The goal is to see Sberbank increase its capital in Serbia, capital that will be utilised primarily for economic development, Serbian prime minister Ivica Dacic said in a statement issued after he attended the MoU signing ceremony at an economic forum in Frankfurt on Thursday.
Sberbank entered the Serbian market through the acquisition earlier this year of 100% of Volksbank International, the unit responsible for Oesterreichische Volksbanken's retail operations in Central and Eastern Europe.