Sberbank CIB provides Atomenergoprom JSC with loan worth RUB 10 bln

03.11.2016, Moscow

November 3, 2016, Moscow – On October 31, Sberbank CIB entered into an agreement to provide overdraft lending to Atomenergoprom JSC with a RUB 10 bln limit. Funds will used to finance the cash shortages of the company, which holds the civil assets of the Russian atomic industry.

Vadim Logofet, Managing Director, Head of the Energy Division of Sberbank CIB’s Client Management Department, commented: “Atomenergoprom is one of our key clients that focuses on high-tech solutions and introducing innovations. We highly value our cooperation and plan to develop this relationship. By signing this agreement, Sberbank demonstrates that it is engaged in creating effective business mechanisms and is committed to providing comprehensive support to the Russian atomic industry, which has significant growth potential.”

Atomenergoprom (part of Rosatom) is an integrated company that brings together the civil assets of the Russian atomic industry. The company provides a full production cycle of nuclear power engineering — from uranium production to nuclear power plant construction and energy generation. It holds 40% of the world uranium enrichment services market and 17% of the world nuclear fuel market (supplies for every 6th reactor in the world).

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

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 135 million individual customers and more than 4 million corporate clients in 20 countries. Sberbank has the largest distribution network in Russia with almost 17,000 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.

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Sberbank CIB is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business[1], 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] Banking products and services provided by Sberbank