The emblem of Swiss Financial Market Supervisory Authority FINMA is seen exterior their headquarters in Bern, Switzerland April 5, 2016. REUTERS/Ruben Sprich
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BERLIN, July 1 (Reuters) – The Swiss financial market supervisory authority FINMA stated it’s permitting Sberbank Switzerland AG to meet claims of its non-sanctioned creditors in mild of the financial institution’s extra steady scenario.
From July 1-5, Sberbank Switzerland is allowed to meet due claims of its creditors and make corresponding payouts, FINMA stated in an announcement on Friday.
Repayments, particularly to sanctioned individuals or to the guardian firm Sberbank Russia, stay excluded, added FINMA.
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Writing by Miranda Murray; modifying by Brenna Hughes Neghaiwi
Our Standards: The Thomson Reuters Trust Principles.
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