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    More NewsJP Morgan to Provide Sberbank with Five-year Trade Finance Loan

    JP Morgan to Provide Sberbank with Five-year Trade Finance Loan

    Author Date published September 22, 2011 Categories

    JP Morgan Treasury Services will provide a five-year, US$100m trade finance loan to Sberbank, to enable the bank to facilitate pre-export finance for a client in the oil and gas sector in Russia.

    The relationship between JP Morgan and Sberbank dates back to 1993 with JP Morgan providing US dollar commercial settlements and euro treasury settlements to Sberbank and Sberbank acting as a ruble clearing provider for JP Morgan.

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