Swiss financial watchdog allows Sberbank Switzerland to meet claims of non-sanctioned creditors
BERLIN, July 1 (Reuters) - The Swiss financial market supervisory authority FINMA said it is allowing Sberbank Switzerland AG to meet claims of its non-sanctioned creditors in light of the bank's more stable situation.
From July 1-5, Sberbank Switzerland is allowed to meet due claims of its creditors and make corresponding payouts, FINMA said in a statement on Friday.
Repayments, in particular to sanctioned persons or to the parent company Sberbank Russia, remain excluded, added FINMA.
Writing by Miranda Murray; editing by Brenna Hughes Neghaiwi
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