OREANDA-NEWS. December 26, 2013. Sberbank CIB together with Sberbank’s International Operations organized a guarantee issue2 amounting to RUB 17.9 bln against DenizBank A.S.’s counter-guarantee in favor of Akkuyu NPP JSC, a daughter company of Rosatom.

This complex deal is an important joint project with DenizBank A.S. and one of the largest trade finance deals for the Sberbank Group.

Andrey Ivanov, Head of Trade Finance and Correspondence Relations Division, Sberbank CIB, noted: “This ongoing project will develop and strengthen our relations with the state corporation Rosatom and will help DenizBank A.S. strengthen their position as the main servicing bank for Akkuyu NPP JSC in the Turkish market.”

Sberbank CIB offers their clients a complete line of trade finance and documentary business products2 for import, export, and settlements in Russia. “For the second year in a row Global Trade Review (GTR), the world's leading trade finance magazine, has named our team the best trade finance bank in the CIS. We are the only Russian bank appearing in the list of the world’s best trade finance banks,” pointed out Andrey Ivanov.