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St. Petersburg International Economic Forum 2016

Sberbank has no plans to sell Ukrainian business

The Ukrainian business is demonstrating good yields, says Sberbank deputy chairman

© Stanislav Krasilnikov/TASS

ST. PETERSBURG, June 16. /TASS/. Russia’s top lender Sberbank has no plans to sell its Ukrainian business, its Deputy Chairman Alexander Morozov said Thursday, adding that the issue is not on the agenda now.

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"We don’t even consider selling (the Ukrainian business - TASS) as it is (demonstrating) good yields, so the issue is not on the agenda," Morozov said.

He added that there is no need to recapitalize (the bank’s Ukrainian subsidiary - TASS).

Earlier Forbes Ukraine reported that Sberbank may sell assets in Ukraine, including its Lvov-based subsidiary.

According to Managing Director for Investor Relations Anastasia Belyanina, the lender does not expect its financial performance to worsen if it withdraws from Ukraine's market as the share of Ukrainian assets is minor.

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