Sberbank, the Chinese engineering corporation "Xuan Yuan" and the Russian investment holding "Center for Port Infrastructure Development" (CRPI) signed a memorandum of intent defining the general principles of future cooperation. This is stated in the bank's message.
Sberbank, within the framework of the agreement, is ready to provide companies with trade financing of their export, import and domestic flows, including subsidiaries and affiliated companies. The memorandum indicates the parties' intentions to cooperate in the investment sphere, including the construction of a conveyor system for transshipment of coal products across the Amur River from the Amur Region of the Russian Federation to Heilongjiang Province, China.
Sberbank's expertise can be used to participate in servicing public debt instruments of companies, including transactions to attract credit funds to finance operational and investment activities, as well as to secure transactions for the acquisition of assets in the Russian Federation and abroad. The parties are considering the possibility of providing analytical and expert support to each other related to current and future joint projects.
Sberbank of Russia (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the main lender of the Russian economy and holds the largest share in the deposit market. Sberbank's services are used by customers in 18 countries around the world. The Bank has a branch network in Russia: about 14 thousand service points. The bank's foreign network consists of subsidiaries, branches and representative offices in the UK, USA, CIS, Central and Eastern Europe, India, China and other countries.
The authorized capital of Sberbank is 67.76 billion rubles and consists of 21586948 thousand ordinary shares and one billion preferred shares with a nominal value of 3 rubles. The main shareholder of Sberbank is the Russian Federation represented by the Ministry of Finance of the Russian Federation, which owns 50% of the authorized capital of Sberbank PJSC plus 1 voting share. The remaining 50% minus 1 voting share of the bank's authorized capital is owned by Russian and international investors.