OREANDA-NEWS.  March 22, 2013. Sberbank of Russia and the Czech Export Bank are pleased to announce the signing of a cooperation agreement. The agreement was signed by Herman Gref, Chief Executive Officer and Chairman of the Management Board of Sberbank, and Jiri Klumpar, Chief Executive Officer of Czech Export Bank. The parties have agreed to actively cooperate on the development and maintenance of Czech-Russian exporting and importing operations.

Sberbank’s Chairman Herman Gref, commenting on the signing, said: “Today marks a new stage in the historical economic relationship between the Czech Republic and Russia. There are significant possibilities created by cooperation in trade flow servicing between our two countries, and this agreement will allow us to build on them”.

Herman Gref also highlighted that Czech suppliers are involved in both projects in Russia and Russian companies’ projects outside of Russia.

The Czech Export Bank (CEB) is a specialized banking institution, directly and indirectly state-owned, aimed at providing state support for exports. It was set up in 1995 and is one of the pillars of the government’s pro-export policy system. The CEB’s mission is to provide state support for exports through the provision and financing of export credits and other services connected with exporting.