Russia’s biggest lender Sberbank has ceased to be a shareholder in some non-financial assets, the firm said on May 19, as it reviews its strategy. Sberbank stated that it no longer owned Okko online cinema, SberCloud, online checkout terminals Evotor, Zvuk streaming service, and Speech Technology Center; which is a leading Russian developer of biometric technology.
The lender added that it will maintain partnership relations with the firms and continue implementing joint marketing and operational activities. It never said who was the new owner, or owners, of these assets.
In 2021, Sberbank stated that it wanted to become one of Russia’s top three e-commerce players by next year, in a shift away from its core banking businesses.