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Ukrainian bank in dispute with Russian namesake

The banks dispute a similar name.

Ukrainian bank in dispute with Russian namesake
Photo: Max Trebukhov

The state-owned Oshchadbank Ukrayiny (in English: Savings Bank of Ukraine, in Russian: Sberbank Ukrainy) has filed a lawsuit against Sberbank, formerly the affiliate bank of Sberbank Rossii (in English: Savings Bank of Russia), over an intellectual property infringement, the bank's press service said on 15 January 2016.

Oshchadbank insists that it is the only lawful owner of the Sberbank trademark in Ukraine therefore the change of Sberbank Rossii's name was unlawful.

"Since Soviet times, a certain number of customers have still calling Oshchadbank as Sberbank. We cannot ignore or disrespect the interests of these people who may be confused by Sberbank's unlawful actions," Oshchadbank governor Andriy Pyshnyy said.

Sberbank Rossii was renamed Sberbank on 26 November 2015.