Sberbank Europe is in close contact with regulatory authorities

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Mag. Linda Michalech
Head of Corporate Communications

Tel.: +43 1 22732 1300
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Sberbank Europe statement on the current situation

In the light of the latest geopolitical developments, several banks of Sberbank Europe Group registered significant outflow of client deposits within a very short time. In some subsidiary banks, this resulted in long waiting times in branches and partially in restricting the amount of daily cash withdrawals.

“In order to protect its customers and the bank’s critical functions, Sberbank Europe has been and is in close contact with the competent regulatory authorities. We are making every effort to support the authorities to apply their powers to resolve this unprecedented situation in the interest of our customers,” says Sonja Sarközi, CEO of Sberbank Europe. 

Special procedures are available to the competent regulatory and resolution authorities to protect customers’ interests which are strictly followed. The Austrian Financial Market Authority (FMA) on behalf of the Single Resolution Board (SRB) has imposed a moratorium on Sberbank Europe until 1 March 2022 end of day. Link:

In all markets of Sberbank Europe presence local deposit guarantee schemes are in place to secure the savings of the bank’s customers. As a general rule within countries of the European Union, all deposits up to EUR 100,000 per customer and bank are protected. 

About Sberbank Europe
Sberbank Europe AG, headquartered in Vienna, Austria, is a banking group 100% owned by Sberbank of Russia, which is the largest bank in Russia and in Central and Eastern Europe, servicing more than 100 million customers. Sberbank Europe Group is present in Austria, Bosnia and Herzegovina, Croatia, Czech Republic, Germany, Hungary, Slovenia and Serbia. Sberbank Europe Group has around 800,000 customers, operates 187 branches, and counts over 3,900 employees across Europe. The total assets of Sberbank Europe amount to EUR 13 billion (as of 31 December 2020).

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