This means that 60 percent of the previous Sbank customers have had their secured deposits paid out, and the ESA is assuming a total of 947 million euros. Since Sberbank belongs to a “separate accounting group”, these payments are also settled via the deposit systems of the Raiffeisen and savings banks.
On March 1, the Financial Market Authority prohibited the Vienna-based financial institution from continuing to operate. The end of the bank mainly affected 34,800 German private customers, especially at the online subsidiary Sberbank Direct, in Austria only 120.
