Sberbank of Russia not intended to close Ukrainian branch

Source : 112 Ukraine

Russian bank jointly with the National Bank of Ukraine continues looking for a solution on the sale of “Sberbank” in Ukraine
18:30, 26 September 2018

Open source

Sberbank of Russia” is still not considering the option of “surrendering” of the Ukrainian affiliated bank’s license. Deputy Chairman of the Board of “Sberbank of Russia” Lev Khasis claimed this to reporters, Interfax-Ukraine reported.

‘Taking into account the sanction regime introduced in Ukraine against Russian banks, it is absolutely a dead-end thing. Because even if we just imagine that we terminated the operation of the bank, paid for all obligations to customers and collected all the money from debtors, even in that case we would not able to get our money,’ Lev Khasis said.

Related: Appeal court arrests stocks of Russian banks in Ukraine’s capital

He recalled that Ukraine’s sanctions against Russia provide ban for any monetary movement from Ukraine to Russian banks. According to a senior executive, “Sberbank of Russia” continues talks with the National Bank of Ukraine.

At the end of 2017, Belarusian “Paritet Bank” applied for the purchase of the Ukrainian branch of Russian “Sberbank” - JSC “Sberbank” but the claim was rejected in May 2018.

In June 2018, “Paritet Bank” once more submitted an application in NBU for the purchase of the Ukrainian “subsidiary of Sberbank”.

Related: Swiss bank freezes Russian accounts of $5 billion due to U.S. sanctions

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