Sberbank CIB News

Sberbank broadening cooperation with businesses in the Far East at the Eastern Economic Forum

11.09.2018

 

  • Agreements have been signed with regard to financing projects in the region.
  • An agreement with Aurora JSC involves sharing experience in putting together operational processes, managing risks and project activity.
  • A trilateral agreement signed by Sberbank’s Dalnevostochny Bank, IRC Limited and Sberbank Investments LLC involves all-round cooperation in the areas of lending, investment banking services, and analytical and information support.

On the first day of the Eastern Economic Forum, Sberbank signed a number of agreements with representatives of businesses based in the Far East. Agreements have been signed that involve financing projects in the region, as well as strategic partnerships and developing effective cooperation in personnel policy and management of internal business processes.

The strategic cooperation agreement signed with Aurora JSC aims to intensify the partnership between the company and the bank, including by exchanging experience in putting together operational processes, managing risks and project activity. Previously, a new aircraft for regional flights was added to the company’s fleet with participation of Sberbank Leasing and financing from the Far East Development Fund. The agreement was signed by Chairman of Sberbank’s Dalnevostochny Bank Dmitry Sukhoverkhov and CEO of Aurora Konstantin Sukhorebrik.

In addition, a trilateral agreement was signed by the Dalnevostochny Bank, IRC Limited and Sberbank Investments LLC. It involves all-round cooperation in the areas of lending, investment banking services, and analytical and information support. The document was signed by Sberbank Vice President Oskar Ratsin, Chairman of the Dalnevostochny Bank Dmitry Sukhoverkhov and Executive Director of IRC Limited Danila Kotlyarov.

IRC Limited’s operations involve creating mining enterprises in Russia’s Far East and processing iron ore.

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.

The Bank holds the general banking license No.1481 issued by the Bank of Russia. Official websites of the Bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.

Sberbank CIB

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.
 

1 On the basis of JSC “Sberbank CIB” and Sberbank.
2 Banking products and services provided by Sberbank.