OREANDA-NEWS. A delegation from Sberbank CIB1 took part in the 47th Annual Meeting of the Asian Development Bank (ADB), which was held at the beginning of May in Astana. The Sberbank Group was represented by the Financial Institutions Division, Trade Finance and Correspondence Relations Division, Marketing and Communications Department, and also subsidiary bank Sberbank (Kazakhstan) JSC and DenizBank.

This event is a key conference for the Asian financial community and brings together the senior management of major Asian global financial groups. During the conference meetings were held with representatives of 20 banks and financial companies from Japan, China, Taiwan, India, Australia, the Middle East and other regions. The key topics of discussion were the Sberbank Group's international strategy and potential cooperation with Asian partners on various products.

At the event Sberbank held an evening reception, which was attended by over 150 representatives from 49 different financial institutions, including Atsushi Yoshikawa, President of Nomura Group; Catherine Lee, Chairman of Bank of Taiwan; McKinney Tsai, Chairman of Mega Bank; Tatsufumi Sakai, Managing Executive Officer of Mizuho Bank, and other top managers of Asian banks and international financial institutions, such as Jean-Louis Ekra, President and Chairman of African Development Bank, and the heads of the EBRD and IFC.

Andrey Ivanov, Head of Trade Finance and Correspondence Relations Division, remarked: "For the first time a Sberbank Group delegation has taken part in an event hosted by the Asian Development Bank. We were able to not only strengthen relations with current partners, but also discuss prospects and potential cooperation with new partners. We consider that this visit will create the momentum needed to develop relationships and business in Asia and improve the Group's position in the region. The Sberbank Group's participation in ADB's Annual Meeting is a significant event for the global financial community and enables us to correctly position the Group amid the current political and economic situation."