Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
Russian bombers deliver successfully strikes on terrorists' facilities in SyriaWorld January 21, 15:39
Denmark uses Russian data in its application for expanding shelf — ministerBusiness & Economy January 21, 15:15
Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
ST PETERSBURG, June 20 (Itar-Tass) - Within the framework of the St. Petersburg International Economic Forum (SPIEF), Russia's Sberbank has signed agreements worht over $800 million, according to materials of this credit-lending organization.
In particular, Sberbank signed an agreement on cooperation and a trade-financing framework agreement with the Overseas Chinese Banking Corporation (OCBC Bank) to the tune of $500 million.
The major Russian bank signed an agreement with the European Investment Bank on the financing of Sberbank credts to small and medium-sized businesses. Under the document, Sberbank will be able to attract financing to a sum equivalent to 300 million euros for a term of up to ten years for the purposes of refinancing the portfolio of credits to small and medium businesses within the scope of a special programme.
A Memorandum of Understanding has been signed between Sberbank and the leading Middle Eastern banking group Emirates NBD Bank PJSC (Emirates NBD), under which the sides will develop cooperation on debt capital markets in the fields of investment bank activities, bank services to clients, credit lending, trade financing, and correspondent relations.
Sberbank signed an agreement with the Japan Bank for International Cooperation (JBIC) and Mizuho Corporate Bank, Ltd. on attraction of credit resources for the purposes of trade financing of a project to build a plant manufacturing high-voltage transfomers in Kolpino District of St Petersburg and establish a joint-venture enterprise of the OAO Silovyye Mashiny (power machines) and Toshiba Corporation.
Sberbank and the International Finance Corporation (IFC) signed a Memorandum of Understanding.
Sberbank and "Gazprom Neftekhim Salavat" (GNS) have concluded an agreement on cooperation in the fields of corporate investment and retail banking. The agreement also provides for the possibility of financing by Sberbank of GNS production modernization invetment programme.
Sberbank is the Russian Federation's major bank which accounts for about 27 percent of the assets of the Russian banking system. The Central Bank (CB) of the RF is the founder and main stakeholder. The CB's share in Sberbank's charter capital is 50 percent plus one voting share.