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