OREANDA-NEWS. December 15, 2009. Russia’s Sberbank and KAMAZ Inc. received the state guarantee of the Russian Federation. The guarantee will make up KAMAZ’s liabilities of 2.15 billion roubles to Russia’s Sberbank (the company’s effective loan is 4.3 billion roubles).

The credit will help KAMAZ Inc. to finance current production activities, as regards settling with suppliers, tax payment, wage payment and other needs.

Russia’s Sberbank regards the receipt of this state guarantee as an important step to support priority industries of the Russian economy. KAMAZ Inc. considers that the issued state guarantee will help the company to meet the crisis phenomena with minimum losses.

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Russia’s Sberbank OAO is the largest bank in Russia, Central and Eastern Europe which accounts for about 30% of assets of the Russian banking system, the main creditor of the national economy. The founder and the main shareholder of Sberbank is Central Bank of the Russian Federation (over 60% of voting shares). The shareholders of the bank are more than 200 thousand individuals and legal entities. The bank has got the most extensive filial network in Russia: 17 territorial banks, more than 20 thousand branches and internal organization departments, as well as affiliated banks in Kazakhstan and Ukraine.

The general license of Russia’s Bank for banking activities is 1481. The official site of the bank is www.sberbank.ru.

KAMAZ Inc. is the largest producer of trucks and diesel engines in Russia. By yield the company ranks 11th in the world; by engines it takes 8th place. 4 joint ventures were set up with the participation of the leading foreign producers of vehicle components: ZF KAMA (gearboxes), CUMMINS KAMA (engines), KNORR-BREMSE KAMA (brake systems), and Federal Mogul Naberezhnye Chelny (details of a cylinder-and-piston group).