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July 4, 2022
Finance Technologies

VTB chairman discloses exasperation over Yandex, Sber and Tinkoff competition

Russia’s banking landscape is dominated by just a small handful of players – with Sber, VTB, Gazprombank and Alfa Bank holding the largest monopolies. Whilst you might think this paves the way for little competition and complacency, it in fact encourages quite the opposite. Despite owning roughly half of Sber’s assets and a fraction of Sber’s user base, VTB still presents a significant threat to Russia’s largest bank. In 2020, VTB launched a total of 1,280 software development teams The top two players are working overtime to maintain incremental gains on each other across a wealth of verticals which stretch…
VTB chairman discloses exasperation over Yandex, Sber and Tinkoff competition

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