OREANDA-NEWS. September 30, 2011. In the frame of the SIBOS International Financial Forum Sberbank of Russia signed a Letter of Intent for the Fixed Fee Programme offered by S.W.I.F.T. scrl., reported the press-centre of Sberbank of Russia.

Practical implementation of this arrangement shall allow Sberbank to reduce costs related to usage of the SWIFT substantially. The Fixed Fee Programme was elaborated by S.W.I.F.T. scrl for selected clients who generate a large volume of message traffic transmitted via SWIFT, and has never been offered in the Russian market before.

The Programme provides the participants with a possibility to increase the amount of transactions channelled via SWIFT by 50 p.c. without an additional charge for the traffic.

The Protocol shall cover all members of the Sberbank Group.

''We are on our way to being a global institution'', head of Sberbank's delegation, Ms. Olga Kanovich, Senior Vice President of Sberbank, pointed out at the signing ceremony. ''And our efforts should be aimed at creation of the most efficient business environment for both existing and future members of the Sberbank Group''.