On June 07, 2016 an agreement on cooperation between the Fund for the Development of Economics and Direct Investments of the Chukotka Autonomous Region and the Public Joint-Stock Company Sberbank of Russia was signed.
The subject of the Agreement is a set of measures aimed at the social and economic development of the Chukotka Autonomous Region, assistance in the development of cooperation of the Development Fund of the Chukotka Autonomous Region, representatives of the district business, representatives of state authorities and banking structures.
“The long-term cooperation of the parties in the financial and credit sphere and the information and communication fields is indicative and implies a qualitatively new breakthrough in the planned work of the Fund aimed at diversifying and broadening the scope of the region’s investment strategy. The main conditions of the signed agreement are fixed by the points of contact of interests in the development of the socioeconomic environment of the Chukotka Autonomous Region. The main joint efforts will be directed by the parties to assist in the implementation by the enterprises of the Chukotka Autonomous Region of investment projects involving credit facilities and guarantee products of the Bank, creating conditions in the interests of small and medium-sized businesses to ensure their equal access to information and credit resources. Joint participation in advisory assistance in structuring planned transactions by potential investors and in financing projects of small and medium-sized enterprises will give a synergistically positive effect, “commented Olga Plotnikova, Director of the Fund.
“The signed agreement gives the parties the opportunity to more productively coordinate the main directions of development of the business environment of the region. The most promising area for the development of the Region is, of course, mining. But behind the anchor projects of the region, the growth zone for infrastructure around large projects is clearly visible. Until now, in my opinion, the potential of the region has not been fully disclosed. There are prospects for diversifying the segments of the region’s economy. “- Sberbank Governor Alexander Semerikov, the head of the Chukotka head office (as a department) of the Far-Eastern Bank of PJSC PJSC said.
PJSC “Sberbank of Russia” is the largest bank in Russia and the CIS with the widest network of divisions offering the full range of investment banking services. The founder and main shareholder of the Savings Bank is the Central Bank of the Russian Federation, which owns 50% of the authorized capital plus one voting share; over 40% of shares belong to foreign companies. About half of the Russian private deposits market, as well as every third corporate and retail loan in Russia fall to Sberbank.
According to Banki.ru, as of May 1, 2016, the bank’s net assets – 22,933.75 billion rubles (1 st place in Russia), capital (calculated in accordance with the requirements of the Central Bank of Russia) – 2 764.46 billion, loan portfolio – 15 219.32 billion, liabilities to the population – 10 442.62 billion.
Fund87, 10.06.2016