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Economic development

Sberbank of Russia Supports VEB's Initiative for PPP Bond Class Creation

Strategic Insights

— 1 min read

Sberbank of Russia has endorsed the initiative by the Vnesheconombank (VEB) to create a new bond class that is backed by credits directed towards infrastructure development projects financed through Public Private Partnership (PPP) mechanisms. Sberbank is willing to offer its portfolio of co-financed social infrastructure projects to VEB for refinancing purposes. The bank's first deputy chairman, Alexander Vedyakhin, emphasized the importance of designing a national PPP project standard that meets the requirements set by the Bank of Russia and the Ministry of Finance of Russia. Vedyakhin also highlighted Sberbank's expertise in PPP financing, having pioneered standardized solutions for infrastructure projects based on PPP mechanisms.

Key Takeaways:

  • Sberbank of Russia supports VEB's initiative to create a new bond class backed by credits for infrastructure development projects funded through PPP mechanisms.
  • The bank is willing to offer its co-financed social infrastructure projects portfolio to VEB for refinancing purposes.
  • Alexander Vedyakhin, Sberbank's first deputy chairman, emphasized the importance of designing a national PPP project standard that meets the requirements of the Bank of Russia and the Ministry of Finance of Russia.
  • The current loan portfolio for regional concessions managed by Sberbank totals over RUB 120 bn, covering multiple sectors including social, municipal, and transport infrastructures.
  • Sberbank has launched over 400 projects across more than 60 subjects of the Russian Federation with a total budget exceeding RUB 350 bn.
  • Sberbank pioneered standardized solutions for infrastructure projects based on PPP mechanisms.

Statistics:

  • Total number of projects launched by Sberbank: over 400
  • Total number of subjects of the Russian Federation involved: more than 60
  • Total budget of Sberbank's regional infrastructure projects: exceeding RUB 350 bn
  • Total value of Sberbank's current loan portfolio for regional concessions: over RUB 120 bn
  • Total sectors covered by Sberbank's regional concessions portfolio: social, municipal, and transport infrastructures

Sources:

  • [1] Sber supports VEB's initiative to create a new bond class backed by credits directed towards infrastructure development projects funded through Public Private Partnership (PPP) mechanisms
  • [2] Alexander Vedyakhin, first deputy chairman of the Executive Board, Sberbank of Russia
  • [3] Statement made by Alexander Vedyakhin during Sberbank's news release

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