Sberbank CIB1, the corporate and investment banking business of Sberbank, has provided project financing to developer company Leader Invest. The funds, RUB 14.6 bln, will be used to build the first stage of the multifunctional residential complex Lobachevsky 120 in the Ramenki district in western Moscow.
Lobachevsky 120 is a business-class multifunctional residential complex consisting of three blocks of varying height. The complex has a total area of more than 238,000 square metres, and includes 1,473 flats from 45.5 to 135 square metres. The grounds of the complex will feature a recreational area with softscape elements, a nursery for 238 children, and a school.
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 21 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.