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Sberbank and Transneft Reach Agreement On Claim Settlement
25.12.2017 17:02
Sberbank and Transneft Reach Agreement On Claim Settlement

Sberbank has opened three credit lines totalling 3.15 bln roubles for leasing company TransFin-M. The loans are being provided for more than five years and will be used to refinance expenses on current activities.

      “Sberbank and TransFin-M have worked together since 2013. In 2017 alone we provided the company with more than 8 bln roubles’ worth of financing,” commented Anton Kiryukhin, Head of Sberbank CIB’s Transport & Automotive Industry Division. “We highly value our cooperation with TransFin-M and intend to broaden it.”

      In addition to financial leasing services, Transfin-M provides a leasable fleet of universal open wagons, covered wagons and tank cars, and renders freight transportation and rolling stock repair services.

      Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and more than 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.


Author: Anna Dorozhkina


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