Sberbank achieves lifting of US sanctions against DenizBank

Sberbank hopes the EU sanctions will be softened late in 2016 - early 2017, while the US sanctions against its subsidiary, DenizBank, were lifted.

"We are looking forward to relaxation of EU sanctions against Sberbank Group at the turn of this year - early next year. We do not put this into forecasts but hope so," the deputy CEO Alexander Morozov said.

According to the bank's another deputy CEO, Svetlana Sagaidak, Sberbank’s European subsidiaries have shown quarterly profit for the first time. "The quarterly profit was posted for the first time," TASS cited her as saying.