Subsidiary Bank Sberbank of Russia finances private daycare network in North Kazakhstan region

/KASE, July 10, 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 has allocated KZT 250 million for purchase of real estate and reconstruction of one of the buildings of Ashyk Aspan kindergarten network. In addition, the kindergarten network received state support in the form of subsidies from DAMU Fund. "The essentials of education of each person are laid in early childhood, therefore support of such business initiatives has a priority value for us. Taking into account the unique business model of our new partner, Ashyk Aspan kindergarten network, it is safe to say that the future of children is in safe hands", Yeldar Tenizbayev, Deputy Chairman of the Management Board of SB Sberbank JSC for Corporate Business, notes. Today, more than 600 children at the ages from 3 to 6 years are trained in Ashyk Aspan kindergarten network. Financing by Sberbank will allow covering a greater number of children of preschool education in the North Kazakhstan region. "Upbrining of future generation is a strategic direction for any state. Our children are our future, that is why we try to instill in pupils love of the country, labor, respect for traditions, sports and art from the very early age. With the support of Sberbank and DAMU Fund it is planned to open another kindergarten and reconstruct the building of the former kindergarten Raduga. Thanks to this transaction, 200 more children in Petropavlovsk will be able to get quality preschool education", Nina Matskevich, Director of Ashyk Aspan kindergarten network, says. For additional comments, you can always contact: Yevgeny Kruglik +7 (727) 266 35 68 (ext. 501237) e-mail: yevgeniy.kruglik@sberbank.kz unquote [2017-07-10]