Sberbank CIB1, the corporate and investment banking business of Sberbank, has held the business breakfast Russian Agriculture 2.0: Focusing on Exports, which brought together the key players of the Russian agricultural industry to discuss new opportunities for growth and the obstacles standing in their way. The event was attended by senior executives of Russia’s biggest agriculture companies, representatives of medium-sized businesses, and international industry consultants and experts.
The participants of the business breakfast noted that Russia’s agricultural sector has considerable export potential, with annual exports possibly exceeding $45 bln by 2024. This target will be achievable if there is a clear understanding of the strategy for future investments, and a structural and technological transformation takes place, including changes to the approaches taken by Russian exporters. The guests of the event also stressed the need for a more in-depth dialogue about the comprehensive and multi-factored conditions of doing business on international agricultural product markets. There was a separate discussion of the potential for different forms of cooperation between agriculture companies and other market players.
Alexander Vedyakhin, First Deputy Chairman of the Executive Board of Sberbank:
“Russia’s agricultural sector has massive potential to develop and successfully competitive on a global scale. Our enormous export potential can be realised by interacting on products offered by financial institutions such as Sberbank, which are capable of not only meeting the needs of agriculture companies in terms of financial and supporting exports, but also acting as drivers of technological, managerial and digital evolution in the sector. Sberbank’s loan portfolio of agricultural sector companies has reached 900 bln roubles; we will ensure that it continues to grow.”
During the business breakfast, Sberbank representatives talked in detail about the bank’s role in carrying out approaches and initiatives of its clients as part of the export strategy, forming and developing opportunities for cooperation, and creating joint programmes and investments in projects.
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.
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.