Subsidiary Bank Sberbank of Russia assigned status of market-maker for Chinese yuan

/KASE, September 25, 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 September 25, 2014: quote September 25, 2014, a ceremonial opening of stock trading took place at KASE by currency couple of Chinese Yuan and Kazakhstan Tenge. SB "Sberbank" JSC was assigned the status of market maker in Chinese Yuan by Resolution of Kazakhstan Stock Exchange Board. This testifies to great deal of a confidence and recognition of the Bank as one of the leaders of Kazakhstan Currency Market. Trading with the new financial instrument at KASE introduces opportunity to provide market participants with Yuan liquidity, to transact exchange holdings diversification and currency risks hedging as well as to reduce conversion expenses due to excluding intermediary currencies. "Trading Chinese Yuan is a new direction for further development of currency market of Kazakhstan Stock Exchange. It will produce an impact on forming a steady rate of Yuan to Tenge which in its turn is very important for further extension of relationship, increasing sales turnover as well as using national currencies for trade operations between Kazakhstan and China. Taking into account the dynamic development of international settlements at application of Chinese Yuan, it does have a great perspective" noted Aleksandr Kamalov, the CEO of SB "Sberbank" JSC. At present, SB "Sberbank" JSC is the only Market Maker at KASE in Russian Ruble, and it is one of the active Market Makers in USD. Sberbank also performs for its clients non-cash forex transactions with Chinese currency and conducts exchange transactions with cash Yuan. Moreover, Sberbank cash machines and payment terminals provide services in Chinese. Market Maker is a stock member acknowledged as such by the Stock and which committed it to continuously announce and to support quotations for purchase and sale of financial instruments of a certain type as well as to fulfill all of its commitments resulting from possessing such a status Should you need any additional comments, you can always address Press Service: SB "Sberbank" JSC Yekaterina Kupreeva +7 (727) 266 35 68 (internal 502499) e-mail:: yekaterina.kupreeva@sberbank.kz unquote [2014-09-25]