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Sberbank will unite the North-Eastern and Far Eastern banks
Chairman of the Far Eastern Bank Evgeny Titov said that the North-Eastern Regional Bank of Sberbank of Russia will become part of the Far Eastern Bank. At the same time, the Magadan Region, Kamchatka Territory and Chukotka related to it will become part of the Far Eastern Bank, and Yakutia - into the Baikal Bank.
Sberbank expects greater efficiency and interaction with customers as a result of such a merger. At the moment, the Far East Bank demonstrates lower efficiency.
As a result of the procedure, the staff of 156 staff should be reduced, mainly from the head office of the Northeastern Bank, with the increase in the number of territorial offices.