MOSCOW – Sberbank of Russia plans to file an appeal soon against an order from the Kyiv Court of Appeals to freeze the shares of a subsidiary, Sberbank (Ukraine), a spokesman for the Russian bank has said.
“The bank operates in the Ukrainian territory in full compliance with the existing law and regulatory standards. The share freeze will not affect the bank’s ability to provide services to clients,” the spokesman said.
The Ukrainian bank’s financial situation remains stable.
“The bank’s capital adequacy is double the NBU [National Bank of Ukraine] standard. It is able to fulfill all commitments to clients,” the spokesman said.
