Sberbank, Russia’s largest bank, has installed its first automated teller machine (ATM) in Simferopol, Crimea, and the bank plans to install more ATMs in a number of shopping malls on the Russian peninsula.

“Today, the first ATM was installed in Simferopol (Crimea),” Sberbank said in a statement on Friday.

And the Russian company undertook to install other devices by the end of March next year in different places of the Crimea in a number of shopping centers and supermarkets of the PUD network in Simferopol, Sevastopol and Yalta.

And in January last year, Sberbank announced the start of work in the Crimea, indicating that within a year it would deploy the services necessary for Sberbank on the peninsula.

Earlier, the governor of the city of Sevastopol Mikhail Razvogaev said that the office of “Sberbank” will appear in the city of Sevastopol in the first half of this year.

It is noteworthy that Sberbank, like other large Russian banks, was unable to operate in Crimea due to Western sanctions. Local banks operated in Crimea, the largest of which was the RNKB bank, as well as the Rossiya bank, Genbank, and others.

Source: News

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Robin Jackson is the editor-in-chief at 24PalNews. As an editor and author who covers business and finance, Robin shares the latest business news, trends, and insights with his extensive audience.

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