DGAP-UK-Regulatory: Sberbank: Sberbank and TurkEximbank Reach $1 Billion Agreement to Increase Turkish Exports and Trade with Russia

3 Dec 2012 15:34

Sberbank / Miscellaneous 03.12.2012 17:34 Dissemination of a UK Regulatory Announcement, transmitted byEquityStory.RS, LLC - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Sberbank and TurkEximbank Reach $1 Billion Agreement to Increase Turkish Exportsand Trade with Russia December 3, 2012, Istanbul - Sberbank of Russia, the largest financialinstitution in Russia, the CIS and Eastern Europe, and Export Credit Bankof Turkey (TurkExim) today signed a $1 billion Memorandum of Understanding(MOU) to facilitate increasing Turkish exports of goods and services toRussia and other countries in which Sberbank operates and TurkExim programsare available. Herman Gref, Chief Executive Officer and Chairman of the Board of Sberbank,and TurkExim General Manager Hayrettin Kaplan signed the Memorandum ofUnderstanding. The signing took place during the working visit ofPresident of Russian Federation V. V. Putin to Turkey. Sberbank's Chairman Herman Gref underlined: 'Russia and Turkey arestrategic partners in the sphere of increasing international trade flowsand mutual investment projects. Our target is to increase the financing ofoperations between Russian and Turkish companies keeping in mind recentintegration of Deniz Bank into Sberbank's group This Memorandum ofUnderstanding will significantly expand Sberbank group's capabilities tosupport business of our customers via modern and optimal schemes offinancing in all regions of our presence'. According to the terms of the agreement, TurkExim and Sberbank intend tosupport up to $1 billion in Turkish exports to buyers in Russia and othertarget countries through the next 3 years. And TurkExim will considerincreasing the amount of financing support should demand exceed $1 billion. # # # Sberbank of RussiaAlexander BaziyanPublic Relations Tel. +7(495) 957 5721media@sberbank.ru Sberbank of Russia is the largest bank in Russia and holds almost one thirdof all Russian banking sector assets. The Central Bank of the RussianFederation is the founder and major shareholder of Sberbank, owning 50% ofthe total share capital plus one voting share. Other shares are held bymore than 245,000 individual and institutional investors. The Bank has thelargest distribution network in Russia with over 19,000 offices as well assubsidiaries in 20 countries including the CIS, Central and Eastern Europeand Turkey. In September 2012, Sberbank completed the acquisition ofDenizBank AS which is ranked 6th among private and 9th among all Turkishbanks by consolidated total assets. The Bank holds the general banking license No.1481 issued by the Bank ofRussia.The official website is www.sberbank.ru. 03.12.2012 EquityStory.RS, LLC's Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: Sberbank 19 Vavilova St. 117997 Moscow RussiaPhone: +7-495-957-57-21Fax: E-mail: media@sberbank.ruInternet: www.sberbank.ruISIN: US80585Y3080, RU0009029540, RU0009029557Listed: Frankfurt in Open Market (Entry Standard) ; MICEX, RTSCategory Code: MSCLSE Ticker: SBERSequence Number: 1278Time of Receipt: Dec 03, 2012 17:34:07 End of Announcement EquityStory.RS, LLC News-Service ---------------------------------------------------------------------------

UK-Regulatory-announcement transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.