OREANDA-NEWS. July 23, 2012. Sberbank took part in the Farnborough International Airshow 2012 – one of the world’s largest industry events held in the suburbs of London, reported the press-centre of Sberbank. 

Sberbank is a major financial partner of the Russian aviation and space industry. With its support, implemented are the projects for the creation and production of new models of Russian civil air equipment – a regional aircraft Sukhoi Superjet 100 and a long-range aircraft MS-21. The bank also participates in the implementation of programs for the development, modernization and export and domestic delivery of combat, combat training and special aircraft and helicopter equipment.

During the show, the managing director, director of the machine building customer department of Sberbank of Russia, Vladimir Yashin, took part in the press conference dedicated to one of the strategic projects financed by Sberbank, namely new Russian long-range aircraft MS-21. At the press conference, the United Aircraft Corporation first declared the amount of the credit facility opened by Sberbank of Russia to finance the MS-21 project of over USD 1 billion.

Answering the journalists’ questions, Vladimir Yashin noted the high professionalism of the team of Irkut Corporation (a member of the United Aircraft Corporation) implementing the project, and much attention that Sberbank paid to risk assessment. The stress test conducted by the bank for postponed implementation and increased cost items showed a high reliability of the project.

In the course of the show understandings were reached on expanding the cooperation and implementing the business projects with Sberbank’s key customers – major holding companies of aviation and space industries, including Unified Aircraft Corporation OJSC, Helicopters of Russia OJSC, and the Federal Space Agency.

In the context of the airshow, Sberbank presented its stand designed in the aviation style.

Summarizing the results of the event, Vladimir Yashin highly esteemed the efficiency of Sberbank’s work at the Farnborough 2012 airshow: “The representation of Sberbank of Russia at the Farnborough International Airshow allowed the Bank to make itself known on the international level as a reliable financial partner of major Russian aviation and space companies, to hold efficient negotiations and demonstrate its loyalty to its key customers of the military and industrial complex – a locomotive in the program of the modernization of Russia's economy development.”

The customers of Sberbank are 1,118 companies of the military and industrial complex, 375 of which use the bank’s credit products. Among Sberbank's borrowers are the structures of the Federal Space Agency (S.P. Korolev Rocket and Space Corporation Energia OJSC and M.V. Khrunichev State Research and Production Space Center), United Shipbuilding Company, United Aircraft Corporation, Tactical Missiles Corporation, etc. In 2012, Sberbank increased its credit portfolio of the military and industrial companies by 63 % – from RUB 204 billion to RUB 333 billion, with the amount of credit limits of over RUB 1 trillion.