Fitch affirms Sberbank Europe AG BBB-

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Mag. Linda Michalech
Corporate Communications Manager

Sberbank Europe AG
Tel.: +43 1 22732 1300
Mobile: +43 664 8891 3662
linda.michalech@sberbank.at

Fitch affirms Sberbank Europe AG BBB-

The Rating Committee of Fitch affirmed Sberbank Europe AG a Long-term Issuer Default Rating of BBB- with a negative outlook. Fitch classifies Sberbank Europe as a ‘strategically important’ subsidiary of Sberbank of Russia (SBRF; BBB/negative/bbb). Sergey Gorkov, Deputy Chairman of the Executive Board of Sberbank, commented: “The rating clearly shows that we continue to retain the trust in our business in Europe.”  

Sberbank Europe has been rated by Fitch for the first time in 2013 with BBB- with a stable outlook. 
“We are delighted that Fitch has affirmed our rating of the previous year despite the negative outlook. We have made significant progress over the last year, having achieved the turn-around. Regardless the tough geo-political environment we pursue our ambitions to be one of the leading banks in Central and Eastern Europe in the coming years”, said Mark Arnold, CEO of Sberbank Europe AG. 

Sberbank Europe AG, headquartered and licensed in Austria, is not subject to any EU sanctions and accordingly is not restricted in its access to the EU capital markets.


About Sberbank Europe AG
Sberbank Europe Group (Sberbank Europe AG), headquartered in Vienna, Austria, is a banking group that is 100% owned by Sberbank Russia. Sberbank Europe Group is present in 10 markets in Europe: Austria, Bosnia and Herzegovina, Croatia, Czech Republic, Hungary, Slovakia, Slovenia, Serbia, the Ukraine and Germany. In total the bank operates 282 branches and has 4,962 employees (as at 30.06.2014). Website: www.sberbank.at

Sberbank Russia is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key financial lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank’s authorized capital plus one voting share, with the remaining shares held by domestic and international investors. Sberbank has more than 110 million individual customers and 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with more than 18,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries. The bank holds a general banking license No. 1481 issued by the Bank of Russia. Website: www.sberbank.ru

Sberbank was awarded “Bank of the Year 2012” by The Banker magazine and “Best Bank in CEE and Russia 2013” by the Euromoney magazine.
 

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