barrels per day. These and a weaker ruble influenced in part by impending—and now imposed—sanctions by the U.S. on Russia contributed to Gazprom’s $921 million loss over the past 12 months, and its subsequent fall from No. 53 to No. 99 among global public companies overall. Likewise, Rosneft, Surgutneftgas, LukOil and other oil and gas companies dropped significantly in the rankings—from No. 53 to No. 99; No. 251 to No. 309; and No. 99 to No. 467, respectively.
“2020 was a very challenging year for the entire world. [The] pandemic and related change[s] in consumer behavior [and a] collapse of the oil prices threatened a number of sectors of the economy in Russia. Sber had to immediately adapt to the new realities,” Sber CEO Gref said in a statement toThat loan losses were not as bad as feared during the pandemic also played into Sber’s gains.
Gref likewise notes that at the end of 2020 “the youth” represented the majority—70%—of Sber’s new retail clients, with the bank’s total retail clients approaching 99 million, or roughly 68% of Russia’s population. Sber’s corporate clients exceeded 2.7 million, Gref says. and to No. 15 within the worldwide banking industry.