Sberbank CIB1, the corporate and investment banking business of Sberbank, provided GHP Group with a five billion rouble credit line for a term of five years.
The loan will be provided to construct the elite residential complex One Trinity Palace in a historic neighbourhood of Saint Petersburg.
“One Trinity Palace is the first joint project of Sberbank and GHP Group, and we are delighted to participate in the creation of this residential complex that meets cutting-edge European standards,” said Natalia Shemanovskaya, Head of the Real Estate Division of Sberbank CIB’s Largest Clients Coverage Department.
GHP Group is a financial group that focuses on wealth management, private equity investment, M&As, and financial advisory.
Sberbank CIB is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business2, investment banking services, trade operations with securities, and private equity. Sberbank’s corporate and investment banking business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.