Sberbank of Russia and Japan Bank for International Cooperation (JBIC) signed General Agreement for the amount of USD 600 million

September 19, 2013, Moscow – Sberbank of Russia and Japan Bank for International Cooperation (JBIC) signed General Agreement for the amount of USD 600 million. On behalf of Sberbank the General Agreement was signed by CEO, Chairman of the Board Herman Gref, on behalf of JBIC – by Hiroshi Watanabe, CEO and Executive Managing Director.

Under this General Agreement JBIC will provide long-term loans to Sberbank for financing of exports of equipment, machinery and services from Japan.

During the signing ceremony Herman Gref stated: “We have been working with JBIC for a few years already and have successfully closed several important deals under the previous Loan Agreement. Signing of the new General Agreement today will enable us not only to increase the total volume of our cooperation to USD 600 million but also to enhance our capabilities in offering our clients efficient financing solutions for various types of projects including imports of highly technological Japanese goods and equipment and development of local production in Russia and other countries of our presence together with Japanese companies”.

# # #

Sberbank of Russia
Alexander Baziyan
Press office
Tel. +7(495) 957 5721
media@sberbank.ru

Sberbank of Russia 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 110 million individual customers and 1 million corporate clients in 20 countries. Sberbank has the largest distribution network in Russia with more than 18,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.

The Bank holds the general banking license No.1481 issued by the Bank of Russia. The official website is www.sberbank.ru.