DAVOS, Jan. 19 - Sberbank of Russia still has no plans to withdraw from the Ukrainian market, Sberbank CEO Herman Gref told reporters on the sidelines of the World Economic Forum in Davos.

"Not for now. For now this issue is not on the agenda," Gref said in response to a journalist's question.

Last month, Gref said Sberbank's Ukraine assets "are shrinking" but "we do not see any outlook for a swift departure from the market." The effective nationalization of PrivatBank, one of the biggest banks in the sector, has had a negative impact on the stability of the situation, with both corporate and individual clients.