MOSCOW (Reuters) - Russia's largest lender Sberbank on Tuesday said it was reshuffling its management team and would be establishing an e-commerce holding company as it continues its diversification away from purely financial services.
One of a handful of Russian firms entering markets beyond their core business, Sberbank has been developing its non-financial businesses, such as e-commerce, technology and cloud services, in an attempt to combat banks' shrinking margins.
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