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Sberbank of Russia has signed a trade finance club deal with investors from the Middle East
16.06.2013 11:51
Sberbank of Russia has signed a trade finance club deal with investors from the Middle East

Sberbank of Russia has signed U.S. $300 million 1 year trade related club loan to raise financing from the Middle Eastern banks with Citi acting as a lender and an arranger on June 14, 2013, reports Sberbank in its press release.
      The main participants of this club transaction are National Bank of Abu Dhabi, First Gulf Bank, Credit Libanais SAL, and other banks from the region.
      Andrey Ivanov, Global Head of Trade Finance and Correspondent Banking of Sberbank, stated: "This is a sound deal which enables Sberbank to access important financial markets and support trade transactions of our corporate clients with counterparties from the Middle East. Citibank's participation as an arranger of this club deal is another example of cooperation between two major financial institutions."

Author: Irina Fomina

Tags: Sberbank     

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