Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

700 jobs
Number of planned job losses
Job loss
Announcement Date
28 February 2022
Employment effect (start)
30 June 2022
Foreseen end date


Sberbank CZ falls under Sberbank Europe and is owned by Sberbank Russia. Following a significant outflow of deposits, due to the backlash from Russia´s invasion of Ukraine, the bank found itself facing a situation of deterioration in liquidity and on Monday 28th of February announced its closure.

About 700 employees across the Czech Republic will lose their jobs. They are managers, data experts, IT specialists and traditional bankers. Dismissals will start at the end of the second quarter of 2022.

Sberbank has over 110,000 customers in the Czech Republic, citizens, large companies, institutions, and local governments. Most of them do not have to worry about losing their finances because of legal insurance. Deposits of up to €100,000 (CZK 2.5 million) per bank client - citizens and companies- are legally insured, even if in some cases they may not be enough.

The Czech National Bank has revoked the Sberbank CZ's license to operate in the Czech Republic and Sberbank Russia will leave the European market.



Eurofound (2022), Sberbank CZ, Closure in Czechia, factsheet number 106394, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106394.