Sberbank and GEFCO Group signed a Memorandum on Cooperation at the 21st Saint Petersburg International Economic Forum. The document was signed by First Deputy Chairman of the Executive Board of Sberbank Maxim Poletaev and Chairman of the GEFCO Group Management Board Luc Nadal.
The Memorandum on Cooperation will serve as the foundation for a mutually beneficial partnership. The companies plan to join efforts to carry out projects in a range of areas, including trade, financial activity, logistics, and development of modern technology.
The relationship between Sberbank and GEFCO will involve developing and deploying financial instruments to support operational and investment activity, and also financing GEFCO Group’s working capital. Sberbank will develop schemes for secure electronic document exchange and support other strategic projects in the interest of both parties. The partnership will also involve researching electronic aggregator platforms for transport and logistics services, and providing advisory services for foreign economic contracts as part of Sberbank’s investment projects. In addition, GEFCO will provide advisory services in the area of managing transport flow and optimisation of solutions that are part of Sberbank-financed projects to develop logistic infrastructure.
“GEFCO Group is one of Europe’s largest logistics operators, and also one of Sberbank’s newest partners,” commented Maxim Poletaev. “We welcome this new mutually beneficial partnership and are delighted to offer some of the most modern comprehensive financial solutions to the Group, including in the areas of investment and cutting-edge technology. I am certain that this agreement – the first joint project between the Group and the Russian banking sector – will help GEFCO to achieve its strategic objectives in Russia. Sberbank is ready to provide the highest possible level of service to assist them in doing this.”
The Memorandum on Cooperation with Sberbank is GEFCO’s first project that links it to the Russian banking industry. “It is important that we open up new horizons and share our expertise with companies from different sectors. Today we once again had the opportunity to do this. As Russia’s largest bank, Sberbank plays a key role in the country’s financial system, and we are very pleased to have launched a partnership with it. This agreement is a testament to the high level of trust in our company,” commented Luc Nadal.
Information for editors:
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 145 million customers in 22 countries. Sberbank has the largest distribution network in Russia with almost 15,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries. The Bank holds the general banking license No.1481 issued by the Bank of Russia. Official websites of the Bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.
Tel: +7 (495) 937-31-70 (ext. 111)
Mob: +7 (917) 529-27-72
GEFCO offers to design and implement logistics schemes alongside manufacturers, a source of added-value that strengthens their competitiveness. The performance GEFCO delivers to its customers is based on the expertise acquired over the last 65 years, particularly in the automotive industry, one of the most complex and demanding sectors. Present in 150 countries, GEFCO is one of the top 10 European Groups. It achieved a turnover of €4.2 billion in 2015 and employs 12,000 employees. GEFCO is developing its activities in Central and Eastern Europe, Russia and the CIS, Central and Southeast Asia, the Middle East, and North and South America.
GEFCO in Russia
GEFCO opened its first representative office in Russia in 2003. The company is one of the top three Russian and international logistics operators. It now has representative offices in Moscow, Domodedovo, Saint Petersburg, Nizhny Novgorod, Kaluga, Novorossiysk, Tolyatti, Chelyabinsk and Vladivostok. The company has opened its first Russian logistics centres for storing and pre-sale preparation of vehicles. GEFCO employs more than 475 highly-qualified employees in Russia.
Sberbank CIB1 is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business2, investment banking services, trade operations with securities, and private equity. Sberbank’s corporate and investment banking business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.
Sberbank Press Service
Tel: +7 (495) 957-57-21