DGAP-News: Sberbank: Sberbank of Russia and HSBC Bank PLC have signed a Framework Loan Agreement for US$ 2,000,000,000 and the 1-st trade related Commercial Facility Agreement for US$100,000,000
(firmenpresse) - EquityStory.RS, LLC-News: Sberbank / Key word(s): Miscellaneous
Sberbank: Sberbank of Russia and HSBC Bank PLC have signed a Framework
Loan Agreement for US$ 2,000,000,000 and the 1-st trade related
Commercial Facility Agreement for US$100,000,000
21.06.2012 / 18:41
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Sberbank of Russia and HSBC Bank PLC have signed a Framework Loan Agreement
for US$ 2,000,000,000 and the 1-st trade related Commercial Facility
Agreement for US$100,000,000.
Saint Petersburg, 21 June 2012 - On the occasion of XVI Saint Petersburg
International Economic Forum Sberbank of Russia and HSBC Bank PLC have
signed a Framework Loan Agreement for US$ 2,000,000,000 for providing
Sberbank of Russia with a short, medium and long term trade finance
advances including the advances to be covered by Export Credit Agencies.
The first deal under the Framework Agreement has become a 1 year term trade
related bilateral loan for US$ 100,000,000 granted to Sberbank by HSBC
Bank.
Deputy Chairman of the Board of Sberbank Andrey Donskikh said: 'The
conclusion of the Framework Agreement as well as the 1-st Commercial
Facility Agreement is a next important step of the progressive development
of cooperation between Sberbank and HSBC Bank in the sphere of trade
finance.
This agreement will allow Sberbank to boost trade finance business and to
offer competitive products to our corporate clients, including the
financing to be covered by Export Credit Agencies'.
Co-Head of Global Markets of HSBC Holding Plc Spencer Lake said: 'Sberbank
has been a key partner for the HSBC Group in Russia for many years. We are
particularly delighted to sign this important agreement after many months
of work. Signing the Framework Agreement reinforces the bank's commitment
to our clients in the region'.
Sberbank of Russia
Alexander Baziyan
Public Relations
Tel. +7(495) 957 5721
media(at)sberbank.ru
Sberbank is the largest bank of Russia that holds about 27% of the Russian
banking assets and employs nearly 240,000 people. The Central Bank of
Russian Federation is the founder and major shareholder of Sberbank, owning
57.6% of its issued outstanding shares. Other shares are held by more than
245,000 individual and institutional investors. The Bank has one of the
largest networks in Russia: 17 territorial banks, about 19,000 branches as
well as subsidiaries in Kazakhstan, Ukraine and Belarus, a branch in India,
representative offices in Germany and China. With the acquisition of
Volksbank International in 2012 Sberbank gained presence in nine Central
and Eastern European countries.
The bank holds the general banking license No.1481 issued by the Bank of
Russia.
The official website is www.sberbank.ru
End of Corporate News
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Language: EnglishCompany: Sberbank
19 Vavilova St.
117997 Moscow
Russia
Phone: +7-495-957-57-21
E-mail: media(at)sberbank.ru
Internet: www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557
Listed: Foreign Exchange(s) MICEX, RTS
End of News EquityStory.RS, LLC News-Service
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174997 21.06.2012
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Datum: 21.06.2012 - 12:41 Uhr
Sprache: Deutsch
News-ID 1126710
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