Austrian financial regulator bans Sberbank Europe AG from continuing business operations - press release

BRUSSELS. March 2 (Interfax) - The Austrian Financial Market Authority has banned Sberbank Europe AG from continuing business operations.

"Under instruction by the European Central Bank (ECB), the Austrian Financial Market Authority (FMA), has today issued an administrative decision, prohibiting the licensed credit institution "Sberbank Europe AG" [...] from continuing business operations with immediate effect," a press release published on the financial regulator's website said.

An external auditor has been appointed for the bank, it said.