Sberbank opens a credit line for Agrokor worth 350 million euros

May 04, 2016

May 4, 2016, Moscow – Sberbank opens a 6 year credit line worth  350 million euros for Agrokor, the biggest producer and distributor of food and beverages in Eastern Europe.

Svetlana Sagaidak, Senior Vice-President of Sberbank commented: “Sberbank and Agrocor have a successful partnership for several years. The new long-term credit is another step in development of mutually beneficial relationship”.

Agrokor is the biggest private company in Croatia and one of the biggest businesses in production and distribution of food and beverages and retail in terms of revenue in Southern Europe. In 2014 Sberbank provided to Agrokor a credit line worth 600 million euros. During the Saint-Petersburg International Economic Forum in 2015 Sberbank and Agrokor signed a Memorandum of Understanding, which provides the basis for the partnership. 

 

# # #


Sberbank
Alexander Baziyan
Press office  
Tel. +7(495) 957 5721
media@sberbank.ru

 

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 ntional 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 135 million individual customers and more than 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, 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.