Sberbank Europe enters insolvency

Sberbank-office

Regulators put Sberbank’s European subsidiary into insolvency proceedings on March 1 after determining that a resolution process was not needed.

The Austrian-headquartered bank will enter insolvency based on national law. Its subsidiaries in Croatia, Slovenia and Bosnia are all being sold off to local financial institutions.

Elke König, head of the eurozone’s Single Resolution Board, said the decisions would ensure financial stability without the need for public funds. “This was a complex

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.