Sberbank has formed a team and is starting to work on the Crimean peninsula. This was reported to RB.RU in the bank’s press service.
“During the year, all the necessary services and services of Sberbank will be implemented,” the credit institution added.
The first bank offices will open in the first half of 2023. Some ATMs have already been installed and within a year a network of self-service devices will also begin to operate throughout the peninsula.
Sberbank did not go to Crimea due to sanctions imposed on the region by the United States and the European Union after the region was annexed by Russia. The bank also feared sanctions. Before the 2014 referendum, the Ukrainian “daughter” of the bank operated on the territory of the peninsula.
After Sberbank found itself under the blockade of Western sanctions, Georgy Muradov, Permanent Representative of Crimea, asked the lending institution to start working in the region.
Promsvyazbank was the first Russian bank to enter the Crimean market.
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