Subsidiary Bank Sberbank of Russia and DAMU Entrepreneurship Development Fund agreed on loan for productive employment and mass entrepreneurship program

10.08.17 12:12
/KASE, August 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 and DAMU signed an agreement on a loan worth more than KZT2 bn to be used by the bank for the SME lending at 6% per annum under the Productive Employment and Mass Entrepreneurship Program. This new state program is to turn Kazakhstanis to entrepreneurship and increase the incomes of those self-employed and unemployed. unquote Full version of the press release is available on KASE website at – http://www.kase.kz/files/emitters/SBER/sber_reliz_100817.pdf [2017-08-10]