OREANDA-NEWS. On September 15, 2015, Sberbank CIB organized a RUB 40 bln eleven-year credit line for RusHydro.

The signing of the agreement does not mean that funds will be disbursed immediately. Under the agreement RusHydro can use the credit line if the need arises. The funds will be used to finance RusHydro's current operational, financial and investment activities.

Member of the Board, Deputy General Director of RusHydro, Sergey Kirov, said, "RusHydro is focused on working with leading Russian banks and maintaining a balanced financial policy. The decision to open a credit line at Sberbank is part of this strategy. Together with Sberbank the company has already completed several successful deals. I am sure that together with our longstanding, reliable financial partner RusHydro will realize many major projects."

"Financing energy sector companies is one of our priorities," said Member of the Executive Board and Deputy Chairman of the Executive Board of Sberbank of Russia, Head of Sberbank CIB, Oleg Ganeev. "Our relationship with RusHydro, a leading energy sector company, is built on many years of mutually beneficial cooperation, and we value the trust that has developed between us. Thanks to this deal we can strengthen our position in this very important sector of the economy and help RusHydro achieve its business objectives."