OREANDA-NEWS. August 04, 2014. Sberbank of Russia regrets the fact that the sanctions have been imposed.

Sberbank of Russia is the largest retail bank not only in Russia, but also in Central and Eastern Europe. More than 110 million people are customers with the Bank; they receive their salary, scholarships and SOCIAL grants through the Bank alongside other payment transactions. 24 million elderly people receive state pensions in Sberbank, almost every Russian citizen over 14 years old is a customer of Sberbank. 

Sberbank of Russia is a public company with an impeccable international reputation, the shares and GDRs of which are listed on the world's leading stock exchanges, over a third of the bank's shares are owned by investors from Europe and the United States, among the shareholders of Sberbank there are 217,000 individuals. The controlling shareholder of the Bank is the Central Bank of the Russian Federation.

In its operation Sberbank of Russia is guided by international best practice in its corporate governance, strictly adheres to the laws of the countries of its presence and meets all the standards of the European and American regulators.

Sberbank of Russia has all the necessary resources, management experience and expertise to continue to operate successfully in the current environment and to fulfil its obligations to its Russian and international customers and partners in compliance with the norms of Russian and international law.

Including Sberbank of Russia, which has no relation to the geopolitical processes, to the sanctions list undermines the foundations of the global financial system and does not contribute to the easing of the European crisis caused by the situation in Ukraine.