Subsidiary Bank JSC "Sberbank of Russia" provides KZT6.1 bn facility to KazFoodProducts

/KASE, July 1, 14/ – Subsidiary Bank JSC "Sberbank of Russia" (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of July 1, 2014: quote Subsidiary Bank JSC "Sberbank of Russia" opened a loan facility to the amount of KZT6.1 bn for KazFoodProducts group of companies, which is one of the leaders in confectionery, flour, starch and molasses production in Kazakhstan The funds will be directed to modernization of equipment and replenishment of working capital of Bayan Sulu and AsiaAgroFood, parts of KazFoodProducts. This is one of the largest investments of Sberbank in Kazakhstan's food industry. "Development of the food industry is a major objective for Kazakhstan and Sberbank is always ready to support interesting, promising projects. I am sure, that modern technologies and production standards implemented on local enterprises will lead our producers to a whole new level",- said CEO of Sberbank Alexandr Kamalov. "We appreciate our relations with Sberbank and thank them for their trust", – said General director of KazFoodProducts Alikhan Talgatbek. For additional info: SB JSC Sberbank Ekaterina Kupreeva +7 (727) 266 35 68 (ext. 502499) e-mail: yekaterina.kupreeva@sberbank.kz unquote [2014-07-01]