Two liquidators remain in the bank who will accompany the further wind-up process.

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Orderly wind-up well on track: Sonja Sarközi leaves "Sberbank Europe AG in Abwicklung"

The former longtime CEO and thereafter liquidator of "Sberbank Europe AG in Abwicklung", Sonja Sarközi, left the company, which is currently in the orderly liquidation process, on 19 October 2022. Two liquidators remain in the bank who will accompany the further wind-up process.

In the past few months the bank has managed to avoid insolvency and to achieve the best result for its customers, employees and the Austrian financial market. The return of Sberbank Europe AG in Abwicklung’s banking license is planned to be completed by the end of this year.

With the sale of a large part of the asset portfolio, which was approved on 3 May 2022, the bank was able to fully repay the deposit guarantee sum of EUR 926 million to Einlagensicherung Austria (ESA). Moreover, the bank paid back the savings deposits that were above the statutory deposit insurance amount of EUR 100,000 per customer. The company also fully repaid EUR 428 million in total liabilities to the OeNB and the ECB.

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