OREANDA-NEWS. April 22, 2013. Sberbank and M.Video have signed a Partnership Agreement focused on developing key areas of banking services cooperation. Amongst these are – crediting, investment banking services, and the development of partnerships in areas such as customer lending and cash collection. The document was sign by the CEO and Chairman of the Board of Sberbank, Herman Gref and President of M.Video Alexander Tynkovan.

“Sberbank and M.Video have a long history of working together on a range of financial products,” Herman Gref commented, “The Company’s dynamic growth and the expansion of the range of services offered by Sberbank provides a great opportunity to further develop mutually beneficial relations. Sberbank values the success, achieved over the course of negotiations with M.Video and looks forward to further fruitful cooperation”.

"We are pleased to expand our cooperation with Sberbank - it will become one of our key partners in across a number of areas. We are confident that our partnership will help provide better shopping experience and service to the millions of Sberbank and M. Video customers across Russia", - said Alexander Tynkovan, president and founder of the M. Video.

The agreement was signed in the framework of the Russia Forum – a key annual business event dedicated to Russia and held in Moscow. Sberbank is organizer of the Forum.