Subsidiary Bank Sberbank of Russia and Kazyna Capital Management sign cooperation agreement

15.07.19 16:46
/KASE, July 15, 2019/ – Subsidiary Bank Sberbank of Russia (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of July 15, 2019: quote A unique project funded under the new program of concessional equity financing by Kazyna Capital Management JSC and Sberbank Kazakhstan has become a medical and health resort in the city of Boralday, Almaty region, in the amount of KZT 200 million. On 14 May 2019 Sberbank Kazakhstan and Kazyna Capital Management JSC signed a cooperation agreement that provides for the development of a strategic partnership in the framework of the joint Program for concessional equity financing of small and medium-sized enterprises. The first project that received a guarantee from Sberbank Kazakhstan was Boralday Mineral Water LLP which is located in the village of Boralday in Almaty region. The main activity of the complex is the provision of an extensive list of health services for the population. Due to the equity financing Burunday Mineral Water LLP will significantly increase the potential and quality of services, fixed assets will be used to develop and expand the complex. Already today, the recreation center attracts the attention of guests from neighbouring countries and beyond thanks to its unique concept of rest and recreation, and the possibility of treatment in thermal baths throughout the year. unquote Detailed information is available on KASE website at: - http://kase.kz/files/emitters/SBER/sber_reliz_150719_kz.pdf – in Kazakh; - http://kase.kz/files/emitters/SBER/sber_reliz_150719.pdf – in Russian; - http://kase.kz/files/emitters/SBER/sber_reliz_150719_en.pdf – in English. [2019-07-15]