Sberbank launched credit to PPF.

06/03/2013
15:57

Sberbank launched credit to PPF.

PPF Real Estate Russia and Sberbank signed an agreement on the non-renewable credit line in the volume of 185.84mln euro for 7 years, the Bank informed.

The funds will be invested in the realization of the key development projects of PPF in Russia.

Sberbank of Russia (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. It has 67.76bn rub. in share capital split in 21586948ths common stocks and 1bn preferred stocks of 3 rub. par. The Bank of Russia keeps 50%+1 voting stocks in Sberbank. The Bank has 17 regional branches; subs in Kazakhstan and Ukraine.

The 9-month 2012 net profit (IAS) gained 262.8bn rub. which is 2.7% higher prior year period.

The 2012 net profit (RAS) rose 11% to 344bn rub.

"AK&M", 06.03.2013

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