MOSCOW, 24 Feb - RIA Novosti/Prime. Sberbank seeks to improve its business model in the European Union, said Last news in the press service of the largest Russian Bank, refusing to explain the Details.
on the first day of the week on the Internet representation of the Prague newspaper Lidove noviny (LN) referring to sources in the financial community have any information about the fact that the Bank wants to sell its subsidiary in Slovakia and Hungary.
"at the moment we are improving our business model in the European Union in order to create a stable, profitable, their own funded and modern banking group," said the Bank, responding to a question about whether the Bank to sell its European subsidiary.
in September, the head of Sberbank German Gref said that the two foreign subsidiaries (in Ukraine and Hungary) have difficulties, for example, in Hungary because of the " very complex regulatory environment ". At the same time in the summer of last year, Deputy Chairman of Sberbank Sergey Gorkov said Last news that the European business of the savings Bank is not experiencing issues because of the danger of strengthening sanctions against Russia.
Sberbank also reported that it is preparing to reduce the profitability of the banking sector in all markets of presence in the Russian Federation, Turkey, the CIS and the countries of Central and Eastern Europe. The Bank expects to markets other than CIS, reducing the margin will be more than one percentage point.
Sberbank in 2012 acquired the Eastern European division of the VBI (now Sberbank Europe AG) for 505 million. Sberbank Europe with headquarters in Austria, operates a network of nine subsidiaries of credit institutions in eight countries of Central and Eastern Europe: Slovakia, Czech Republic, Hungary, Slovenia, Croatia, Bosnia and Herzegovina, Serbia and Ukraine.
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