Tuesday, March 28 2017 14:47 EEST
Russian Sberbank to sell its subsidiary in Ukraine
Russian, Sberbank, Sell, Subsidiary, Ukraine

Russian Sberbank agreed to sell its Ukrainian subsidiary to the consortium involving Latvian Norvik Banka and Belarusian companies, according to a press release of the bank.

“We hope that the decision to sell our subsidiary will help to unblock its offices and restore their normal operation that will allow the clients to continue to freely use services of one of the most stable and efficient banks in Ukraine and will be the basis for its further development,” the message says

It is noted that the bank has necessary resources to fulfill its obligations before private and corporate clients.

Earlier it was reported that Russian Sberbank actively searches exit from Ukrainian market. Sberbank called the ban on interbank operations between main entity and its subsidiaries discrimination.

Earlier The Verkhovna Rada has appealed to the U.S. Congress regarding security guarantees for Ukraine.

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