Sberbank of Russia and Huawei sign a collaboration agreement
October 13, 2014, Moscow – Sberbank of Russia and Huawei, one of the largest producers of information and communications technology (ICT) equipment in the world, have signed a collaboration agreement. The document was signed by Herman Gref, CEO and Chairman of the Board of Sberbank and Guo Ping, Rotating CEO and Deputy Chairman of the Board of Huawei.
The agreement establishes direct relations between Sberbank and Huawei and allows Sberbank to buy equipment directly from the vendor. Moreover, the bank will act as the vendor’s financial partner in the promotion of its products in the Russian and CIS markets.
“Until recently, Sberbank used high-tech equipment mostly from American and European companies”, stated Herman Gref. “We are continuing and developing our cooperation with them, while at the same time turning our attention to alternative producers and providers”. This agreement will allow Sberbank to receive quality equipment for the best price”.
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Sberbank of Russia 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 110 million individual customers and 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with more than 18,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.
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