Sberbank obtains guarantees from Damu Entrepreneurship Development Fund for KZT4.1 bn

/KASE, September 2, 15/ – Subsidiary Bank Sberbank of Russia JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE) has by an official letter informed KASE of the following: quote Today, Sberbank takes the first place among the Kazakhstan banks on subsidizing and volume of guarantees of Damu EDF issued within the “Business Road Map 2020” business support and development uniform program for the total amount of 4,1 billion tenge. It is 17,7% of the total amount of guarantees of Damu fund issued to the Kazakhstan banks. In total, Sberbank has obtained 235 guarantees, more than on two hundred Kazakhstan enterprises working in the following fields: manufacturing industry, transport and warehousing, services of accommodation and food, fishery, agricultural and forest sector. "To grow and develop together with national economy is one of the principles of success of any business. Support of Kazakhstan entrepreneurs is included into the list of the priority areas of Sberbank’s activity. Financing through state programs gives to businessmen a great opportunity to increase production capacities and be competitive. We are ready to further participate in the programs stimulating a business development in Kazakhstan", the Chairman of the Management Board of SB Sberbank JSC, Alexander Kamalov noted. The Bank has been participating in the “Business Road Map 2020 " program since 2010. According to this program, 666 projects were approved for the total amount of 170,9 billion tenge, volume of the received subsidies amounted to 19 billion tenge. Please do not hesitate to contact the press service for additional comments: SB JSC Sberbank Yekaterina Kupreyeva +7 (727) 266 35 68 (ext. 502499) e-mail: yekaterina.kupreeva@sberbank.kz unquote [2015-09-02]