Prime Minister Janez Janša responded on Twitter to the announcement that the sanctions against Russia for its military aggression against Ukraine are already having an impact on the banking system, that Russian-owned banks in Europe are facing reduced confidence, and that, as a result, a decision has been taken at the level of the European Central Bank and the Single Resolution Board to suspend operations of Sberbank Europe AG, which also has a subsidiary bank in Slovenia.
Prime Minister Janez Janša wrote that despite the liquidation of Sberbank’s head office in Austria, citizens’ deposits in its small branch in Slovenia are safe. The Ministry of Finance, together with the Bank of Slovenia and EU institutions, is working to ensure that the disruption to operations and the transfer of deposits to a new owner is kept to a minimum.
According to the Bank of Slovenia’s press release, a transitional period or a short-term moratorium has been adopted in order to find a quick and constructive solution for the Slovenian subsidiary bank and thus ensure uninterrupted operations for all its clients. During this period, Sberbank’s operations in Slovenia are limited to card transactions; other services are temporarily unavailable and branches are closed. The Bank of Slovenia also noted that Sberbank is the only bank in the Slovenian banking system with Russian ownership. All other banks are operating as usual.