OREANDA-NEWS. November 27, 2012. During the annual Euro Finance Week Sberbank signed a memorandum of understanding with the Ministry of Finance and Economy of the Republic of Serbia. Sergey Gorkov, Deputy Chairman of Sberbank of Russia, signed the memorandum on behalf of Sberbank and Dragijana Radonjic-Petrovic, special advisor to the Minister of Finance and Economy of the Republic of Serbia, signed the memorandum on behalf of the Ministry of Finance and Economy of the Republic of Serbia, reported the press-centre of Sberbank.

The signing ceremony was attended by Herman Gref, CEO and Chairman of the Management Board of Sberbank, and Ivica Dacic, Prime Minister of Serbia.

Sergey Gorkov commented: “Our subsidiary Sberbank Europe (former Volksbank International) which operates a network consisting of nine universal banks in eight countries in Central and Eastern Europe, has reached a new level of development. The signing of the memorandum of understanding with the Ministry of Finance and Economy of the Republic of Serbia will undoubtedly further strengthen the position of Sberbank in the region”.