Sberbank

A collection of 2 posts

Sberbank leaves Austria, completing EU exit

2 min read Austria, Banking, Russia, Sberbank

Russian bank Sberbank announced its complete withdrawal from the European banking market with the sale of its remaining shares in a EU member country on Friday, 16 June, state news agency TASS reported. As recently as the end of 2020, the bank’s total assets in the bloc totalled EUR

Hungarian gov't-friendly firm buys Sberbank share in Croatia's Fortenova

1 min read Croatia, Featured, Hungary, Fortenova, Indotek, Russia, Sberbank

Russia’s Sberbank has sold its 43% stake in Fortenova to Hungarian-US investment fund Indotek Group, Croatian daily Jutarnji List reported. The deal came as the EU and US unveiled new economic sanctions on Russian banks in response to the country’s invasion of Ukraine. Fortenova is Croatia’s largest