Russian Sberbank opens in Slovakia

The third largest bank in Europe, Russian Sberbank, officially launched its activities on the Slovak market, the TASR newswire reported on February 15.

The third largest bank in Europe, Russian Sberbank, officially launched its activities on the Slovak market, the TASR newswire reported on February 15.

Speaking at the ceremonial opening of the bank’s first branch in Bratislava, vice president of the bank Sergey Gorkov said that entering the Slovak market is an important step for the bank in terms of its strategic plan to penetrate European markets. The bank might create between 50-60 new jobs thanks to its plans to open two new branches in Slovakia in the months ahead, Gorkov added.

Sberbank Slovakia intends to focus mainly on financing small and medium-sized businesses. Its director Samuel Vlčan added that the bank’s activities will be aimed at operating financial and commercial flows between Slovakia and the Commonwealth of Independent States (CIS).

The main shareholder in Sberbank Slovensko is Austrian Sberbank Europe, which is owned by the Russian mother company, TASR wrote.

Source: TASR

Compiled by Radka Minarechová from press reports

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