Sberbank

Ljubljana – Slovenia’s largest banking group, NLB, reported on Thursday EUR 287 million in profit after tax for the first half of 2022, a 105% increase year-on-year. The growth was mainly driven by positive effects related to the acquisition of N Banka, formerly Sberbank. The profit of the core bank NLB fell from EUR 77.1 million to EUR 66.9 million.

Ljubljana – N Banka, the former Slovenian subsidiary of Russia’s Sberbank that was acquired by the NLB bank after sanctions were introduced against Russia, got a new chairman in Heribert Fernau on Friday.

The Russian embassy in Sofia, Bulgaria. Photo: Wikimedia Commons/MrPanyGoff.

The embassy claimed in a post on Facebook that it was launching the fundraiser in response to popular demand from Bulgarians.

The package of sanctions includes other tough measures, such as the removal from the swift of the largest Russian bank Sberbank

European Union leaders have backed an embargo on "more than two-thirds" of Russian oil imports, European Council President Charles Michel was quoted as saying on Twitter.

During the ongoing summit in Brussels, Michel also commented that the maximum pressure on Russia will end the war, and the oil embargo cuts a huge source of funding for the military machine.

At the state level, while all EU countries have unanimously approved the five rounds sanctions against these Russian/Belarusian entities and individuals, they have done so with varying degrees of enthusiasm.

The European Union's leader on Wednesday called on the 27-nation bloc to ban oil imports from Russia in a sixth package of sanctions targeting Moscow for its war in Ukraine.

European Commission President Ursula von der Leyen also proposed that Sberbank, Russia's largest bank, and two other major banks be disconnected from the SWIFT international banking payment system.

Ljubljana – The shareholders of the Slovenian subsidiary of Russia’s Sberbank, which was acquired by Slovenia’s largest bank NLB in March, formally decided on Monday to rename the subsidiary N Banka.

The European Union will launch a total economic war against Russia. This was stated by the Minister of Finance of France Bruno Le Maire in an interview with France Info radio.

"We will launch a total economic and financial war against Russia," the minister said. "The Russian people will bear the consequences."

Customers wait in long queues in a Sberbank branch in Sarajevo. Photo: BIRN

In Bosnia, many wanted to withdraw their money, fearing the loss of their savings. Bank officials are giving dates to customers if they want to withdraw large sums due to high demand.