At the 10th ATOMEXPO International Forum Sberbank and United Heat and Power Company (UHPC, a division of Rosatom State Corporation) entered into a memorandum of long-term strategic partnership in the area of investment activity in construction, reconstruction and increasing the efficiency of housing and utilities in cities and towns where Rosatom is present, including concession projects in the housing and utilities sphere.
This document will lay the foundation for a new ambitious area of cooperation between Sberbank and Rosatom.
The document was signed by Vice President and Head of Largest Clients Coverage Department of Sberbank CIB1 Sergey Babayan and CEO of UHPC Ksenia Sukhotina.
Vice President and Head of Largest Clients Coverage Department of Sberbank CIB Sergey Babayan said: “Transformation of the urban environment, including housing and utilities using advanced technologies, is a trend which we consider as a priority in the near future. In this regard, we expect the creation of a large market for lending to such projects. The formation of the strategic partnership with Rosatom — one of the leading technological companies in Russia — is a key stage in the process of strengthening Sberbank’s position in this market.”
ATOMEXPO International Forum has been held since 2009 at the initiative of Rosatom. Since then, 38,000 people from 83 countries have taken part in the forum, 987 companies have presented their exhibitions, and 1,116 experts have spoken at 141 round tables. At nine editions of the forum, more than 300 agreements and international documents on cooperation have been signed.
Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 145 million customers in 20 countries. Sberbank has the largest distribution network in Russia with almost 15,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.
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.