Sberbank Srbija and Telekom Srbija signed a memorandum of cooperation

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On the occasion of the visit of the President of the Russian Federation, Mr. Vladimir Putin, Sberbank Serbia and Telekom Srbija signed a memorandum of cooperation. This memorandum was initiated by a closed contract concluded between these two companies in December 2018. Namely, Sberbank Serbia is one of the banks that participated in the crediting of Telekom. Sberbank Group participated in this loan with 77 million euros, of which Sberbank Serbia participated with 25 million euros.

This credit investment is part of the wider “Milion +” campaign, conducted by Telekom Srbija in order to reach over million users of its multimedia services and the Internet.

“Sberbank Serbia, as part of its business, strives to be recognized as a bank that supports projects that are of strategic importance for the citizens of Serbia. Part of our business strategy is to finance the growth of powerful, regional companies like Telekom. We are extremely proud that we have the opportunity to formalize our cooperation in this way and to support Telekom in achieving our goal “- said Marijana Vasilescu, President of the Executive Board of Sberbank Serbia at the signing of the memorandum.

“Starting from the excellent cooperation between Sberbank Serbia and Telekom Srbija Group in the last few years, our two companies have signed the Memorandum of Understanding to increase their cooperation to an even higher level. The memorandum stipulates that through the exchange of information, the identification of investment projects and opportunities and the organization of expert meetings, Sberbank and Telekom Srbija will achieve the goal of improving investments with the ultimate intentions of realizing business interests for both companies, as well as the economies of Russia and Serbia as a whole. In Telekom Srbija we are very much looking forward to deepening and expanding our cooperation so far “- said Predrag Ćulibrk, General Manager of Telekom Srbija on the occasion of signing the memorandum.

Sberbank Serbia is a unique partner in building bridges between companies in Serbia, Russia and the Commonwealth of Independent States with a comprehensive portfolio of banking services.

Telekom Srbija is the leading provider of telecommunication services in Southeast Europe, with branches in Serbia, Bosnia and Herzegovina and Montenegro. The company is an undisputed leader in the telecommunications market in Serbia with 1.05 billion euros of consolidated revenue and 125 million euros of net profit. At the level of the whole group, Telekom Srbija serves around 10 million users of various services (mobile, fixed, internet and multimedia). The Republic of Serbia owns 58% of the company’s share, 20% own shares, while about 15% belongs to Serbian citizens, and 7% to employees and former employees.

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