NIS and Sberbank Serbia started cooperation

(Agreement signing)

General Manager of Oil Industry of Serbia, Kyril Kravchenko and President of the Executive Board of Sberbank Serbia, Valerij Ovsjanikov, in the presence of the Vice President with the Sberbank, Sergey Gokov, signed the Agreement which initiates cooperation between two compnies. The document in the future provides an option of cooperation between NIS and Sberbank Serbia with respect to the project of mutual interest.

- We are welcoming new player at the banking market because it will contribute to competition increase and provide businessmen and investors new business development options. Sberbank Serbia offered NIS attractive cooperation terms and I am sure that we will use this partnership for our business development, both in Serbia and the South Eastern Europe – Kyril Kravchenko, General Manager of NIS said.

Sberbank traditionally has long-term relationship on mutual satisfaction with oil and gas companies.

- We are pleased that Sberbank Serbia signed this agreement with NIS. We are forecasting that in the upcoming period, similar documents will be signed with other entities in Serbia. We are interested in a long-term cooperation with companies from all economy segments – energy, food industry, trade and so on – Sergey Gokov, Vice President of Sberbank announced.