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Sberbank financed timber holding RFP Group for ten million dollars - EastRussia | Far East

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Sberbank financed timber holding RFP Group for ten million dollars

Far Eastern Bank of Sberbank issued the largest timber holding company of the Far East - RFP Group - a loan in Japanese yen. The transaction amount is equivalent to ten million US dollars. In the Khabarovsk Territory, where the enterprise is located, this year this contract was concluded for the first time.

According to Sergei Yurchenko, the head of the head office for the Khabarovsk Territory of PJSC Sberbank, the bank seeks to own the situation in the regional market, so it has operative information about the needs of clients. Well-coordinated work and professional industry expertise of Sberbank specialists helped to formalize credit relations on attractive terms. As the press service of the bank informs, the Japanese yen was chosen as the financing currency. This allowed to reduce the cost of credit for the client.

RFP Group is the largest timber industry holding in Siberia and the Far East of Russia. It was created in 2004 year as a result of the merger of a number of leading logging enterprises of the Far Eastern Federal District and the shipping transport company. The holding includes JSC "Amur Shipping Company" and LLC "Trading House RFP".

The group manages the forest business complex from logging and woodworking to the sale and delivery of timber to the APR countries. The holding ranks second in Russia in terms of leased logging stock and is leading in Siberia and the Far East for the sale of timber to the countries of Northeast Asia.