The United States has included a number of Sberbank Group companies, including subsidiary banks in Ukraine and Kazakhstan, Cetelem Bank, bankrupt Sberbank Europe AG and payment service YooMoney, in its sanctions list, a statement from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) indicated.
Sberbank Insurance, Sberbank Life Insurance, Sberbank Insurance Broker, Sberbank Leasing, Sberbank Factoring, NPF Sberbank, Sberbank-AST, Sberbank Capital, Sberbank CIB and Strategy Partners have also been included in the OFAC Specially Designated Nationals List (SDN List), as has United Credit Bureau, in which Sberbank holds a 50% according to the latest disclosure.
The SDN List now also includes Digital Technologies, a company through which Russia’s top bank invested in a range of information technology companies.
The United States on Wednesday imposed blocking sanctions against Sberbank that call for freezing assets in the U.S. and bar U.S. citizens from doing any business with the bank. The UK imposed similar sanctions against Sberbank.
The United States imposed correspondent and payable-through account sanctions against Sberbank in February 2022.
The Ukrainian subsidiary of Sberbank of Russia changed its name to JSC IR Bank (JSC International Reserve Bank), according to the unified public register of legal entities and sole proprietors. According to the Opendatabot, the bank was renamed on December 10.
As reported, Sberbank of Russia decided to change the name of its subsidiary Sberbank JSC (Kyiv) to JSC IR Bank, as evidenced by the decision of Sberbank of Russia on September 27, published on its website.
Earlier, with reference to the materials of the Ukrainian Patent Office, it was reported that Sberbank back in 2018-2019 filed applications for registration of the names of the International Reserve Bank (IRB) in Ukrainian, Russian and English, as well as related trademarks, with Ukrpatent.
In August 2021, the Supreme Court of Ukraine upheld the position of the state-owned Oschadbank (Kyiv) and prohibited the Ukrainian subsidiary of the largest Russian bank from using the Sberbank trademark in Ukraine.
Sberbank (earlier a subsidiary bank of Sberbank of Russia, before that it was bank NRB) was founded in 2001. Its sole owner is Sberbank of Russia.
According to the National Bank of Ukraine, as of October 1, 2021, Sberbank ranked 10th in terms of total assets (UAH 58.397 billion) among 71 banks operating in Ukraine.
The single counterparty exposure limit (H7, should be no more than 25%) as of March 1, was violated by Prominvestbank (82.02%), Sberbank (50.23%) and Industrialbank (49.51%), according to the website of the National Bank of Ukraine (NBU).
According to the regulator, the related party transactions exposure limit (H9, should not exceed 25%) was violated by First Investment Bank (52.02%), Unex Bank (28.17%), Megabank (27.56%) and Land Capital Bank (26.75%).
The limit on bank total long open FX position (L13-1, should be no more than 10%) was violated by Oschadbank (129.99%), Prominvestbank (114.57%), PrivatBank (95.74%) and Industrialbank (12.35%).
The limit on bank total short open FX position (L13-2, should be no more than 10%) was violated by Prominvestbank (110.36%).
FIRST INVESTMENT BANK, INDUSTRIALBANK, LAND CAPITAL BANK, MEGABANK, NBU, OSCHADBANK, PRIVATBANK, PROMINVESTBANK, REQUIREMENTS, SBERBANK, UNEX BANK, VIOLATE
The only shareholder in public joint-stock company Sberbank (Kyiv) – Sberbank (Russia) – has decided to increase the charter capital of the Ukrainian subsidiary bank by UAH 8.3 billion or 66.6%, to UAH 20.766 billion via the placement of additionally issued shares, the bank has reported in the information disclosure system of the National Commission for Securities and the Stock Market. According to the report, the decision was made on May 11.
The bank will privately place the shares with a face value of UAH 1. Sberbank (Kyiv) was founded in 2001. The bank ranked 9th among 84 operating banks as of January 1, 2018,in terms of total assets worth UAH 42.363 billion, according to the National Bank of Ukraine.
