Sberbank Europe AG completed Comprehensive Assessment by ECB

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Mag. Linda Michalech
Corporate Communications Manager

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

Sberbank Europe AG completed Comprehensive Assessment by ECB

Sberbank Europe AG has completed the Comprehensive Assessment (CA) consisting of the Asset Quality Review (AQR) and the Stress Test conducted by the European Central Bank (ECB).

  • Sberbank Europe comfortably passed the AQR, resulting in a CET1 ratio of 9.6%, which is above the 8% threshold defined by ECB;
  • Pre-AQR adjusted Stress Test results showed a CET1 ratio of 10.5% under baseline scenario and 6.3% under adverse scenario for year-end 2017;
  • Post-AQR adjusted Stress Test results led to a CET1 ratio of 8.9% under baseline scenario for year-end 2017 (above the defined 8% threshold);
  • Post-AQR adjusted Stress Test results for year-end 2017 under adverse scenario showed a CET1 ratio of 4.2% (threshold 5.5%). The implied capital shortfall (EUR 138.5 mn) has already been fully covered by capital measures executed in the first nine months of 2015. Additional EUR 100 mn were paid in and registered in Q4 2015.

Axel Hummel, CEO of Sberbank Europe, commented: “The Comprehensive Assessment of the ECB was the first experience in the new regulatory framework for Sberbank Europe, previously supervised on a country level. The measures taken in 2015 fully covered the capital shortfall identified in the adverse scenario. Sberbank Europe sees the sustainability of its business reconfirmed and is in full compliance with all existing ECB requirements.”

The results of the Comprehensive Assessment are based on financial results as of December 2014 and do not include capital measures taken throughout 2015.


About Sberbank Europe 
Sberbank Europe (Sberbank Europe AG), headquartered in Vienna, Austria, is a banking group that is 100% owned by Sberbank Russia. Sberbank Europe is present in 11 markets in Central and Eastern Europe (CEE): Austria, Bosnia and Herzegovina (Sarajevo and Banja Luka), Croatia, Czech Republic, Hungary, Slovakia, Slovenia, Serbia, Ukraine and Germany. In total, Sberbank Europe operates 288 branches and has around 5,000 employees across CEE (as of 31.08.2015). Website: www.sberbank.at

About Sberbank Group
Sberbank of 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 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 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with almost 17,000 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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