Sberbank and ING Group sign credit accord

Sberbank and ING Group signed on October 25 an agreement on a EUR350m line of credits, the press service of the bank reported. This accord envisages the possibility to finance projects that Russian companies are interested in over a 5-year period concerning importing equipment, machinery, technologies and services from Austria, Belgium, Germany, Denmark, Spain, Italy, Korea, the Netherlands, Poland, Finland, France, the Czech Republic, Sweden, Switzerland and a number of other countries.

The document was signed by ING Group Executive Board Chairman Michel Tilmant and Sberbank President Andrey Kazmin.