EUR 600 million syndicated long-term loan facility.

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Sberbank Europe AG
Corporate Communications Manager
Mag. Linda Michalech
Tel.: +43 1 22732 1300
Mobile: +43 664 8891 3662
linda.michalech@sberbank.at

Agrokor d.d.
Director of PR 
Anja Linić' Sikavica
Tel. +3851 4894 304
pr@agrokor.hr

Sberbank and Agrokor announce EUR 600 million syndicated long-term loan facility

10 April 2014, Moscow – Today Sberbank of Russia and Agrokor Group announced a syndicated loan facility of EUR 600 mln during the signing ceremony of the Memorandum of Understanding on Cooperation (MoU). The agreement was signed by Herman Gref, Chairman of the Executive Board of Sberbank Group, and Ivica Todorić, President  of the Agrokor Group. 

This MoU, along with the announced EUR 600 mln loan will support Agrokor Group, one of the leading privately owned companies in Central and Eastern European region, in refinancing its existing financial liabilities and the further development of the Company. The loan maturity is 7 years.

This financing demonstrates Sberbank’s increased activity in the CEE region, with Sberbank of Russia participating EUR 500 million and Sberbank Europe AG with EUR 100 million. This deal also marks the successful continuation of the long-term strategic partnership between Sberbank and Agrokor to enhance services in the CEE retail sector. This will include the initiation of joint programs to better serve the financial needs of customers through innovation, new products and services, including digital solutions to enhance the banking and consumer purchasing experience. 

Commenting on the deal, Herman Gref, Chairman of the Executive Board of Sberbank Group, said, “Sberbank is committed to expanding its footprint further into the CEE region as part of its international strategy. This deal, which is one of the largest corporate deal to date for Sberbank Europe, demonstrates our intention to provide innovative funding solutions to our corporate clients.” 

„Agrokor has been present on the international capital market since two decades. Our partners are major global investors. However, getting and signing this Agreement with Sberbank Group is an exceptional honor and pleasure for Agrokor, the more so as it is one of the  largest corporate deal to date for Sberbank Europe. This Agreement is a value acknowledgement of Agrokor's operations, as well as its vision and strategy“, said Ivica Todorić, President of the Agrokor Group, on this occasion.  

Innovative products and services for the Croatian market

The projects which are already in the pipeline in Croatia include the cooperation in providing payment operations and money transfer in Konzum and Tisak stores as well as offering more favorable conditions for general purpose financing to Agrokor customers. For 2014 a Sberbank-Konzum card is planned as a joint consumer finance product, offering innovative features and special benefits.

First success of the Agrokor-Sberbank cooperation in Serbia

The Agrokor-Sberbank cooperation was already started in the Serbian market where a loyalty card named “Superkartica” was launched last year as a cooperation of NIS (Gazprom), Idea (Agrokor) and Sberbank, joining the program by equity acquisition. Only five months after the launch, over one million “Superkartica” have been issued. They can be used in more than 500 retail outlets all over the country. More than 18 million transactions have been performed with the “Superkartica” so far. 


Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets and it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 110 million individual customers and one million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with more than 18,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.
The Bank holds the general banking license No.1481 issued by the Bank of Russia. Website: 

Sberbank Europe AG is a subsidiary company of Sberbank of Russia and headquartered in Vienna. It manages a network of nine universal banks in eight Central and Eastern European countries: Slovakia, Czech Republic, Hungary, Slovenia, Croatia, Bosnia and Herzegovina (incl. Banja Luka), Serbia and the Ukraine. In total the bank operates 280 branches and has 4.500 employees (as at 30.06.2013). Banking activities of Sberbank Europe focus on large corporates, small and medium-sized businesses as well as retail banking customers, project financing and referral business. Website: www.sberbank.at

Sberbank d.d. ranks 9th in terms of total assets on the Croatian banking market. Since February 15, 2012 it is a member of the Sberbank banking group. Due to its international network, the Bank is able to provide financial support to its clients not only in Croatia, in which it operates a branch network of 32 branches in 23 cities, but also to support the client's efforts in doing business abroad.  
As per December 31, 2013 total assets of the Bank amounted to HRK 9.262 mio, and its capital adequacy was at 20.7%, which indicates the Bank’s high level of security and stability. Website: www.sberbank.hr

Agrokor Group is the largest privately owned Croatian company and one of the leading food and retail companies in southeast Europe according to total revenues. Its core businesses are  production and distribution of food and drinks and retail, comprising among others the largest producers in their respective industries: mineral water - Jamnica d.d. in Croatia and Sarajevski kiseljak in Bosnia & Herzegovina; ice-cream - Ledo d.d., Croatia, Ledo Čitluk, Bosnia & Herzegovina and Frikom a.d. in Serbia; oil, margarines and mayonnaise - Zvijezda d.d., Croatia and Dijamant a.d., Serbia; meat industry - PIK Vrbovec d.d. in Croatia; Belje, the largest agricultural and industrial capacity in Croatia; the leading retail chains - Konzum d.d. Croatia, Konzum in Bosnia and Herzegovina and the retail chain Idea in Serbia. Website: www.agrokor.hr

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