Sberbank withdraws from Slovakia and Hungary?

Russia's Sberbank is preparing to sell its business units in Slovakia and Hungary, the Czech daily newspaper Lidove Noviny reported on Monday, citing unnamed sources.

Reuters reports that the value of Sberbank's assets in Slovakia and Hungary at the end of 2013 were at EUR 2 billion and EUR 1.6 billion, respectively, which is why it is classified as a smaller player in these markets.

According to the Czech daily, three groups are interested in the Slovak unit: Czech-Slovak investment group Penta, Italy's UniCredit and Hungarian bank OTP, while the Russian bank's Czech operations are not for sale.

- Sberbank in the Czech Republic is not for sale, but a deal is already being prepared in Hungary and Slovakia - Lidove Noviny cited one unnamed investor as saying, while Sberbank refused to give any comment.

SBERBANK Rusija

UniCredit Group Milano

OTP BANK Budapest, Hungary

Sberbank

Penta

UniCredit

OTP bank

Sberbank operations