Topic - Sberbank
Subscribe to this topic via RSS or ATOMSberbank Rossii (, a contraction of "сберегательный банк"; English: "Savings Bank of the Russian Federation") is the largest bank in Russia and Eastern Europe. The company's headquarters are in Moscow and its history goes back to Cancrin's financial reform of 1841. In many regions, Sberbank is practically the only bank capable of providing local administrations with complex banking services and of rendering significant financial support in implementing investment and social programs. - Source: Wikipedia
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"The sanctions will not have a significant impact on the bank's operations and will not affect service to Russians as the system has already adapted to the previous restrictions," Sberbank said in a statement.
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Leading Russian bank Sberbank announced Wednesday that it is pulling out of European markets amid the tightening Western sanctions.
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