Home » For Sberbank the stew is triggered: Austrian branch in insolvency, Slovenian and Croatian branches to local banks

For Sberbank the stew is triggered: Austrian branch in insolvency, Slovenian and Croatian branches to local banks

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For Sberbank the stew is triggered: Austrian branch in insolvency, Slovenian and Croatian branches to local banks

After the bankruptcy of the Russian bank

The decision on the night of the Single Resolution Board

by Laura Serafini

(REUTERS)

The decision on the night of the Single Resolution Board

The key points

  • President Konig: We have protected deposits
  • In Slovenia and Croatia, assets sold to Nlb Bank and Croatian
  • In Austria, only deposits over 100 thousand euros are protected

The Single Resolution Board, the European banking institution that deals with bank crisis management, decided in the late evening of March 1st to initiate insolvency proceedings for the Austrian parent company of the Russian bank Sberbank Agwhile he decided the resolution for the Croatian and Slovenian branches by arranging for the sale of their assets to two national banks. As for the Czech branch, which does not fall under the EU regulations because it is outside the euro area, the bank …

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