24 Jun 2014 19:29

Sberbank, Rostec sign cooperation agreement

MOSCOW. June 24 (Interfax) - Russia's Sberbank and Rostec, the former state Russian technologies corporation, have signed a cooperation agreement, according to a joint press release of the two organizations.

One of the main focuses of Sberbank's and Rostec's cooperation will be the bank's development and application of unified approaches in servicing the corporation and its affiliated enterprises. In addition, Sberbank will take part in the formation of Rostec's unified corporate treasury, including carrying out a project to implement an automated system for the treasury. Sberbank will work with enterprises that are part of Rostec on technology for a single channel of electronic payment documents.