A subsidiary of Sberbank in the Czech Republic wanted to file for bankruptcy. This was announced by the local court. They considered that the bank could not meet its financial obligations. As of July, the organization’s debt was around 3,000 million euros.
The court of the Czech Republic decided to sell all the properties of the “daughter” of Sberbank to pay off debts. The organization was unable to meet financial obligations to creditors, the court noted.
The bank’s borrowers filed a lawsuit in court against the bankruptcy decision. The final decision on this issue will be made on October 6, at the same time a meeting of creditors will be held.
As of July, the volume of obligations of the “daughter” of Sberbank in the Czech Republic amounted to about 3 billion euros. In June, the organization made a delay of about 1,500 million euros.
Sberbank closed its branches in the Czech Republic on February 25 after attacks on employees. The 25 branches of Sberbank CZ, which is part of the Sberbank Europe group, have a customer base of 120,000 people. Sberbank left the European market on March 1.
Author:
Kirill Bilyk
Source: RB
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