01 March 2011, Tuesday, 16:43

Bashkortostan and Russian Savings Bank signed cooperation agreement

author: Rasul Hamidullin

On Tuesday, March 1, 2011, The President of Bashkortostan Rustem Khamitov and the President of the Russian Savings Bank German Gref signed a cooperation agreement. As the President RB says, the development of the relations with the Savings Bank is strategically important.

“This bank serves the major part of our population and the cooperation between the Government RB and the bank has to affect the prosperity of our citizens favorably” – the President RB said – “Practically the whole economics RB will be involved in this business, in particular, I mean housing problems, hypothec crediting, development of small and medium business and agriculture”.

“We aren’t restricted in the resources and ready to finance as many projects as the leadership of the Republic really needs” – German Gref stated – “I’ve already visited one of your enterprises in Ufa and hope we’ll be able to start several joint projects. We would also like to promote the work with the universal e-card in Bashkiria. I know this card already exists here but we offer slightly different technology. The situation with housing demands special approach. The region nurtures the ambitious plans on steady increase of house-building in the nearest future but the average salaries are too low. At the same time we have the programs, offering quite acceptable hypothec interest rates”.

The President of the Russian Saving Bank says he pins his hopes on long-term and efficient cooperation in different directions on Bashkortostan.

“The economic situation in Bashkiria is rather good as compared with some other Russian regions. The Republic possesses great potential and you already have something what other regions fail to make a reality in the course of many years” – German Gref stated – “The leadership RB can be certain the Russian Savings Bank will be a solid financial support for the Republic”.