On October 16, 2008, Chairman of Board of SB Sberbank (Kazakhstan) reported bank performance results for 9 months of 2008 and future plans

/KASE, October 16, 08/ - Subsidiary Bank Joint Stock Company Sberbank of Russia (SB Sberbank, Almaty), bonds of which are traded in Kazakhstan Stock Exchange (KASE) official list of the first subcategory of category "Debt Securities without the Rating", provided to KASE the press release of the following content: Quotation start On October 16, 2008, at SB Sberbank was held the meeting of Chairman of SB Sberbank Board Oleg Smirnov with the mass media representatives. The reason for the meeting was the bank performance results for 9 months of 2008 and future plans. During the presentation of bank performance results for the past period Oleg Smirnov emphasized that Sberbank of Russian in Kazakhstan is steadily finishing 2008 fiscal year. Thus, active SB Sberbank work in the area of crediting of legal entities in priority economy sectors of the Republic of Kazakhstan and placement of credit resources at the expense of crediting of stable and financially sustainable enterprises, as of October 1, 2008, resulted in the increase of the loan portfolio for legal entities by KZT7.43 bn., having reached the level of KZT46.04 bn. as of October 1, 2008. the bank continues crediting of companies belonging to the segment of small and media businesses through internal market borrowings. The residuals of borrowed by SB Sberbank resources in corporate clients on October 1, 2008 exceeded KZT30 bn. and made up KZT31.65 bn. The residuals of resources borrowed in corporate clients from the beginning of this year increased by KZT22.08 bn., including average daily residuals on current and settlement accounts made up KZT1.7 bn., the growth of deposits of legal entities made up KZT20.38 bn. Such significant increase of the bank indicators on borrowings in corporate clients became possible due to implementation of competitive terms and approaches towards provision of services to its clients. Together with the growth of small and media businesses representatives, the Bank started providing services to largest enterprises: national companies; representatives of large holdings in various economy sectors of the republic - raw materials (exploration and production of natural resources, transportation of oil and gas), energy (generation, transport and selling of the electricity power), industry (metallurgic, chemical production), re-tail (domestic and foreign trading networks), construction, etc. "With development of the Bank's corporate sector we are developing the re-tail sector of the Bank, - said Chairman of SB Sberbank Board Oleg Smirnov. In October 2007, SB Sberbank launched "BLITS" money transfers between the Russian Federation and the Republic of Kazakhstan, based on application of modern banking technologies and high speed communication channels. O. Smirnov: "If we started with the volume of payment of KZT150 m. a month and 20-30 transfers a day, then nowadays monthly we have more than 5000 transactions a month to the amount over KZT655 m." Together with this the Bank continues improvement of services and products, and plans to increase the number of points to accept and issue payments for physical persons. We also improve deposits and loan lines of the bank - from July we introduced two new deposit products - "Specific of Sberbank of Russia" and "Accumulative of Sberbank of Russia". New deposits can be kept in 4 currencies: KZT, USD, euro and ruble. The Bank's credit line was supplemented by three new credit programs "Housing", "Car", "Necessities". Employees of companies- bank partners, permanent clients we propose to use credit programs: "Trust"; "Corporate"; "Credit against third persons guarantee". Speaking about nearest plans of SB Sberbank Oleg Smirnov emphasized that in the nearest months the bank will open two new bank affiliates in Kostanai and Ust-Kamenogorsk, in 2009 the bank plans to open 4 more affiliates - Petropavlovsk, Taraz, Shymkent, Kzyl-Orda and will cover the entire Kazakhstan along its border. The bank will continue improvement and extension of services for corporate sector and re-tail. Oleg Smirnov "Once again I would like to emphasize that SB Sberbank is the resident of Kazakhstan and contributes into development of the economy of Kazakhstan. Russia made significant investments into its subsidiary in Kazakhstan, developing our domestic market, providing loans to real economy sectors. Our countries are interested in the long-term economic relations. We do not have external borrowings and are sustainable as well as continue development of the financial sector of Kazakhstan" SB Sberbank Press Service Almaty: (727) 2500032, ext.119, fax: (727) 2500063 e-mail: tatyana.shevchenko@sberbank.kz www.sberbank.kz Quotation end [2008-10-16]