Sberbank, BalAZ, Belaz-Holding and BPS-Sberbank signed memo of understanding in the volume of $300mln on the whole, as it was informed.
The memo stipulates the framework terms of cooperation in the funding of the current activity and investment program of BelAZ.
BelAZ is the largest producer of the trucks of high capacity and other equipment used in the mining and building sectors.
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 IH 2013 net profit (RAS) rose 4.8% to 191.8bn rub. from 183bn rub.
The IQ 2013-net profit moved down 4% (IAS) to 88.5bn rub.