Sberbank launches physical commodities trading company in Switzerland

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Sber Trading Swiss AG will focus on the trading of physical commodities in petroleum and petroleum products, coal, base metals, bulk and agriculture.

Development of the financial passport in all sectors

Sberbank Rossii PAO (MCX: SBER) today announcement the opening of its trading company in Zug, Switzerland, thereby strengthening its presence in the commodities markets.

The new entity – Sber Trading Swiss AG, is on the way to become the main hub of international trading of physical commodities of Sberbank. Sber Trading Swiss AG will focus on the international trading of physical commodities in petroleum and petroleum products, coal, base metals, bulk commodities and agricultural products.

The opening of the Zug office is a key addition to the existing physical infrastructure for trading precious metals commodities (PAO Sberbank) and the local physical trading house (OOO SB Commodities Trading).

The company’s strategy is to build on the existing customer relationship between Sberbank and producers and consumers of raw materials in Russia and the CIS. This will allow the Sberbank group to increase and diversify its presence in the physical commodity markets.

Sber Trading Swiss AG’s offer to its clients includes:

  • International purchase and sale of physical products, including storage, transport and distribution;
  • International financing of raw materials via prepayment and deferred payment structures;
  • Monetization of reserves (Commodity REPO) for petroleum and crude petroleum products, base metals, bulk and agricultural products.

Denis Lunin has been appointed CEO of the company. Previously, Mr. Lunin was responsible for the business development of physical commodities and fixed income securities at a number of Russian and international banks.

Anatoly Popov, deputy chairman of the board of directors of Sberbank, said:

“By opening our own international trading company, we have moved to a new level in physical commodity trading. We expect Sber Trading Swiss AG to strengthen our position as one of the largest providers of solutions for our clients in international and local commodity trading, structural finance and strategic hedging. The company will focus on the international trade of petroleum and petroleum products, coal, base metals, bulk products and agricultural products. We plan to work mainly with customers, producers and consumers of raw materials of Sberbank in Russia and the CIS countries, and we expect that the first transactions will be completed in the third quarter of this year ”.


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