Sberbank’s Ural branch invests 70 billion RUR in the Urals

10 September 2008 (10:38)

Sberbank’s Ural branch keeps working on its long-term loan offers and financial billion-ruble construction and investment projects, including, for example, the Affordable Housing program and the Academic multi-faceted area development project. Their largest investment project comes to 6 billion RUR, says Sberbank of Russia’s Ural branch’s Deputy Chairman Oleg Fedotov.

‘We are currently supporting the Urals’ economy with 70 billion RUR through our financing and credit offers, with 20 to 25 billion RUR invested in construction projects and the rest in industry and agriculture. This means we can both attract investment and invest ourselves quite efficiently,’ he notes.

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