OREANDA-NEWS. During the 19th St. Petersburg International Economic Forum, Sberbank of Russia and JSOC Bashneft signed a Strategic Cooperation Agreement that runs until 2018. On behalf of Sberbank of Russia the document was signed by Maxim Poletaev, First Deputy Chairman of the Executive Board, and on behalf of Bashneft - by Alexander Korsik, President, Chairman of the Management Board.

The agreement envisages the broadening of cooperation between Sberbank of Russia and Bashneft in a number of areas, including Sberbank's possible provision of financing and debt portfolio optimisation services for Bashneft, as well as investment banking services (via Sberbank CIB).

The agreement also includes the possibility of developing joint marketing initiatives, and cooperating and sharing experience in management of internal business processes and HR policy.