Reuters: Russia's Sberbank looking at quick exit from Ukraine

13:15, 22 March 2017
Economy
219 0

Russia's biggest bank Sberbank is looking "very actively" at options for a quick exit from Ukraine, the bank's Chief Executive German Gref said on Tuesday, March 21, Reuters reported.

Photo from UNIAN

Gref also told reporters that Sberbank's loan-loss provisions in Ukraine made up around 70 percent of its potential losses, according to Reuters.

Read alsoUkraine's central bank: Russian banks in talks on sale of Ukrainian assetsUkraine recently decided to impose more sanctions on Sberbank and other Russian state-owned banks operating in Ukraine – part of a broader flare-up in tensions linked to separatist regions of eastern Ukraine which are backed by Russia. 

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