Sberbank has decided to withdraw from the European market

Sberbank has decided to withdraw from the European market

The bank announced an increase in deposit rates.

Sberbank issued a statement in which it announced that it was withdrawing from the European market due to an abnormal outflow of funds and a threat to employees of subsidiaries that are located in Europe.

In the statement, the Beac refers to the order of the Central Bank, according to which it cannot supply liquidity to European branches.

The document states that “Sberbank’s subsidiaries in Europe have large capital and impressive asset quality, which is enough to provide customers with payments and cover insurance in accordance with local laws.

Recall that today the Austrian Financial Markets Authority has banned Sberbank Europe AG from conducting business operations at the request of the Central Bank, an external auditor has been appointed to the credit institution.

At the moment, Sberbank has subsidiaries in Europe in Austria, Bosnia and Herzegovina, Croatia, the Czech Republic, Germany, Hungary, Slovenia and Serbia.

It also became known that Sberbank decided to increase the maximum deposit rates to 21% per annum.

According to TASS with reference to the bank’s press service, the rate is valid for the deposit “Sberklad Prime” for a period of 1 – 3 months in rubles, and for the classic “Sberklad” for the same period it will be 20%.

Earlier, Topnews wrote what, according to experts, American sanctions against Sberbank and VTB may turn out for Russians.

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Источник topnews.ru

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