OREANDA-NEWS. Sberbank and the Federal Treasury have signed a cooperation agreement. The document was signed by Herman Gref, CEO and Chairman of the Executive Board of Sberbank and Roman Artyukhin, Head of the Federal Treasury (Treasury of Russia). The signing ceremony took place in Sberbank's Head Office.

Under the agreement, the main areas of cooperation are developing and deploying modern banking technologies and infrastructure in order to automate money provision services for government sector organisations in accordance with the priority model, which was approved by the agreement.

In particular, the priority model of interaction between Sberbank and the Federal Treasury in 2015-2017 determines the Federal Treasury's use of the automated systems Sberbank Corporation and Sberbank Business Online to provide funds for government sector organisations.

"The agreement forms the basis for our cooperation in the area of non-cash payments using bank cards," commented Herman Gref. "Sberbank will provide the Treasury of Russia services for opening and maintaining bank accounts for recording transactions to provide funds to organisations with accounts that have been opened with the Treasury of Russia and financial bodies of the regional entities of Russia (municipalities)."

"The introduction of bank cards to the public sector would have been impossible without the banking sector's support," commented Roman Artyukhin. "I am certain that this agreement with Sberbank will help us to reduce the amount of cash present in the public administration sector, and in the long-term will allow us to make a complete switch to non-cash payments in the sector."