Contents tagged with Sberbank

  • Ukrainian subsidiary of Sberbank will not provide services to clients using LPR or DPR passports

    The subsidiary bank of Sberbank of Russia in Ukraine, PJSC Sberbank will not provide services to individuals and legal entities based on documents issued in territories beyond the control of the Ukrainian authorities, the bank said in response to a request from Interfax-Ukraine.

    "PJSC Sberbank, being a Ukrainian commercial bank and carrying out its activities on the basis of a license issued by the NBU (The National Bank Of Ukraine), strictly observes the norms of Ukrainian legislation. The …

  • Ukraine to consider imposing sanctions on subsidiary of Russia's Sberbank

    The National Bank of Ukraine (NBU) issued a statement in which it threatened that it would require the National Security and Defense Council (NSDC) of the country to impose sanctions against the Ukrainian "daughter" of Sberbank. The statement of the NBU followed the reports that Sberbank has begun to serve customers with passports from the self-proclaimed Donetsk and Luhansk People's Republics.

    "If this information is confirmed, the NBU will initiate a request to the NSDC to apply sanctions to …

  • Sberbank: Russian Inflation will Exceed 8 Percent in 2016

    The Russian bank Sberbank believes that Russia will see a recession and that  inflation may exceed 8% this year, as reported by TASS, citing the head of the Center for Macroeconomic Research of Sberbank, Yulia Tsepliaeva. According to her, a decline in consumption and economic growth may also be expected.

    “We expect an economic slowdown and an additional year of decline in consumption. Inflation is likely to be high. It is expected to exceed 8%,” Tsepliaeva said.

    Tsepliaeva assesses the Bank’ …