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33:
24:
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banking programs. Large corporate & investment banking includes corporate, real estate and acquisition financing as well as trade finance and treasury products. Small and medium-sized enterprise business offers liquidity financing (Working
Capital/Overdraft), investment financing (equipment/business facilities), Treasury finance products and transaction business support.
240:
2016, Sberbank finalized the sale of the Slovak subsidiary and converted âŹ370m of subordinated loans (Tier II capital) into Common Equity Tier I capital, strengthening its capital structure. In
December 2017, Sberbank Europe completed the sale of its stake of 99.9230% in PJSC «VS Bank» (Ukraine) to
239:
In 2015 Sberbank Europe sold 99.5% stake of its Slovak subsidiary, Sberbank
Slovensko, to Penta Investments for a confidential price. Sberbank Europe AG completed the Comprehensive Assessment consisting of the Asset Quality Review (AQR) and the Stress Test conducted by the European Central Bank. In
218:
acquired
Volksbank International AG (VBI) and rebranded it Sberbank Europe. The deal involved all VBI assets â banks in Bosnia and Herzegovina, Croatia, Czech Republic, Hungary, Serbia, Slovenia, Ukraine and Slovakia, apart from Volksbank Romania. SociĂ©tĂ© GĂ©nĂ©rale and J.P.Morgan acted as financial
430:
Sberbank Europe Group AG operations can be divided into three core businesses: Retail business, Large corporate & investment banking and Small and medium-sized enterprise business. Retail business involves the provision of mortgages and consumer loans, savings and pension products and digital
815:
One early casualty was the
European subsidiary of Sberbank, Russia's biggest lender that has been sanctioned by Western allies. The European Central Bank said Sberbank Europe, including its Austrian and Croatian branches, was failing, or likely to fail, because of "significant deposit outflows"
223:
also advised on the transaction. The deal price was âŹ505 million, which is 1.0x VBI book value (excluding
Romania). Organizational transformation and group restructuring were exercised during that period. It was decided that the regional headquarters of Sberbank Europe Group would be in Vienna,
355:
Sberbank Europe Group is fully owned by
Sberbank, a Russian company. The Ministry of Finance of Russia is the principal shareholder of Sberbank, owning 50% of the bankâs authorized capital plus one voting share, with the remaining 50% held by domestic and international investors.
235:
In 2014 Sberbank Europe received a syndicated loan of âŹ350m and launched
Sberbank Direct in Germany, an online direct bank with basic retail products. Sberbank Direct gained âŹ1.7 bn in deposits by 2015. In 2018, Sberbank Direct launched an online instant loan offer in Germany.
296:
stated the outflows "led to a deterioration of its liquidity position. And there are no available measures with a realistic chance of restoring this position." On 1 March 2022, the
Austrian Financial Supervisory Authority (FMA) prohibited further operations.
979:
231:
investment grade, BBBâ, in 2013. Fitch affirmed its rating as BB+ with positive outlook in 2017. In 2019, Fitch upgraded the Long-Term Issuer
Default Rating (IDR) to BBBâ and confirmed it with a Stable Outlook in 2020.
1091:
328:
952:"NLB d.d. to acquire Sberbank banka d.d., improving its market position in Slovenia and supporting the Bank of Slovenia in maintaining financial stability of the Slovenian banking sector"
167:
Sberbank BH d.d. Sarajevo; Sberbank d.d.; Sberbank CZ, a.s.; branch Sberbank Direct (Germany); Sberbank MagyarorszĂĄg Zrt.; Sberbank Srbija a.d. Beograd; Sberbank banka d.d.
1096:
923:
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924:"Sberbank Europe AG: Croatian and Slovenian subsidiaries resume operations after being sold while no resolution action is required for Austrian parent company"
840:"Sberbank Europe AG: Croatian and Slovenian subsidiaries resume operations after being sold while no resolution action is required for Austrian parent company"
909:
1036:
696:
224:
Austria. In 2013, Sberbank Europe received a full banking license in Austria. Volksbank subsidiaries were fully rebranded as Sberbank by 2014.
1071:
750:
670:
312:
1081:
332:
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to state the bank "...was failing, or likely to fail, because of "significant deposit outflows" triggered by the Ukraine crisis." The
1076:
937:
198:, a Russian state-controlled company. Sberbank Europe provided financial services to over 780,000 customers in eight countries in
725:
281:
203:
300:
On 2 March 2022, it was announced that Sberbank Europe Group is insolvent. On the same day the Slovenian subsidiary was sold to
853:
247:
2019 became Sberbank Europe's most successful financial year. The bank generated a profit after tax of EUR 40.6 million.
