Russia's Sberbank says its unit well placed for ECB stress tests

May 7, 2015 11:18 AM

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MOSCOW May 7 (Reuters) - Russia's top lender Sberbank said on Thursday its Austrian unit, Sberbank Europe, was well placed to pass the European Central Bank's stress tests.

"As to Sberbank Europe's capital adequacy, taking into account the recent capital increase and a subordinated loan from the parent bank, it significantly exceeds the regulator's requirements," Sberbank said in emailed comments.

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