Subsidiary Bank Sberbank of Russia completes disbursement of funds obtained under regional top-priority projects financing program "Damu regions III"

/KASE, October 16, 14/ – Subsidiary Bank "Sberbank of Russia" JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of October 16, 2014: quote Bank has completed disbursement in amount of 9.1 billion KZT received from the Damu Entrepreneurship Fund in frames of regional finance priority projects "Damu Regions III" for the purpose of financing of small and medium-sized business projects. Under this program Sberbank has concluded agreements to open a credit line for 86 projects of small and medium-sized business in industries such as manufacturing, transport, trade and agriculture. Entrepreneurs have possibility to get a loan at a maximum rate of 14% per annum for up to 7 years for working capital, production and upgrades of fixed assets. "If before the drivers for small and medium-sized business were Astana and Almaty, today we can say that thanks to Damu programs the entrepreneurship is actively developed in all regions of Kazakhstan. With the state support new manufactures and job positions are created, and businessmen can take more bold and ambitious decisions. And we are pleased that financing such projects we make our contributions to economic development of the country", - said the Chairman of the Management Board of SB JSC "Subsidiary Bank Sberbank of Russia" Alexander Kamalov. For additional comments please contact the press service: SB JSC "Subsidiary Bank Sberbank of Russia" Ekaterina Kupreeva +7 (727) 266 35 68 (ext. 502499) mobile:+7 702 18 16 127 e-mail: yekaterina.kupreeva@sberbank.kz JSC DAMU Enterpreneurship Fond Julia Hobot, Almaz Zhumagulov +7 (727) 244-55-66, ext. 1022, 1008 mobile:+7 701 213 0914 e-mail: yuliya.khobot@fund.kz unquote [2014-10-16]