857:
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343:, and the Banja Luka branch continued its operations (under Nova banka supervision) with the new presented name
1056:
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449:
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The Management Board of Sberbank Europe AG consists currently of the following management board members:
268:
magazine. In 2021, the bank confirmed its title of the Strongest Banking Brand in the World according to
704:
293:
110:
Sonja Sarközi (CEO since 2018), Arndt Röchling (CFO), Alexander Witte (CRO), Aleksei Mikhailov (CTO)
427:
The bank has 187 branches in Central and Eastern Europe with over 3,800 employees (as of YE 2020).
57:
43:
650:
340:
122:
191:
68:
751:"Sberbank Europe AG signed contract about sale of Slovak subsidiary | Sberbank Europe AG"
461:
118:
381:
Sberbank Europe AG had also previously the following members of the Management Board:
1025:
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220:
1004:
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30 April 2022 banking licence revoked and company put into liquidation 1 May 2022
391:
335:). The Sarajevo based company was bought by ASA banka and operated under the name
79:
March 2022 (insolvency proceedings in Austria; resolution in Croatia and Slovenia)
439:
Sberbank Europe Group AG was present in 8 markets in Central and Eastern Europe:
994:
951:
938:"Notice of insolvency proceedings of the debtor Sberbank CZ, a.s. V likvidaci"
883:
452:(Sarajevo and Banja Luka): Sberbank BH d.d. Sarajevo, Sberbank a.d. Banja Luka
252:
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32:
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23:
910:"Sberbank Sells Austrian Subsidiary, Completing Exit from European Market"
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magazine. In 2020, Sberbank won the Worldâs Best Digital Bank Awards by
473:
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801:
Thompson, Mark; Chernova, Anna; Cotovio, Vasco (February 28, 2022).
521:
Corporate & investment banking, transactions and trade finance
406:
Igor Strehl (Chief Corporate and Investment Banking Officer)
980:"Bosnia's Nova Banka finalises acquisition of Sberbank Banja Luka"
827:
130:
385:
Stefan Zapotocky (Chief Corporate and Investment Banking Officer)
315:
was allowed in March 2022 for two Bosnian Sberbank subsidiaries (
311:
In Bosnia and Herzegovina, after the takeover from ASA banka and
803:"Russia faces financial meltdown as sanctions slam its economy"
775:"Global Finance Magazine - Best Banks & Financial Rankings"
289:
1092:
Banks under direct supervision of the European Central Bank
726:"RPT-Fitch Rates Sberbank Europe AG 'BBB-'; Outlook Stable"
250:
In 2018, Sberbank won in categories âBest Bank in CEEâ by
1014:
175:
260:
magazine and "Strongest Banking Brand in the World" by
202:. It was liquidated in early March 2022 following the
828:
Sberbank-Europe-Insolvenz kostet fast eine Mrd. Euro
256:magazine, âMost Innovative Digital Bank in CEEâ by
171:
161:
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83:
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39:
612:Sold 1 March 2022 to Nova ljubljanska banka d.d.
323:) continued to operate according to the rules of
214:Sberbank Europe AG was established in 2012 after
666:Retail banking, Corporate banking, SME business
646:Retail banking, Corporate banking, SME business
626:Retail banking, Corporate banking, SME business
609:Retail banking, Corporate banking, SME business
592:Retail banking, Corporate banking, SME business
559:Retail banking, Corporate banking, SME business
538:Retail banking, Corporate banking, SME business
8:
524:Sold June 2023 to Austrian Stefan Zöchling
304:, while the Croatian subsidiary was sold to
16:
339:until the full integration with the parent
697:"Sberbank completes Volksbank acquisition"
15:
966:"Bosnia's ASA Banka acquires Sberbank BH"
796:
794:
491:
858:"Nova banka kupila Sberbanku Banjaluka"
688:
1097:Austrian companies established in 2012
288:and sanctions against the bank caused
337:ASA banka NaĆĄa i snaĆŸna d.d. Sarajevo
7:
864:(in Bosnian). www.slobodnaevropa.org
501:Number of branches (as of YE 2020)
227:Sberbank Europe obtained its first
280:In late February 2022, during the
14:
418:David O'Mahony (CIO / COO)
997:
816:triggered by the Ukraine crisis.
282:2022 Russian invasion of Ukraine
31:
22:
1037:Banks of Bosnia and Herzegovina
854:Radio Free Europe/Radio Liberty
482:: Sberbank Srbija a.d. Beograd
1:
890:(in Bosnian). www.atosbank.ba
617:Sberbank Srbija a.d. Beograd
543:Hrvatska PoĆĄtanska Banka d.d.
