OREANDA-NEWS. In December 2015 the Sberbank First premium banking chain launched "Rentier", a unique product on the Russian market, which allows clients to receive an increased level of lifetime annuity. This was announced by Maria Podenko, Head of Sberbank First, at a press conference.

"Rentier" was recognised by the professional community, winning Best Investment Insurance Product 2015 at Investor Awards. "We are very glad that the product has been appreciated by professionals as well as the clients for whom it was created. Over the five months following its launch, Sberbank First clients have already invested around a billion roubles in 'Rentier'," commented Maria Podenko.

"Rentier" can be purchased at Sberbank First in any of the chain's 144 offices in over 100 Russian cities.

Sberbank First has 56,000 clients. The chain's share of liabilities in the total liabilities of Sberbank's retail clients has grown by 5.1 pp since the start of 2015, and currently amounts to 18.8%. The chain has a balance of more than 2 trillion roubles.