November 20, 2014, Moscow - Senior Vice-President of Sberbank of Russia Anton Karamzin spoke at the Third International Forum on Energy Efficiency and Energy Saving (ENES 2014) during the panel discussion "Private investments and bank financing of power efficient projects: plan of actions in complicated conditions".

Anton Karamzin noted the specific aspects of energy saving and energy efficiency projects, which give energy consumers a new cash flow - money saved by economising operational costs. These funds are the primary return on investment and servicing of debt (loan) financing.

According to the speaker, the main action plan for attracting private investment and bank financing for energy efficiency projects should encompass measures to encourage operator companies that provide public services (resource supplying organisations) to modernise and increase the efficiency of their operations. Such measures may include mechanisms to encourage investment: allocation of costs to invest in modernisation for the purpose of energy efficiency, government-targeted investment support, and determining concise operational and technological efficiency indicators for resource supplying organisations.

The Senior Vice-President of Sberbank noted that as institutions that mainly provide debt (loan) financing, banks must develop special financing instruments for the projects in question, based on the creation of a return flow to the 'host company'.

"Sberbank of Russia continues to adapt its credit instruments to finance projects seeking to increase energy efficiency and enhance energy saving," stated Anton Karamzin.

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Sberbank of Russia
Alexander Baziyan
Public Relations
Tel. +7(495) 957 5721
media@sberbank.ru

Sberbank of Russia is Russia's largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, 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 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with more than 17,000 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. The official website is www.sberbank.ru.

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