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2/25/2019, 6:28 PM (Source: TeleTrader)
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ECB sanctions Sberbank

The European Central Bank (ECB) announced on Monday it imposing an administrative penalty on Sberbank Europe AG, Russia state-owned PJSC Sberbank's subsidiary, for breaches of the large exposure requirements of the Capital Requirements Regulation.

The ECB fined the Sberbank €630,000 for exceeding the large exposure limit within two consecutive quarterly reporting periods in 2015 on an individual and on a consolidated basis.

The fine can be disputed before the Court of Justice of the European Union.

Breaking the News / MD