Sber­bank helps clients re­fund 3b rou­bles

The Pak Banker - - COMPANIES/BOSS - MOSCOW -REUTERS

Over 25,000 Sber­bank clients re­turned al­most 3 bil­lion rou­bles in taxes due to the in­come tax re­fund ser­vice. The ser­vice was launched a year ago. Taxes can be re­turned if a client pur­chases real es­tate, pays for ed­u­ca­tion or med­i­cal treat­ment, takes out life in­sur­ance, makes con­tri­bu­tions to a pri­vate pen­sion fund or opens an in­di­vid­ual in­vest­ment ac­count.

Act­ing Di­rec­tor of Sber­bank's Bor­row and Save Di­vi­sion Maxim Stepochkin said, "Thanks to Sber­bank's ser­vice, clients don't need to spend time fill­ing out tax re­turns. All they have to do is send an ap­pli­ca­tion via the site and speak to their per­sonal con­sul­tant on the phone to clar­ify the de­tails.

The con­sul­tant will then fill out a tax re­turn, and even send it to the tax ser­vice if the client has se­lected the max­i­mum ser­vice pack­age. Af­ter the tax in­spec­tion has been com­pleted, the tax re­fund is trans­ferred to the client's bank card.

The most pop­u­lar tax re­funds are for in­ter­est on mort­gages and real es­tate pur­chases. In 2017 Sber­bank pro­vided a record num­ber of mort­gagees, so we ex­pect that next year the tax re­fund ser­vice will be even more pop­u­lar."

Mean­while, Sber­bank is of­fer­ing a new ser­vice to the hold­ers of the Sber­bank Premier and Sber­bank First pack­ages. Now all hold­ers of the Sber­bank Premier ser­vice pack­age can once per year get a 3-NDFL form (in­come tax re­turn) filled out for free, while VIP clients who hold the Sber­bank First ser­vice pack­age can take ad­van­tage of this and also have their tax re­turns sub­mit­ted to the tax of­fice.

Taxes can be re­turned if clients have pur­chased real es­tate, paid for ed­u­ca­tion or med­i­cal treat­ment, taken out life in­sur­ance, made con­tri­bu­tions to a pri­vate pen­sion fund, or opened an in­di­vid­ual in­vest­ment ac­count.

As in­vest­ment prod­ucts are mainly pur­chased by clients of Sber­bank Premier and Sber­bank First, this ser­vice should be of par­tic­u­lar in­ter­est to them. For ex­am­ple, if in­vest­ment or sav­ings life in­sur­ance prod­ucts are pur­chased to a sum of 120,000 rou­bles, 15,600 rou­bles (13%) can be re­turned. If an in­di­vid­ual in­vest­ment ac­count is opened with a sum of 400,000 rou­bles, in ad­di­tion to the in­come gen­er­ated by the in­vest­ment, the client can get back at least 52,000 rou­bles next year.

Act­ing Di­rec­tor of Sber­bank's Bor­row and Save Di­vi­sion Maxim Stepochkin said, "Thanks to the tax re­fund ser­vice we save our clients' time and save them from hav­ing to get to grips with the nu­ances of fill­ing in tax re­turns. In ad­di­tion, now it will be eas­ier for our clients to man­age their capita.

For ex­am­ple, they can buy in­vest­ment or sav­ings life in­sur­ance prod­ucts or open in­di­vid­ual in­vest­ment ac­counts and de­rive the largest pos­si­ble ben­e­fit from them with­out any ad­di­tional ef­fort or ex­pense."

More­over, Sber­bank's Su­per­vi­sory Board con­sid­ered ma­te­ri­als re­lated to Sber­bank's De­vel­op­ment Strat­egy for 20182020. It de­cided that these ma­te­ri­als should be sup­ple­mented and pre­sented for the ap­proval of the Su­per­vi­sory Board at its meet­ing sched­uled for De­cem­ber 12, 2017.

It con­sid­ered Sber­bank's 9M17 Re­port and 10M17 Fi­nan­cial Re­sults Re­view, in­for­ma­tion about 9M17 re­sults of the au­dit con­ducted by the In­ter­nal Au­dit Ser­vice, 3Q17 Risk Re­port, and the 3Q17 Re­port on Mon­i­tor­ing of Rat­ing Sys­tems taken into ac­count dur­ing the credit risk cal­cu­la­tion on the ba­sis of the bank's in­ter­nal rat­ing.

The ac­tion plan of the In­ter­nal Au­dit Ser­vice for 2018, amend­ments to the first part of the Se­cu­rity Is­sue De­ci­sion (Ex­change-Traded Bonds) and the Se­cu­ri­ties Prospect were ap­proved. The Su­per­vi­sory Board de­ter­mined the ma­te­ri­al­ity thresh­old for 2018 as to­talling one per­cent of Sber­bank's eq­uity ( cap­i­tal) as of Jan­uary 1, 2018 for the pur­pose of ad­just­ing re­mu­ner­a­tion for Sber­bank's risk-tak­ing em­ploy­ees.

To con­duct their first on­line ad­ver­tis­ing cam­paign, Sber­bank, and its part­ners Mail.Ru Group, Google, and Yan­dex ex­tended their spe­cial of­fer - a bonus for en­trepreneurs and small busi­nesses of up to 120,000 rou­bles.

Google's part­ners will dou­ble the first pay­ment if it does not ex­ceed 30,000 rou­bles, while Yan­dex will gift the en­tre­pre­neur a bonus of 15,000 rou­bles if they spend at least 5,000 rou­bles to launch a cam­paign. In ad­di­tion, Sber­bank jointly with Head­Hunter awards small busi­ness bonuses: 30 days to ad­ver­tise a va­cancy on the hh.ru site and seven days to ac­cess the site's CV base for the re­gion where the busi­ness op­er­ates.

myTar­get, Mail. Ru Group's ad­ver­tis­ing plat­form, will dou­ble the first pay­ment of up to 75,000 rou­bles that a com­pany makes to con­duct an ad­ver­tis­ing cam­paign. Any rep­re­sen­ta­tive can now ben­e­fit from the of­fer if they have an ac­count with Sber­bank and use the Sber­bank Busi­ness On­line in­ter­net bank. Ear­lier this of­fer was avail­able only to Sber­bank's new clients.

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