OREANDA-NEWS. Sberbank CIB, the corporate and investment banking business of Sberbank, signed an agreement on the opening of a credit line for over 1.2 billion roubles with leasing company TransFin-M.

The financing term is 5 years.

"TransFin-M is one of our key clients, and we highly appreciate our cooperation in financial leasing. We are always ready to provide our financial tools under terms that are convenient for the company, and the signing of this agreement is another stage in the effective development of our cooperation," said Managing Director of Sberbank’s Transport and Automotive Industry Division Mikhail Aksyutkin.

TransFin-M is one of the leaders of the Russian leasing market. The company was established by Blagosostoyanie non-state pension fund, one of Russia’s biggest non-state pension funds, in 2005. The volume of new business based on total contract price was 46.9 billion roubles, while the total size of the leasing portfolio exceeded 277 billion roubles in 2016. The company’s fleet includes more than 58,000 cargo carriages and 131 passenger carriages as of today. Standard & Poor’s has assigned a B international credit rating to the company.