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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

Sberbank provided HMS Group with a loan
Further to the program of cooperation, the West-Siberian Bank of Sberbank of Russia provided Hydromashservice JSC (incorporated into “HMS Group” JSC) with a loan of RUB 800 million. The loan funds are granted for a period of three years. The company will start to repay the loan in two years.

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