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Sberbank CEO confirms Ukrainian subsidiary bank to be sold at price below capital

Sberbank CEO confirms Ukrainian subsidiary bank to be sold at price below capitalSberbank of Russia will sell its subsidiary in Ukraine at a price below its capital, Sberbank CEO Herman Gref told journalists on the sidelines of Metro Expo.

This is reported by Interfax-Ukraine.

Read also: Ukrainian subsidiary of Russia's Sberbank may be sold for less then its capital

"There it's not being sold for one [times] capital, but less than capital, of course. The banks are not worth capital today," Gref said when asked about the amount of the deal in terms of Sberbank (Ukraine) capital.

Read also: Russian Sberbank selling its Ukrainian subsidiary
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