Rosseti and JSB Rossiya have concluded a cooperation agreement

Rosseti and JSB Rossiya have concluded a cooperation agreement

PJSC Rosseti and Joint-Stock Bank Rossiya have agreed on strategic cooperation. The agreement was signed by Andrey Ryumin, Director General of PJSC Rosseti, and Mikhail Klishin, Chairman of the Management Board of Joint-Stock Bank Rossiya in the framework of the St. Petersburg International Economic Forum.

The parties agreed on cooperation in the field of banking services, financing of current operations and prospective investment projects, the use of capital market instruments, introduction of advanced services, and modern digital solutions.

In the framework of this partnership, the bank is willing to provide consulting services and offer retail products for the employees of Rosseti Group's companies, including mortgage and automobile lending. The bank is also expected to participate in Rosseti's projects by applying new digital technologies.

Bank Rossiya has a vast experience of interaction with holding companies, understands the specifics of their operations, and is willing to provide effective financial products. The agreements reached today are aimed at the development of our long-term and mutually beneficial cooperation," Andrey Ryumin said.

"This agreement is an important step towards the development of the partnership between Bank Rossiya and PJSC Rosseti. We have all the necessary resources to provide comprehensive banking services to the largest electric grid company, which includes 35 enterprises, – Mikhail Klishin says. – The Bank is willing to support the company in the implementation of its new large-scale projects. I am positive that our cooperation will be efficient."

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