DGAP-News: Sberbank: Sberbank of Russia, Saba Software Inc. (USA) sign agreement of intent

DGAP-News: Sberbank: Sberbank of Russia, Saba Software Inc. (USA) sign agreement of intent

ID: 159146

(firmenpresse) - EquityStory.RS, LLC-News: Sberbank / Key word(s): Miscellaneous
Sberbank: Sberbank of Russia, Saba Software Inc. (USA) sign agreement
of intent

22.06.2012 / 15:40

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Sberbank of Russia, Saba Software Inc. (USA) sign agreement of intent

St. Petersburg, 21 June 2012 - Sberbank of Russia and Saba Software Inc.
(USA) have signed an agreement of intent for Russia to access the world's
leading corporate e-learning platform. The two companies have also agreed
to jointly introduce advanced learning solutions in Sberbank of Russia's
Corporate University. Sberbank plans to engage Russian and foreign
developers in the creation of training courses, programs and tests as part
of its collaboration with Saba Software Inc.

It is planned that not only Sberbank associates, but also customers will
gain access to Saba Software learning platform and programs. The
participants in the small business initiative 'Business Environment' will
be the first ones to enjoy modern training solutions. The parties will also
consider setting up a joint venture in Russia to provide educational
services with the use of high technologies to all Russians.

'We are pleased to offer Russian business access to the most advanced
educational platform in the world,' Sberbank of Russia Deputy CEO Andrei
Donskikh said during the signing ceremony. 'I am certain that it will help
Russian entrepreneurs improve the competitiveness and efficiency of their
business.'

'We hope that the School of Entrepreneurs of the 'Business Environment'
project will have about 50,000 students as early as the end of 2012,' said
Andrei Leushev, general director of ZAO Business Environment.

Saba Software Inc. is the world's leading provider of business e-learning
solutions. The company has an estimated 2,100 corporate customers and more




than 31 million 'students.' Until now, the company has not been represented
in Russia.

'Business Environment' is a unique online platform designed to facilitate
the development of small business in Russia. 'Business Environment' will
enable an entrepreneur to explore business partners, conclude transactions
and make use of a broad range of banking services. 'Business Environment'
will feature the distant School of Entrepreneurs based on Saba Software
solutions.

# # #

Sberbank of Russia
Alexander Baziyan
Public Relations Department
tel. +7(495) 957 5721
media(at)sberbank.ru

OJSC Sberbank of Russia is the largest bank in Russia, accounting for about
27% of the aggregate Russian banking assets and employing about 240,000
people. Founder and major shareholder of the OJSC Sberbank of Russia is the
Bank of Russia holding over 57.6% of the voting shares. The bank's other
shareholders comprise more than 245,000 legal entities and individuals. The
bank has the largest countrywide branch network with 17 regional head
offices and more than 19,000 outlets as well as subsidiary banks in
Kazakhstan, Ukraine and Belarus, a branch in India, and representative
offices in Germany and China. After purchase of Volksbank International in
2012 Sberbank has offices in 9 countries of Central and Eastern Europe.

The bank holds the general banking license No.1481 issued by the Bank of
Russia.

The official site is www.sberbank.ru


End of Corporate News

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22.06.2012 Dissemination of aCorporate News, transmitted by
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Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russia
Phone: +7-495-957-57-21
E-mail: media(at)sberbank.ru
Internet: www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557
Listed: Foreign Exchange(s) MICEX, RTS


End of News EquityStory.RS, LLC News-Service
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175159 22.06.2012


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Bereitgestellt von Benutzer: EquityStory
Datum: 22.06.2012 - 15:40 Uhr
Sprache: Deutsch
News-ID 159146
Anzahl Zeichen: 5104

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