February 28 (SeeNews) - Sberbank Serbia, a unit of Vienna-headquartered Sberbank Europe, which in turn is owned by Sberbank of Russia, is highly liquid and well capitalised and its revenue comes mainly from the domestic market, the Serbian central bank, NBS, said on Monday.
Earlier in the day, the European Central Bank said Sberbank Europe and its two subsidiaries in the banking union - in Croatia and Slovenia, are failing or are likely to fail due to worsening of their liquidity situation as a result of the Russian invasion of Ukraine.
"The NBS is constantly monitoring and analysing the situation in the financial sector, as well as the situation on the entire domestic and international market, especially now in the conditions of increased geopolitical uncertainty caused by the crisis in Ukraine," NBS said in a statement.
The central bank also vowed to take necessary steps in the case it needs to support the functioning of the bank, and indirectly the entire monetary and fiscal system.
"Should the need arise, the National Bank of Serbia has at its disposal a set of instruments and regulatory measures that can allow it to respond quickly and efficiently and thus provide liquidity, i.e. the fulfillment of all obligations of this bank to the depositor," it added.
Sberbank Europe is fully owned by Sberbank of Russia, whose majority shareholder is the Russian Federation (50% plus one voting share).