The Single Resolution Board (SRB) has adopted final decisions that no compensation is due to shareholders affected by the resolution actions concerning Sberbank banka d.d. and Sberbank d.d., concluding they would have fared worse under normal insolvency proceedings on the resolution date. As a result, the affected shareholders are not entitled to compensation from the Single Resolution Fund. The decisions rely on post-resolution valuations carried out by an independent valuer for each entity and on the SRB’s assessment of written submissions received through a “right to be heard” process. In the 1 March 2022 resolution actions, all shares issued by Sberbank d.d. and Sberbank banka d.d. were transferred to Hrvatska Poštanska Banka d. d. and Nova Ljubljanska Banka d.d., respectively; the Valuation 3 reports assessed hypothetical insolvency outcomes and found no positive difference in treatment for shareholders. The SRB had issued preliminary notices on 4 July 2024 and invited comments before confirming its final position.
Single Resolution Board 2025-01-14
Single Resolution Board rules no compensation for Sberbank banka d.d. and Sberbank d.d. shareholders after finding they were better off in resolution
The Single Resolution Board (SRB) finalized decisions that no compensation is due to shareholders of Sberbank banka d.d. and Sberbank d.d., as they would have fared worse under normal insolvency proceedings. These decisions are based on independent post-resolution valuations and the SRB's assessment of submissions from a "right to be heard" process. The resolution actions involved transferring all shares to Hrvatska Poštanska Banka d.d. and Nova Ljubljanska Banka d.d.