Sberbank and Russian Council of Shopping Centers sign cooperation agreement
Sberbank and the Russian Council of Shopping Centers have signed a cooperation agreement that will see them unite their efforts in developing retail property and enhancing industry expertise.
Other lines of cooperation include:
- exchange of information related to the industry of shopping malls, including statistical data and analytical studies to identify trends and the logic of segment development
- holding events to facilitate the exchange of ideas to develop the bank’s products (including non-financial services and PropTech initiatives), taking into account the nature of the segment.
When working with corporate clients, we are guided by an industry-specific approach, which allows us to develop customized solutions that take into account the nature of industries in detail. The coronavirus pandemic has become a major challenge for the retail real estate industry. To support the latter, Sberbank has restructured the debt of RUB1.1 tn that commercial real estate enterprises have, while the volume of restructured retail real estate loans reached RUB790 bn. I am confident that joining forces with the Russian Council of Shopping Centers, the leading association of a kind, will improve the expertise and data exchange and help us create the most convenient products and services for a comprehensive solution to the challenges facing the industry.
Deputy Chairman of the Executive Board, Sberbank
The difficulties in repaying the main loans that enterprises in the commercial real estate sector faced during the pandemic have become a catalyst strengthening inter-sectoral ties and an impetus driving the interaction with public authorities. On its end, Sberbank provided timely support to businesses and expressed a lively interest in creating and promoting bank offerings that take into account the nature of the industry and are aimed at companies’ sustainable growth. Therefore, the consolidation of the Russian Council of Shopping Centers with the leading financial institution in Russia will undoubtedly spur the active development of the entire retail real estate industry. We are focused on long-term fruitful work, which will result in new and modern methods and solutions for systemic progress in the operations of all commercial real estate enterprises
President, Russian Council of Shopping Centers