Sberbank CIB’s 2013 trade finance, documentary deals worth $43.5bn

By Andrei Skvarsky.

Sberbank CIB, the investment arm of Russia’s biggest lender Sberbank, has announced it carried through “record” numbers of trade finance and documentary operations in 2013, putting the total volume of the deals at $43.5bn.


The investment firm said in a statement its documentary operations topped the $33bn mark last year, with its transactions within Russia showing more rapid growth than those abroad.

The more than 1,500 trade finance deals pulled off by Sberbank CIB in 2013 were worth over $10.5bn.

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