Sberbank  / Miscellaneous

29.04.2014 12:55

Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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April 29, 2014, Moscow - Sberbank of Russia announces that the National Bank of Ukraine has completed an extraordinary inspection of Sberbank of Russia's Ukrainian subsidiary in order to assess the Bank's compliance with the legislative requirements on financial monitoring.
In accordance with the Ukrainian legislation on financial monitoring, one of the bank's main tasks is to block financial operations of the individuals included into the list of those involved in terrorist activities or those to whom sanctions were applied (taking into account FAFT's recommendations). In this respect, the Ukrainian subsidiary of Sberbank of Russia notes that it has taken all necessary measures including introduction of information systems blocking such operations, which has been confirmed by the National Bank of Ukraine's inspection.
The inspection did not find any violations that could lead to the legalization of funds obtained as a result of criminal activity (money laundering) or financing of terrorism through Sberbank of Russia's Ukrainian subsidiary.

For reference: the degree of compliance with the legislative requirements on financial monitoring of the Ukrainian subsidiary of Sberbank of Russia was found 'satisfactory' during the last routine inspection by the National Bank of Ukraine for the period between 11 January 2011 until 11 January 2013.

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Sberbank of Russia
Alexander Baziyan
Press office  
Tel. +7(495) 957 5721
media@sberbank.ru

Sberbank of Russia is Russia's largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 110 million individual customers and 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with more than 18,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.
The Bank holds the general banking license No.1481 issued by the Bank of Russia. The official website is www.sberbank.ru.
 



29.04.2014 EquityStory.RS, LLC's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:           English
Company:            Sberbank
                    19 Vavilova St.
                    117997 Moscow
                    Russia
Phone:              +7-495-957-57-21
Fax:                
E-mail:             media@sberbank.ru
Internet:           www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557 Listed: Frankfurt in Open Market (Entry Standard) ; MICEX, RTS Category Code:      MSC
TIDM:               SBER
Sequence Number:    2018
Time of Receipt:    Apr 29, 2014 12:55:36
 
End of Announcement EquityStory.RS, LLC News-Service  

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