Sberbank

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14/10/2011

Bilateral Term Loan Facility for Sberbank

WestLB has arranged an amortizing USD 50,000,000 bilateral term loan facility 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 the trade finance area and the third such transaction that WestLB has sole-arranged for Sberbank within the last 18 months.

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 under the current market situation."

Contact:

Olga Ermachenko Financial Instituitions Moscow
Tel: +7 495 721 3134 Send Email

Alik Kassner Structured Finance Moscow
Tel: +7 495 258 6100 Send Email

About 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.