1072:Banks of the Czech Republic
507:Sale/closure of subsidiary
476:: Sberbank MagyarorszĂĄg Zrt
327:banking regulators in BiH (
204:Russian invasion of Ukraine
186:(Sberbank Europe AG) was a
1113:
595:In liquidation March 2022
583:Sberbank MagyarorszĂĄg Zrt
415:Valentin Mihov (Strategie)
200:Central and Eastern Europe
100:Central and Eastern Europe
69:Volksbank International AG
1082:Companies based in Vienna
701:Budapest Business Journal
397:Christian Kubitschek, CFO
321:Sberbank BH d.d. Sarajevo
30:
21:
1077:Defunct banks of Ukraine
470:: Branch Sberbank Direct
388:Alexey Bogatov (CRO/CIO)
317:Sberbank a.d. Banja Luka
306:Hrvatska poĆĄtanska banka
779:Global Finance Magazine
660:Bosnia and Herzegovina
640:Bosnia and Herzegovina
190:group headquartered in
136:âŹ12.9 billion (YE 2020)
862:www.slobodnaevropa.org
629:Sold February 2022 to
545:(Croatia's Postbank)
450:Bosnia and Herzegovina
435:Subsidiaries in Europe
377:Aleksei Mikhailov, CTO
219:advisors to Sberbank.
649:Sold 2 March 2022 to
488:: Sberbank banka d.d.
409:AndrĂĄs HĂĄmori, Retail
294:European Central Bank
184:Sberbank Europe Group
67:2012 (acquisition of
17:Sberbank Europe Group
573:Pure online banking
446:: Sberbank Europe AG
374:Alexander Witte, CRO
157:Over 3,800 (YE 2020)
600:Sberbank banka d.d
541:Sold March 2022 to
464:: Sberbank CZ, a.s.
371:Arndt Röchling, CFO
153:Number of employees
18:
1087:Sberbank of Russia
550:Sberbank CZ, a.s.
504:Types of services
412:Markus Krause, CRO
368:Sonja Sarközi, CEO
58:financial services
44:Aktiengesellschaft
1067:Banks of Slovenia
1062:Banks of Slovakia
680:
679:
669:Sold May 2022 to
347:a.d. Banja Luka.
181:
180:
123:corporate banking
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1052:Banks of Hungary
1047:Banks of Germany
1042:Banks of Croatia
1032:Banks of Austria
1018:
1017:
1015:Official website
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982:. 11 March 2022.
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856:(2 March 2022).
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732:. 2 October 2013
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703:. Archived from
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567:Sberbank Direct
512:Sberbank Europe
492:
403:Mark Arnold, CEO
400:Axel Hummel, CEO
360:Management Board
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26:
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968:. 2 March 2022.
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940:. 28 July 2022.
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926:. 1 March 2022.
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912:. 16 June 2023.
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657:BIH Banja Luka
576:Retail banking
553:Czech Republic
458:: Sberbank d.d.
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194:, and owned by
192:Vienna, Austria
176:www.sberbank.at
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884:"O ATOS BANK"
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842:. March 2022.
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1005:Banks portal
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892:. Retrieved
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866:. Retrieved
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809:February 28,
807:. Retrieved
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705:the original
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163:Subsidiaries
131:Total assets
84:Headquarters
40:Company type
96:Area served
1026:Categories
784:2017-08-03
760:2017-08-03
736:2017-08-03
711:2017-08-03
683:References
671:Nova Banka
423:Operations
313:Nova Banka
276:Insolvency
253:The Banker
106:Key people
675:ATOS Bank
651:ASA Banka
631:AIK Banka
603:Slovenia
351:Ownership
345:ATOS BANK
341:ASA Banka
302:NLB Group
286:bank runs
242:TAS Group
90:, Austria
586:Hungary
570:Germany
532:Croatia
515:Austria
498:Country
486:Slovenia
216:Sberbank
196:Sberbank
145:Sberbank
115:Products
50:Industry
730:Reuters
620:Serbia
474:Hungary
468:Germany
456:Croatia
444:Austria
210:History
188:banking
172:Website
76:Defunct
64:Founded
54:Banking
894:25 May
868:25 May
673:/ now
480:Serbia
147:(100%)
119:Retail
88:Vienna
805:. CNN
495:Bank
394:, CEO
141:Owner
896:2024
870:2024
811:2022
333:ABRS
331:and
319:and
121:and
663:27
643:32
623:33
606:12
589:27
556:24
535:31
329:FBA
290:CNN
1028::
886:.
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793:^
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763:.
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71:)
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