Sberbank Europe AG in Abwicklung products, services and reviews

About Sberbank Europe AG in Abwicklung

Sberbank Europe AG in Abwicklung is the former Vienna-based banking group now in orderly wind-down after being found failing or likely to fail in 2022 amid acute liquidity outflows triggered by geopolitical developments and heightened sanctions risk. The Austrian Financial Market Authority imposed a moratorium and subsequently revoked the institution’s banking license, halting new business, payments, and lending; the entity operates solely to liquidate assets and settle creditor claims under Austrian insolvency and resolution frameworks. Eligible deposits were reimbursed by the Austrian deposit guarantee scheme up to statutory limits, while non‑covered balances and other creditor claims are addressed through the insolvency process; borrowers are required to continue servicing loans according to instructions from the liquidator or any transferee of assets. At group level, certain Central and Eastern European subsidiaries were either sold to local acquirers under resolution measures or wound down by national authorities, leaving the Austrian parent to focus on asset recoveries, claim verification, and distributions. Oversight is exercised by the competent court and the national supervisor, with official notices detailing procedures and deadlines; ultimate recoveries depend on the performance and sale of loan portfolios and other assets, potential legal actions, and the impact of international sanctions on counterparties and cash flows. The institution does not accept new customers or provide banking services, and existing stakeholders should follow communications from the liquidator and the deposit guarantee scheme for any required steps.