Subsidiary Bank Sberbank of Russia (Kazakhstan) signs co-operation memorandum with Akim of West Kazakhstan region

/KASE, March 29, 12/ - Subsidiary Bank Sberbank of Russia (Kazakhstan) (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of March 29, 2012: quote On the day of celebration of its Oral branch's 10th anniversary, Subsidiary Bank JSC "Sberbank" and Akim of West Kazakhstan signed a memorandum on co-operation providing for development of strategic partnership as part of implementation of the region's social and economic programs The memorandum signed by the CEO of Sberbank Oleg Smirnov and Akim of West Kazakhstan Nurlan Nogaev, stipulates implementation of joint measures by using a broad range of Sberbank's capabilities. In particular, according to the document, the parties are supposed to begin with implementation of joint projects involving financing of enterprises in manufacturing, mining and other industries of West Kazakhstan and carrying out innovation projects aimed at increasing Kazakhstan-made content in the regional output. - It's symbolical that the signing of such important document as Co-operation Memorandum coincided with the 10th anniversary of Sberbank in West Kazakhstan. I am sure that the strategic partnership which we outlined today will have a benign effect on the entire region's economy, - said CEO of Sberbank Oleg Smirnov. Over 10 years of operations in Oral, the team of Sberbank's highly qualified professionals have managed to subscribe 1,230 legal entities and around 5,000 individuals in the field of cash operations, 15,000 persons obtained plastic cards. Meanwhile, 2011 became a year of achievements for the branch. Based on 2011 results, the branch performed best across Kazakhstan in terms of personal loans and loans for SME. For additional comments please turn to press-service of the Bank. Press-secretary SB JSC "Sberbank" Marina Gazizova +7 777 729 10 87 e-mail: marina.gazizova@sberbank.kz unquote [2012-03-29]