OREANDA-NEWS. Sberbank has opened an overdraft loan for the Nizhny Novgorod-based AGAT Group, one of the country's leading automobile retailers. The loan has a limit of 400 mln roubles and is provided as part of the Sberbank Corporation system.

"Cooperation between Sberbank and the Group focuses on a wide range of products, including cash and settlement services using the Sberbank Corporation system, a payroll project, cash collection, and acquiring," commented Andrey Sokolov, Head of Large and Medium Business Development at Sberbank. "The overdraft loan will help our client avoid cash shortages and to ensure uninterrupted cash flow."

AGAT Group is Russia's sixth largest retailer of new cars. The Group operates in nine Russian regions and has a portfolio of around 30 automobile brands.

In 2015 Sberbank made its conditions more favourable for overdraft lending for corporate clients - large and medium-sized enterprises.