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Sberbank in Ukraine suspends lending to ‘clients from the street’

Sberbank still lends money to large companies

German Gref ITAR-TASS/Sergei Bobylev

German Gref

© ITAR-TASS/Sergei Bobylev

MOSCOW, February 21. /Itar-Tass/. The offices of Russia’s savings bank Sberbank in Ukraine on February 20 suspended lending to both retail and corporate borrowers who “come from the street,” its CEO German Gref told the media.

“We have paused active transactions. Ukrainian companies and individuals have other problems than borrowing money from banks to attend,” Gref said.

“As for large companies that need financing, we keep lending money to them,” Gref said.

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