Agencija za Bankarstvo Republike Srpske


01.03.2022. yr.

Number: D-4/22

Date: 01 March, 2022


Pursuant to Article 22 b of the Law on the Banking Agency of Republika Srpska (“Official Gazette of Republika Srpska”, No. 59/13 and 4/17), and Article 14, Paragraph 6, Item a) of the Statute of the Banking Agency of Republika Srpska ("Official Gazette of Republika Srpska", No. 63/17), the Banking Agency of Republika Srpska, on 3 June, 2022 adopted the




„Sberbank“ a.d. Banja Luka



Article 1

(1) Banking Agency of Republika Srpska (hereinafter: the Agency), in accordance with Article 231 of the Banking Law of Republika Srpska (Official Gazette of Republika Srpska No. 4/17, 19/18 and 54/19) (hereinafter: the Law), assessed that the “Sberbank” a.d. Banjaluka is failing or likely to fail and there is no reasonable prospect that any other measure, including private sector measures, supervisory measures, including early intervention measures would prevent the failure of the bank within a reasonable timeframe, taking into account all circumstances applied to the bank.

(2) Banking Agency of Republika Srpska, adopts the Decision on initiation of the resolution process on „Sberbank“ a.d. Banjaluka (hereinafter: the Bank), considering that it has determined that the conditions from Article 231 of the Law have been met, and especially having in mind that the Bank faced significant withdrawal of customer deposits in the period from 25 to 28 February 2022, which could lead to a significant deterioration of the Bank's liquidity position. Increased withdrawal of deposits was caused by the fact that the European Central Bank assessed that "Sberbank Europe" AG is failing or likely to fail, due to a significant outflow of deposits and which will lead to complete deterioration of "Sberbank Europe" AG liquidity position. This was also confirmed by the Single Resolution Board. The all above was caused by the events on the geopolitical scene caused by the conflicts between Ukraine and Russia, and the economic and financial sanctions that the United States, the European Union and other countries have taken against Russia.

(3) The date of the beginning of the resolution process over the Bank is considered to be March 1, 2022 starting from 08:00 a.m.

(4) During the resolution process, the Bank is obliged to act in accordance with Article 238 of the Law for a period of 48 hours, or from 08:00 am on 01 March, 2022 until 08:00 am on 03 March, 2022.


Article 2

(1) When assessing the justification and the possibility of liquidation or bankruptcy proceedings against the Bank, the Agency determined that the liquidation or bankruptcy of the Bank would not be justified, given that they would have a negative impact on the stability of the financial sector and the real sector as well.


(2) The Agency conducted a public interest assessment in terms of achieving one or more resolution objectives defined in Article 222 of the Law, by assessing each resolution objective individually, and it was determined that the Bank's resolution achieves all individual resolution objectives:

  • to ensure continuity of the bank’s critical functions,
  • to avoid bigger adverse effect on the financial system, in particular by preventing contagion, including to market infrastructures, and by maintaining market discipline,
  • to protect budgetary and other public funds, by minimizing reliance on extraordinary public financial support,
  • to protect insured depositors and,
  • to protect client funds and client assets.


Article 3

In accordance with Article 232 of the Law, before initiating the resolution process, the Agency provided an assessment of the bank's assets and liabilities.


Article 4

In accordance with Article 240, Paragraph 1 and Paragraph 2 of the Law, the Agency will apply one or more resolution instruments on the Bank in the resolution process.


Article 5

(1) The Decision shall be published in the Official Gazette of Republika Srpska, daily newspapers published throughout Bosnia and Herzegovina and on the Agency’s website.

(2) The Bank shall publish the initiation of the resolution process on its website.

DELIVERED TO:                                                                                                                                                     

  1. SBERBANK“ a.d. Banja Luka                                                                                                                                  acting
  2. „Single resolution Board“ Brussels                                                                                                                   Deputy Director
  3. Central Bank of Bosnia and Herzegovina                                                                                                            Srđan Šuput
  4. Deposit Insurance Agency of Bosnia and Herzegovina
  5. Republika Srpska Ministry of Finance
  6. Committee for Coordination of Financial Sector Supervision of Republika Srpska
  7. Banja Luka District Commercial Court