Subsidiary Bank Sberbank of Russia announces increase in assets based on 2014 H1 results

/KASE, August 29, 14/ – Subsidiary Bank "Sberbank of Russia" JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the following press-release of August 29, 2014: quote According to IFRS statements as of the first half of 2014 the assets of BS "Sberbank" JSC reached 1 trillion 346 billion tenge. - The liabilities of the bank increased by 33% and amounted to 1 trillion 218.5 billion tenge - The equity capital increased by 8.8% and amounted to 127.6 billion tenge - The deposits of legal entities increased by 27.4% and amounted to 649.1 billion tenge, - The deposits of natural persons increased by 33.3% and amounted to 298.8 billion tenge. Thus, in the first half of 2014 BS "Sberbank" JSC received a net profit of 9.6 billion tenge. "According to the results of the first half we were able to achieve growth in all key performance indicators. We actively developed retail and corporate segments, and today we are in third place on borrowings in the corporate sector among the Kazakh banks and in the fifth one – on the volume of deposits in retail. In this case, the Sberbank has one of the highest credit ratings among STB", - said the Chairman of the Management Board of BS "Sberbank" JSC Alexander Kamalov According to the data of State financial supervision on August 01, 2014, the BS "Sberbank" JSC ranks No. 4 on the volume of assets among the 38 banks of the republic. unquote [2014-08-29]