ECB: Sberbank Europe in bankruptcy or probable bankruptcy – Europe

Home » Business » ECB: Sberbank Europe in bankruptcy or probable bankruptcy – Europe

by archywordys
March 1, 2022
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(ANSA) – ROME, FEBRUARY 28 – The ECB believes that Sberbank Europe and its divisions in Croatia and Slovenia are “in bankruptcy or probable bankruptcy due to the deterioration of their liquidity situation”.

This is what the European Central Bank affirms in a note, underlining that the institution “in the near future will probably not be able to pay its debts in time.

Sberbank Europe, controlled by Russia’s Sberbank, and its divisions have experienced a significant “outflow of deposits following the impact of geopolitical tensions” and sanctions imposed by the West. (HANDLE).

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