News Formal

Russia's Sberbank to leave European market

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 61%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Russia's largest lender, Sberbank, is leaving the European market as its subsidiaries there face large cash outflows and threats to the safety of employees and property, the bank said today.

Russia's largest lender Sberbank is quitting almost all European markets, blaming big cash outflows and threats to its staff and property following Russia's invasion of Ukraine and Western sanctions.

Russian central bank governor Elvira Nabiullina said the country's economy faced an extreme situation,."In the current situation, Sberbank has decided to leave the European market," the bank said in a statement."The group's subsidiary banks have faced abnormal cash outflows and threats to the safety of its employees and branches."

Sberbank had European assets worth €13 billion as of December 31, 2020, and operations in countries including Austria, Croatia, Germany and Hungary among others.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 16. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

European stocks clip losses as Russia and Ukraine hold talksEuro zone banks brace for impact of further sanctions; Iseq ends session 0.73% higher
La source: IrishTimesBiz - 🏆 6. / 77 Lire la suite »