August 23, 2017 / 9:22 AM / a year ago

Russia's Sberbank builds up provisions for Croatia's Agrokor debt

MOSCOW, Aug 23 (Reuters) - Russia’s largest lender Sberbank has completed building up provisions for a loan it gave to Croatia’s indebted food and retail company Agrokor, the bank’s press office said on Wednesday.

Sberbank’s exposure to Agrokor amounts to about 1.1 billion euros. To lift part of the burden from the struggling Croatian food group, Sberbank last month bought a stake in Slovenian food retailer Mercator from Agrokor. (Reporting by Kira Zavyalova; Writing by Andrey Ostroukh; Editing by Christian Lowe)

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