AIK Banka

Sberbank Europe AG signs share purchase agreement to sell certain subsidiary banks in CEE in order to focus on key markets

Retrieved on: 
Wednesday, November 3, 2021

On 3 November 2021, Sberbank Europe AG signed an agreement with AIK Banka a.d. Beograd, Gorenjska Banka d.d., Kranj and Agri Europe Cyprus Limited for the sale of its subsidiary banks in Bosnia and Herzegovina (Sberbank BH d.d.

Key Points: 
  • On 3 November 2021, Sberbank Europe AG signed an agreement with AIK Banka a.d. Beograd, Gorenjska Banka d.d., Kranj and Agri Europe Cyprus Limited for the sale of its subsidiary banks in Bosnia and Herzegovina (Sberbank BH d.d.
  • Sberbank Europe AG has decided to reduce its geographic presence in CEE in order to focus on key markets and explore new business models.
  • Sberbank CZ, a.s. in the Czech Republic remains under the ownership of Sberbank Europe AG and will continue with its present business model.
  • In 2020 Sberbank underwent a rebranding, offering financial and non-financial services of the bank and Sberbank Group to individual and corporate customers.