Subsidiary Bank Sberbank of Russia announces funding construction of factory section for assemblage of large-size and extra-heavy machinery by AtyrauNefteMash to the amount of KZT5.8 bn

/KASE, December 22, 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: quote SB Sberbank JSC is financing construction of shop floor on assembly of large-sized and extra-heavy equipment of AtyrauNefteMash LLP for the amount of 5,8 billion tenge. Besides, the bank makes investments in acquisition of equipment and special machines. SB Sberbank JSC is financing construction of shop floor on assembly of large-sized and extra-heavy equipment of AtyrauNefteMash LLP for the amount of 5,8 billion tenge. Besides, the bank makes investments in acquisition of equipment and special machines. After reaching projected capacity, shop floor can process up to thousand tons of metal per month. Thus, the power of operating plant will be increased by 10 times. "AtyrauNefteMash is one of the leading companies on service of oil and gas sector. We are glad that we make a contribution to its development. I am sure that sale of similar projects will be another confirmation of readiness of Sberbank to support large-scale undertakings of own customers," Chairman of the Management Board of SB Sberbank JSC Alexander Kamalov said. The main production of new shop floor will be equipment for petrochemistry and oil processing, technological modules, heat-exchanging installations, dividing columns, reactors for cracking of oil and other large-sized products with a maximum weight of up to 1500 tons. "Sberbank's support is important for us, especially in such projects as expansion of capacities of enterprise. It is pleasant to us to implement this project with the largest bank in the territory of the Customs union and we are grateful to it for support, CEO of AtyrauNefteMash LLP Alexander Donskov shared. Construction of shop floor of large-sized products of AtyrauNefteMash LLP will considerably allow to increase a share of Kazakhstan participation in oil and gas sector. You can always contact the press service of Bank for additional comments: SB Sberbank JSC Yekaterina Kupreyeva +7 (727) 266 35 68 (вн. 502499) mobile:+7 702 18 16 127 e-mail: yekaterina.kupreeva@sberbank.kz unquote [2014-12-22]