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Sberbank of Russia and EXIAR hold seminar on state insurance support for exports

The Russian Agency for Export Credit and Investment Insurance (EXIAR) and the Volga branch of Sberbank of Russia held a seminar in Samara today on state insurance support for exporters. The event took place with the support of the Samara Region Centre of Entrepreneurship, a foundation for local businesses.

The event opened with speeches by Oleg Mayorov, Deputy Minister of Economic Development, Investment and Trade of Samara Region; Konstantin Aksyonov, Head of Customer Relations at EXIAR; and Sergei Tyutin, Deputy Chairman of the Volga Branch of Sberbank of Russia.

Konstantin Aksyonov also gave a presentation outlining Agency's services together with Boris Igoshin, Deputy Head of the Department of Export Support for SMEs at EXIAR.

Aksyonov covered the Agency's main insurance services, the principles governing the organisation's work with different categories of clients, and EXIAR's plans for the following year. He also drew attention to EXIAR's contribution to creating and implementing a modern export support system in Russia, secured by the Agency's insurance coverage.

In turn, Igoshin introduced attendees to the services offered by EXIAR especially for SMEs.

The event also included a presentation by a representative of Sberbank, bringing to light several relevant currency legislation issues.

More than 50 exporting companies (including SMEs) participated in the conference, and over 200 regional participants were able to follow the seminar live online.

The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in 2011 as an open joint-stock company. EXIAR’s mission is to support Russian high-tech exports by insuring export credits against commercial and political risks, as well as Russian investments abroad against political risks. Vnesheconombank is the sole shareholder of EXIAR. The agency's charter capital is RUB 30 billion.

The Volga branch is one of 17 regional banks under the umbrella of Sberbank of Russia, and covers the Astrakhan, Volgograd, Orenburg, Penza, Samara, Saratov and Ulyanovsk regions. The Volga branch's affiliated network is represented by seven main regional offices of Sberbank of Russia (operating at a local level), and 2,185 business units. Sberbank of Russia is the country's largest bank, and one of the world's leading financial institutions. It accounts for approximately one third of the entire Russian banking sector's assets, and is a key creditor for the national economy. It is the market leader in terms of deposits. The Central Bank of the Russian Federation is the founder and main shareholder of Sberbank of Russia, owning 50% of its charter capital plus one voting share. The other 50% is owned by Russian and international investors.

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