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%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 16. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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