aims to contribute to regional economic development and prosperity by providing financial solutions to local customers. The wellbeing of our employees is also an important part of our sustainability approach. Sberbank Europe has a corporate culture which places great emphasis on diversity and team spirit. We support our employees in their further development and promote their commitment. Above all, we want to enhance energy efficiency through sustainable resource management. Sonja Sarközi, CEO Sberbank Europe As part of Sberbank of Russia, the largest Russian bank that has a long tradition in corporate social Dear readers, responsibility, our sustainability mission is clear – we strive to always act responsibly, paying the For Sberbank Europe, contributing to our society in utmost attention to the wellbeing of our society, our a proactive and constructive way is a huge priority. employees and the protection of the environment. That’s why 2019 was marked by numerous initiatives We aim to conduct business in a way that is in the and further developments throughout the entire interest of all parties Sberbank Europe interacts with. banking group in the area of sustainability. On behalf of our Management Board, I would like To name just two examples from our subsidiary to thank all our employees for their commitment to banks, Sberbank CZ issued “green” consumer credit sustainability.
    [Show full text]
  • Press Release
    Sberbank Hungary Ltd. Rákóczi út 1-3., 1088 Budapest, Hungary Tel.: + 36 1 411-4200 [email protected]; www.sberbank.hu PRESS RELEASE Budapest, 10 August 2019 Sberbank Hungary Ltd. has sold non-performing retail mortgage loan receivables Sberbank Hungary Ltd. announces that it concluded an agreement in relation to the transfer on a non-recourse basis (pro-soluto) of non-performing retail mortgage loan receivables with the locally- licensed Hungarian financial enterprise, MKK Zrt. The transaction affects exclusively individual Hungarian non-performing loan receivables and has a total claim value of approximately EUR 45,6 million (HUF 14,8 billion). The transaction will allow Sberbank Hungary Ltd. to further improve the quality of the loan portfolio and to focus the resources and assets even more on development of its business activity in Hungary. 1 About Sberbank Hungary Ltd. Sberbank Hungary Ltd. (formerly known as Volksbank Hungary Ltd.) is the subsidiary of the Austrian Sberbank Europe AG, and it offers universal banking services in Hungary to private individuals, micro enterprises, SMEs and corporate clients. The Bank operates successfully on the Hungarian market since 1993. Website: www.sberbank.hu About Sberbank Europe Group Sberbank Europe Group, headquartered in Vienna, Austria, is a banking group that is 100% owned by Sberbank of Russia. Sberbank Europe Group is present in eight markets in Central and Eastern Europe (CEE): Austria, Germany, Bosnia and Herzegovina, Croatia, Czech Republic, Hungary, Slovenia and Serbia. Sberbank Europe Group has around 713,000 customers, operates 188 branches, and employs more than 4,000 employees across Europe. The total assets of Sberbank Europe amount to EUR 11.6 bn (as of December 2018).
    [Show full text]
  • SBERBANK EUROPE SUSTAINABILITY REPORT 2017 21 Talent Management and Learning & Development
    Sustainability Report Sberbank Europe Sberbank Europe AG Schwarzenbergplatz 3 1010 Vienna, Austria Tel. +43 1 22732 0 offi[email protected] www.sberbank.at TABLE OF CONTENT 05 Introduction 06 ABOUT SBERBANK EUROPE 07 Sberbank Europe’s business model 07 Sberbank Europe’s products & services 08 Our corporate values 09 SBERBANK EUROPE SUSTAINABILITY APPROACH 09 What matters to our stakeholders? 10 Our priorities 11 PRODUCTS AND SERVICES 11 Our retail customers 12 Ensuring quality and accessibility of our products and services 13 - Omni-channel access 14 Providing financial solutions to corporate clients 14 - Bridge to Russia 15 - Single point of contact 15 Our service: offline and online 15 - Check by Sberbank 16 Responsible financing 17 - Regional impact 17 Focus on sustainable industries 18 EMPLOYEES 18 Health and work-life balance 19 Diversity 19 Teambuilding and corporate culture 21 Remuneration 2 SBERBANK EUROPE SUSTAINABILITY REPORT 2017 21 Talent Management and Learning & Development 23 ENVIRONMENT 23 Enhancing energy efficiency at Sberbank Europe 25 Our properties – our commitment 25 - Our best practices 26 Mobility and travelling 26 - Travel management 27 - Car fleet management 28 Environmental aspects in the employee restaurant of SBAG 29 COMPLIANCE 30 SECURITY AT SBERBANK EUROPE 30 Security organization 31 Physical Security 31 - Employees 31 - Buildings (branches and HQ) 31 - Personal protection 31 Information security 32 Business Continuity and Crisis Management 32 Data protection 33 CHARITY AND SPONSORSHIP 33 - Society, education
    [Show full text]