The Sberbank team saw the shareholders’ jaws drop and decided not to post this candid video on the website.

Good thing a journalist from *Vedomosti* managed to film it on her mobile phone.

This short video opened Sberbank’s annual shareholders’ meeting — the country’s largest state-owned bank, which controls more than 20% of the banking system.

The clip is structured as a roundup of news that affected the economy and, specifically, Sber — its revenues, profits, and prospects.

Basically, “why things were going fairly well, and why everything broke down.” Bluntly and honestly, just as it is.

YouTube video

P.S. The clip has been preserved in the recording of the shareholders’ meeting livestream. So I’m replacing it with a better-quality version.

Original