21.09.2009

HMS Group and Sberbank (The Savings Bank of the Russian Federation) enter into an agreement for a long-term cooperation

Hydraulic Machines and Systems Management Ltd. (HMS Management Ltd.) and Joint-stock commercial Savings Bank of the Russian Federationprogram of cooperation to increase effectiveness of their economic activity. (Western Siberian Bank of Sberbank of Russia OJSC) have entered into an agreement for a strategic partnership. Pursuant to the signed document, the parties have agreed on a long-term

The cooperation for the purposes of the strategic partnership covers comprehensive settlement and cash services for the enterprises being part of HMS Group; short-term and long-term lending for different purposes of “HMS Group” OJSC; long-term investment lending, corporate and project financing, issue and maintenance of credit cards; deposit services; financial consulting and optimization of the money flows; mutual support in the implementation of the joint programs and projects; development of the joint systems of client support in the company and bank, cash collection and receipt, servicing of foreign economic activity. 

For the time being a loan portfolio of HMS Group production facilities in Western Siberian Bank of Sberbank of the Russian Federation exceeds 3 bln rubles which accounts for more than 60% of the HMS Group’s loan portfolio. 

 

“HMS Group” OJSC is one of major pump and complex hydraulic systems producers for oil and gas complex, power generation, housing and public utilities, water management etc. It is one of the leading manufacturers of oilfield equipment and, besides, a dynamically developing company which carries out engineering and building services for oil and gas production. The revenue of “HMS Group OJSC” for 2008 in  accordance to IFRS was 14.1 bln rubles, EBITDA – 1.7 bln rubles and net profit – 0.4 bln rubles.

The official website of HMS Group is www.grouphms.ru
 

Sberbank of Russia OJSC is the largest bank in Russia, Central and Eastern Europe, accounting for 30% of the aggregate Russian banking assets. It is the key lender to the national economy. The Central Bank of Russia is the founder and the controlling shareholder of Sberbank owning 60% of its voting shares. Sberbank’s shareholders are more than 200,000 individuals and corporate entities. Sberbank has the largest countrywide branch network in Russia with 17 regional banks and more than 20,000 offices, operates subsidiary banks in Kazakhstan and Ukraine. 

General Banking License No. 1481 of Bank of Russia 

Official website of the bank - www.sberbank.ru
 

Western Siberian Bank OJSC of Sberbank of Russia is the largest bank in Western Siberia. It operates in the Tyumen and Omsk Regions, the Khanty-Mansijsk and Yamalo-Nenets Autonomous Districts. The branch network includes more than one thousand offices. The Bank invests in all sectors, acts as a strategic partner in business development of many regional companies, actively participates in the implementation of government economic and social programs. 

The official website of the bank - www.zsb.sbrf.ru