Public joint-stock company "Sberbank Russia" gets rid of foreign assets with huge losses

Public joint-stock company "Sberbank Russia" abroad is known already, at least, of two cases unprofitable investments. 1 . Public joint-stock company "Sberbank Russia" in 2012 bought a share in the Turkish bank to Denizbank from the Belgian group Dexia for 3,5 billion dollars. Public joint-stock company "Sberbank Russia" in 2019 sold a share in the Turkish bank to Denizbank to the Dubai bank Emirates NBD Bank PJSC for 2,7 billion dollars. Loss – 0,8 billion dollars. Subsequently Public joint-stock company "Sberbank Russia" recognized in reportings a loss from sales Denizbank of 73 billion rubles. 2 . Public joint-stock company "Sberbank Russia" in 2015 gave out to the Croatian retailer of Agrokor d. d (later it is renamed into Fortenova Group) credit on 1,1 billion euro. In three years. .