Russian Post has entered into three loan agreements with Sberbank, Raiffeisenbank and Alfa-Bank to borrow a total of RUB 7.5 billion at less than 3% p.a. under a preferential lending program of Russia’s Ministry of Digital Development, Communications and Mass Media, the company informed.
The money will be raised to finance a number of digital transformation projects in 2020-2024: a smart sorting management system; a geographically distributed order storage and picking platform; an optimized online products and services platform; a platform for universal geoinformation and analytical support for regional network management; a single information and communication platform; a single automated post office system; a single information analytical platform (DataCloud).
Russian Post is the operator of the Russian government postal network, operating in all regions of the country. The Company's product range includes all types of postal services (delivery of written correspondence and postal items, international postal service, etc.), money transfers and delivery of pension payments, utility payments. The Company acts as a consumer goods and internet supplier in remote towns and settlements. The Company is wholly owned by the state.
Sberbank of Russia (tax number: 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the principal lender to the Russian economy and has the highest share in the market of deposits. The bank's authorized capital is RUB 67.76 billion. It consists of 21,586,948 thousand common shares and 1 billion preferred shares with a face value of 3 rubles each. The Russian Federation represented by the Ministry of Finance owns 52.32% of Sberbank's total voting shares.
AO Raiffeisenbank is a subsidiary company of Raiffeisen Bank International AG. Raiffeisen Bank International AG is leading corporate and investment bank in the financial markets of Austria, Central Europe and Eastern Europe. In Central and Eastern Europe, Raiffeisen Bank International manages an extensive network of subsidiary banks, leasing companies and a wide range of providers of other specialized financial services in 14 markets.
Alfa-Bank is the largest universal privately-owned bank in Russia. Its active client base reaches about 550,000 corporate clients and more than 16 million individuals. The bank’s network comprises 498 offices in Moscow and Russian regions, 900 cities with courier delivery, and 27,900 own and partner ATMs. In the first half of 2020, according to the IFRS financial statements, total assets of Alfa-Bank Group, including ABH Financial, Alfa-Bank and its subsidiaries, amounted to $54.7 billion, the total loan portfolio was $38.3 billion, and the share capital reached $8.2 billion. Net profit amounted to $592 million.
