Subsidiary Bank Sberbank of Russia provides trade finance loan to Kainar-AKB under goods supply contract with Russian Federation

/KASE, May 16, 2017/ – Subsidiary Bank Sberbank of Russia (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote Sberbank provided a trade finance loan to the Kazakh battery maker Kainar-AKB under an export contract for supply of products to the Russian Federation. "Kainar-AKB is our long-standing reliable partner who actively develops its business. Only last year the company's export rose more than twice – says Eldar Tenizbaev, Deputy Chairman of Sberbank's Management Board. – We were glad to suggest our client a new cooperation scheme – trade financing of an export contract. The transaction is attractive for all participants, and the exporter reassigning the payment risks to the bank extends the marketing geography. Sberbank intends to continue promoting products Made in Kazakhstan". SB Sberbank took over payment risks of revenues receipt by the client, confirming the LC issued by one of Russia's bank, in favor of the exporter. In doing so, these risks were reduced thanks to the insurance from Export insurance company "KazakhExport" (subsidiary of NMH Baiterek). Also, as part of cooperation between the bank and export insurance company an agreement was concluded allowing provision of preferred financing to foreign buyers of the export products under documentary LCs. Kainar-AKB is a battery maker operating modern equipment according to international standards. Main markets for the company are CIS countries and foreign markets: Russia, Uzbekistan, Kyrgyzstan, Azerbaijan, Tajikistan, Belarus, China, UAE and Kazakhstan. Capacity – 3 million batteries a year. Export insurance company "KazakhExport" is the sole specialized insurance company performing the role of an export-credit agency. SB Sberbank is part of inrternatuional group Sberbank. The bank has been successfully operating in Kazakhstan's financial market and occupies the fourth place in terms of assets among all second-tier banks in Kazakhstan. Today, SB Sberbank has a network of 81 structural units, of which 16 are branches. The bank's HQ is in Almaty. unquote [2017-05-16]