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A Series of Seminars Started at Corporate Centre of Mining Machines Group with Participation of Experts of JSC “SBERBANK OF RUSSIA”

07.02.2011

Different types of letters of credit were considered, in particular, at the seminar: with financing, post-financing, discounting, as well as types of bank guarantees, schemes of guaranteeing of direct bank guarantee and counter-guarantee.

“The purpose of the seminar is to form required knowledge by employees on existing documentary credit and guarantee operations, which allow minimizing financial risks of the Company when performing large purchases”, Marina Grashchekova, Head of Corporate Finances Department of Mining Machines SIC noted.

“Continuous increase of knowledge level of Mining Machines SIC employees allows developing successfully business according to international standards. On its part, the Bank is ready to share its professional knowledge because the grounds of our Bank activity as an organization lies in rendering assistance in realization of our clients’ needs and goals” Marina Bykova, Deputy Chairman of the Board of JSC “SBERBANK OF RUSSIA” noted.

A total of 52 employees from the Technical Directorate, Marketing and Sales Directorate, Production Directorate, Strategy and Investments Directorate, Finances and IT Directorate, Legal Provision Directorates of Mining Machines SIC will pass training.

JSC “SBERBANK OF RUSSIA” is a universal commercial bank that provides a full range of banking services to all categories of customers. One of the priority directions of the Bank’s activity is servicing of international companies operating in the Ukrainian market, as well as Ukrainian companies with Russian investments and major Ukrainian backbone enterprises. As of February 1, 2011 the network of regional offices of JSC “SBERBANK OF RUSSIA” includes 82 offices.

JSC “SBERBANK OF RUSSIA” is a 100% subsidiary bank of the Savings Bank of the Russian Federation (OJSC), the largest bank in Russia, Central and Eastern Europe. The founder and major shareholder of Sberbank is the Central Bank of the Russian Federation (more than 60 % of voting shares).


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