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Russia · Economy & Business · Hard

Which bank, founded in 1841 under imperial charter by Ludwig Stieglitz, became the state savings institution whose modern successor dominates retail banking?

Answer: Sberbank — Sberbank traces its lineage to savings banks established under Nicholas I; it now holds over a third of all retail deposits.

Sberbank traces its lineage to savings banks established under Nicholas I; it now holds over a third of all retail deposits.

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