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Sberbank CIB/REGIONY signed agreement.

Sberbank CIB and REGIONY Group signed agreement on strategic cooperation in the volume of 61bn rub., the Bank informed.

The document stipulates development of cooperation in the funding of the investment program of REGIONY till 2017.

The corporate-investment business of Sberbank CIB was formed within the integration of Sberbank and Troika Dialog.

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 2013-net profit increased (RAS) 13.4% to 392.6bn rub. from 346.2bn rub. prior year; pretax profit gained 480.5bn rub.; assets being up 19.9% to exceed 16.3tril rub. (5.3% in rise).

The IQ 2014 net profit dropped 18% (IAS) to 72.9bn rub. from 88.5bn rub. prior year period due to the formation of reserves aimed to back devaluation of the credit portfolio; net interest added 19.7% to gain 239.6bn rub. from 200.2bn rub.; the assets reached 19.11tril rub. (4.9% in rise).

"AK&M", 06.06.2014


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