OREANDA-NEWS.  December 05, 2013. Pioneer Group and Sberbank CIB have signed a long-term strategic partnership agreement that aims to increase the effectiveness of the Group’s operations. The agreement expresses the parties’ interest in developing and strengthening cooperation.

Under the strategic partnership Sberbank CIB will provide Pioneer Group comprehensive investment banking and advisory services on Russian and international markets, organise equity capital and debt capital deals, and cooperate in the area of financing the Group, providing banking services and interacting as a part of marketing initiatives.

“Currently Pioneer Group is actively growing its project portfolio and offering innovative investment real estate solutions and therefore we are interested in modern finance instruments. This agreement speaks volumes about the Group’s reliability and makes our products even more attractive. In addition, it paves the way for extensive cooperation with Sberbank CIB. Together we have already successfully implemented five residential complexes in Moscow, including Residential Quarter LIFE-Mitinskaya and Residential Quarter LIFE-Shodnenskaya,” commented Andrey Grudin, Founder and Managing Director of Pioneer Group.

“Sberbank has been working with Pioneer Group on financing construction projects and providing mortgage lending since 2006. During that time the total volume of financing attracted has exceeded RUB 13 bln. We proposed that Pioneer Group should become one of our key strategic partners. Under this agreement we are ready to provide comprehensive financial solutions tailored to meet our client’s needs,” said Andrey Donskih, Deputy Chairman of the Board of Sberbank of Russia and Head of Sberbank CIB.