We have created a special platform that is designed specifically to provide information and to help Russian banks better understand the cost structure in Africa, so that Russian banks can properly assess their own resources and powers for investing in the African continent — Amr Kamel, Executive Vice President for Business Development and Corporate Banking, African Export–Import Bank (Afreximbank).
We seek and strive to establish long-term partnerships with reliable and proven partners who have expertise on the African continent and who, on the one hand, we can share our expertise our capabilities and resources with, as well as use the resources of these local partners in cooperation with them. <...> We place great hopes on our cooperation with Afreximbank. <...> The platform we are talking about today is a kind of public-private partnership because it involves government-owned financial institutions that are state corporations, stock and private companies — Daniil Algulyan, Deputy Chairman, State Development Corporation VEB.RF.
Sberbank is ready and will follow its clients to the African continent. <...> In this case, risks are distributed in part to the client, in part to our African partners and are closed by Afreximbank, as well as a number of other financial institutions. But for us, as a Russian institution, it is very important that we have EXIAR. We take risks of the African continent much more easily under the coverage of EXIAR — Alexander Vedyakhin, First Deputy Chairman of the Executive Board, Sberbank.
One of the possibilities for the bank's participation in financing is to use the infrastructure of local banks. <...> We are ready to take some part in the financial instruments provided to local companies by local banks and participate in them financially. <...> This is how, we share the risks, we use the expertise of local banks and their experience in cooperating with local companies — Alexander Krasnoselskiy, Member of the Executive Management Board, Chief Business Officer, Gazprombank Switzerland.