Sberbank Europe AG has now completed the sale of 99.5% of its Slovak subsidiary.

Sberbank Europe finalizes the sale of Sberbank Slovakia

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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

Sberbank Europe finalizes the sale of Sberbank Slovakia

After signing the agreement on 17 December 2015, Sberbank Europe AG has now completed the sale of 99.5% of its Slovak subsidiary Sberbank Slovensko, a.s. to Penta Investments. As of December 2015, Sberbank Slovensko had total assets of EUR 1.8 bn and more than 110,000 active customers.

Lev Khasis, First Deputy Chairman of the Executive Board of Sberbank: “The decision to sell Sberbank Slovensko is consistent with the strategic review of the markets in which Sberbank Europe operates. Sberbank Europe continues to further develop its digital products and services while focusing its business activities on its core markets.”

Binder Groesswang acted as legal counsel to Sberbank Europe AG.

About Penta Group
Penta is a Central European investment group established in 1994, specializing in long-term value investing. It operates mainly in healthcare, financial services, manufacturing, retail and real estate development. Penta owns two Slovak banks - Primabanka Slovensko and Privatbanka. The Group manages an evergreen fund sustained by its partners, the company's only shareholders. Its portfolio companies provide jobs to more than 37,000 people and reported assets of EUR 7 billion in 2015. Penta operates in more than 10 European countries and has offices in Prague, Bratislava, Warsaw and Munich.


About Sberbank Europe Group
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 nine markets in Central and Eastern Europe (CEE): Austria, Bosnia and Herzegovina, Croatia, Czech Republic, Germany, Hungary, Slovenia, Serbia and Ukraine. In total, the bank has over 4,300 employees, operates 232 branches and serves around 632,000 customers (as of Q1 2016). Website: www.sberbank.at 

About Sberbank Group
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 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 “Best Bank in CEE 2014” by The Banker magazine and “Best Information Security Initiatives in CEE 2015” by Global Finance magazine.

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