Subsidiary Bank Sberbank of Russia lowers interest rates on SME loans

/KASE, August 15, 2016/ – Subsidiary Bank Sberbank of Russia (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated August 15, 2016: quote Sberbank announces lowering interest rates on SME loans. Now, entrepreneurs may apply for a business development loan at 14% per annum in tenge. The interest rate is subject to subsidization provided the project complies with the state programs terms. "Supporting small businesses is one the bank's strategic priorities. We understand the importance of this business segment development for the national economy and strive to provide our customers with the most favorable lending conditions, while actively participating in the state business support programs", – said Eldar Tenizbayev, the Deputy Chairman of the Management Board of SB Sberbank. unquote [2016-08-15]