Sberbank Europe Generates Net Profit of EUR 34 Million

Professional ServicesBanks ♦ Published: April 11, 2019; 09:58 ♦ (Vindobona)

Vienna based Sberbank Europe looks back at its best annual result since the acquisition of Austrian Volksbank International in 2012.

Sberbank Europe AG headquarters at Schwarzenbergplatz 3, 1010 Vienna, Austria / Picture: © Wikimedia Commons / Sberbank Europe AG [CC BY-SA 4.0 (]

With a profit after tax of EUR 34 million for the year 2018, Sberbank Europe Group has demonstrated its strong position as a successful player in the banking market in Central and Southeastern Europe.

The net profit is the result of an improved business performance, efficient cost management and lower risk costs.

The introduction of a new instant loan in Germany, the…