Subsidiary Bank Sberbank of Russia announces funding industrial innovative projects worth KZT15.7 bn in Kazakhstan

31.07.14 12:39
/KASE, July 31, 14/ – Subsidiary Bank Sberbank of Russia (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of July 31, 2014: quote The funds in amount of 11 billion tenge have been granted by the Kazakhstan Development Bank (KDB) within the framework of the inter-bank lending program; and those in amount of 4.7 billion tenge are the internal funds of the "Sberbank". There have been funded the projects in such sectors as the machinery-producing industry, metallurgy, chemical industry, petrochemical industry, food industry, - to the total amount of 15.7 billion tenge. ‘We are grateful to the Kazakhstan Development Bank for its confidence in us. We have managed to get assimilated the funds devoted by the KDB, - before the scheduled date. The "Sberbank" is interested in the stable development of the country's economy, and is always ready to render support to the national manufacturers. These funds have already been directed for the working capital financing of the enterprises, as well as for the creation of the new manufacturing lines and for the expanding of the manufacturing lines presently-being in service', noticed Mr. Aleksandr Kamalov, the Chairman of the Management Board of the "Sberbank" in Kazakhstan. ‘The inter-bank lending program set-up by the Development Bank upon an initiative of the "Baiterek" National Management Holding at the end of the year 2013, - is presently bringing the first results: there have been opened the new manufacturing lines, and created the new jobs. And we intend to extend the cooperation with the commercial banks in this regard. We are glad to see that the "Sberbank" is among our partners, and actively supports the KDB in terms of the development of the corporate financing in Kazakhstan', emphasized Mr. Askar Dostiyarov, the acting in lieu of the Chairman of the KDB's Management Board. For more details, You may always contact the Press Offices: SB "Sberbank" JSC: Yekaterina Kupreeva, +7 (727) 266 35 68 (interphone 502499) tel.:+7 702 18 16 127 e-mail: yekaterina.kupreeva@sberbank.kz "Kazakhstan Development Bank" JSC Dinara Joldaspayeva +7 71 72 79 26 08 (вн. 7432) Mobile phone:+7 701 49 85 314 e-mail: DinaraJ@kdb.kz unquote [2014-07-31]