Leading Russian bank – partner of EnergoFront
8 February 2018
In February 2018, EnergoFront LLC and Sberbank PJSC, as part of strategic cooperation, signed a long-term loan agreement, allowing EnergoFront to invest financial resources in new projects and timely fulfill obligations to counterparties. Bank specialists studied the results of the activities of EnergoFront LLC and highly appreciated the financial and economic condition of the company.
The signed financing agreement will strengthen the long-term liquidity position of EnergoFront LLC and will allow the company to meet upcoming financial needs within the framework of project implementation and operate in the market with an adequate supply of working capital.
Also, negotiations are currently underway to expand the range of financial services provided by the bank.
Opinion of Svetlana Skalkina, leading economist at EnergoFront LLC: “It is important for us to open new horizons and share our experience with companies from various industries. Today we once again have such an opportunity. As the largest bank in Russia, Sberbank plays a primary role in its financial system, and we are pleased to begin our cooperation. This agreement demonstrates the high level of confidence in the EnergoFront group of companies.”
With wishes of financial success,
EnergoFront team #FrontInfo
