Sberbank announced the sale of Ukrainian “daughter”

Sberbank goes from Ukraine

Sberbank of Russia has agreed to sell its Ukrainian subsidiary to a consortium with participation of the Latvian Norvik Banka and the Belarusian company, reported “Rain”.

The management of the Bank believes that this decision will contribute to unlocking its offices and restore normal operation. In their opinion this will allow the Bank’s customers to seamlessly continue using the services of “one of the most stable and efficient banks in Ukraine and will provide the basis for its further development.”

It is noted that the Bank has the necessary funds to meet obligations to private and corporate clients.

Earlier, the head of the Bank German Gref said that Sberbank is looking to leave the Ukrainian market because of the possible imposition of sanctions by the Ukrainian side.

We will remind, activists blockaded a number of OTDELENIE “savings” in different cities of Ukraine, including in the capital.

On March 16, President Petro Poroshenko enacted NSDC decision on sanctions against banks with Russian capital.

Sanctions for a period of one year will be applied to public joint-stock company “Sberbank”, JSC “Vieste Bank”, JSC “joint-stock commercial industrial-investment Bank”, OJSC “VTB BANK”, OJSC “BM BANK” in terms of prevention of a conclusion of capitals of the above entities outside Ukraine in favor associated with them.

“Savings Bank” called the national security Council decision on sanctions is politically motivated.