Sberbank: Sberbank of Russia and WestLB AG, London .
12.10.11 10:54
abonnierenMeldung
DGAP-News: Sberbank
Sberbank / Keyword(s): Miscellaneous/Miscellaneous
Sberbank: Sberbank of Russia and WestLB AG, London Branch ('WestLB')
Bilateral Term Loan Facility
12.10.2011 10:53
------------------------------------
Moscow, 12 October, 2011 - Sberbank of Russia ('Sberbank') and WestLB AG,
London Branch ('WestLB') are pleased to announce the completion of a
US$50,000,000 bilateral term loan facility arranged by WestLB for Sberbank
with a tenor of 4 years.
The funds are provided for trade-related purposes
in order to finance the activities of Sberbank's clients. The transaction
is another testament to Sberbank's growth strategy in trade finance area.
Sberbank's Global Head of Trade Finance and Financial Institutions
Department, Andrey Ivanov remarked: «The benefit for raising these loans
lies within Sberbank's strategy aimed at financing the foreign trade
activities of the Bank's clients, providing them with the most competitive
terms and conditions. WestLB has proven itself as a reliable partner of
Sberbank, providing long term financing in current market situation.'
WestLB's Head of Origination Russia and CEO of Bank WestLB Vostok (ZAO),
Alik Kassner added: 'This is the third such trade-related facility,
sole-arranged by WestLB for Sberbank within the last 12 months. We are
pleased once again to cooperate with Sberbank in the sphere of trade
finance. The 4 years tenor of financing proves the trustful relationship
with Sberbank, notwithstanding current volatile markets.'
Sberbank: Sberbank of Russia (Sberbank) is the largest Bank in Russia, with
approximately 27% of the total assets of the Russian banking system and
around 240,000 employees. The Central Bank of the Russian Federation is
the founder and the majority shareholder of Sberbank (over 60% of the
voting shares), with the rest of the shares dispersed among more than
245,000 individuals and legal entities. The Bank has the most widespread
branch network in Russia: 17 Regional Head Offices, over 19,000 branches
and banking outlets, as well as subsidiaries in Kazakhstan, Ukraine and
Belarus, a branch in India and representative offices in China and Germany.
Sberbank holds the General License No. 1481, issued by the Central Bank of
the Russian Federation.
Corporate website: www.sberbank.ru
WestLB: WestLB AG is a European commercial bank with firm roots in North
Rhine-Westphalia, Germany's largest federal state. With total assets of EUR
160.4 billion as at June 30, 2011, it is one of Germany's leading financial
services providers. WestLB offers the full range of products and services
of a universal bank, focusing on lending, structured finance, capital
market, asset management, transaction services and real estate finance.
Sberbank of Russia WestLB AG
Alexander Baziyan Alik Kassner
PR Department Head of Origination Russia
phone +7(495) 957 5721 Chairman & CEO
media@sberbank.ru Bank WestLB Vostok (ZAO)
phone: +7 495 258 6100 alik_kassner@westlb.com.ru
12.10.2011 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLCs Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------
Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russia
Phone: +7-495-957-57-21
Fax:
E-mail: media@sberbank.ru
Internet: www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557
Listed: MICEX, RTS
End of Announcement EquityStory.RS, LLC News-Service
---------------------------------
Sberbank / Keyword(s): Miscellaneous/Miscellaneous
Sberbank: Sberbank of Russia and WestLB AG, London Branch ('WestLB')
Bilateral Term Loan Facility
12.10.2011 10:53
------------------------------------
Moscow, 12 October, 2011 - Sberbank of Russia ('Sberbank') and WestLB AG,
London Branch ('WestLB') are pleased to announce the completion of a
US$50,000,000 bilateral term loan facility arranged by WestLB for Sberbank
with a tenor of 4 years.
in order to finance the activities of Sberbank's clients. The transaction
is another testament to Sberbank's growth strategy in trade finance area.
Sberbank's Global Head of Trade Finance and Financial Institutions
Department, Andrey Ivanov remarked: «The benefit for raising these loans
lies within Sberbank's strategy aimed at financing the foreign trade
activities of the Bank's clients, providing them with the most competitive
terms and conditions. WestLB has proven itself as a reliable partner of
Sberbank, providing long term financing in current market situation.'
WestLB's Head of Origination Russia and CEO of Bank WestLB Vostok (ZAO),
Alik Kassner added: 'This is the third such trade-related facility,
sole-arranged by WestLB for Sberbank within the last 12 months. We are
pleased once again to cooperate with Sberbank in the sphere of trade
finance. The 4 years tenor of financing proves the trustful relationship
with Sberbank, notwithstanding current volatile markets.'
Sberbank: Sberbank of Russia (Sberbank) is the largest Bank in Russia, with
approximately 27% of the total assets of the Russian banking system and
around 240,000 employees. The Central Bank of the Russian Federation is
the founder and the majority shareholder of Sberbank (over 60% of the
voting shares), with the rest of the shares dispersed among more than
245,000 individuals and legal entities. The Bank has the most widespread
branch network in Russia: 17 Regional Head Offices, over 19,000 branches
and banking outlets, as well as subsidiaries in Kazakhstan, Ukraine and
Belarus, a branch in India and representative offices in China and Germany.
Sberbank holds the General License No. 1481, issued by the Central Bank of
the Russian Federation.
Corporate website: www.sberbank.ru
WestLB: WestLB AG is a European commercial bank with firm roots in North
Rhine-Westphalia, Germany's largest federal state. With total assets of EUR
160.4 billion as at June 30, 2011, it is one of Germany's leading financial
services providers. WestLB offers the full range of products and services
of a universal bank, focusing on lending, structured finance, capital
market, asset management, transaction services and real estate finance.
Sberbank of Russia WestLB AG
Alexander Baziyan Alik Kassner
PR Department Head of Origination Russia
phone +7(495) 957 5721 Chairman & CEO
media@sberbank.ru Bank WestLB Vostok (ZAO)
phone: +7 495 258 6100 alik_kassner@westlb.com.ru
12.10.2011 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLCs Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------
Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russia
Phone: +7-495-957-57-21
Fax:
E-mail: media@sberbank.ru
Internet: www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557
Listed: MICEX, RTS
End of Announcement EquityStory.RS, LLC News-Service
---------------------------------
Kurs- und weitere Informationen zum Thema:
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