/KASE, October 3, 13/ – Subsidiary Bank JSC "Sberbank of Russia" (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of October 3, 2013:

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Astana-Istanbul. Expanding the cooperation borders

Under this name Kazakhstan-Turkey business-forum started its work in Astana on October 3. It is attended by representatives of major companies and financial institutions of both countries. Subsidiary Bank JSC "Sberbank of Russia" (Kazakhstan) initiated and organized this forum.

"Sberbank Group is present in CIS, Europe, Asia and Turkey. And we are sure that opportunities opening thanks to the synergy of our subsidiary banks will be of interest to our existing and prospective clients. Of course, strengthening the co-operation between Russia, Kazakhstan and Turkey, developing new trans- border financial solutions will make a positive impact on the economic development of those countries. I am pleased that Sberbank is taking an active part" – points out Sergei Gorkov, Chairman of the Board of Directors of SB Sberbank (Kazakhstan), deputy Chairman of the Management Board for international business of OJSC "Sberbank of Russia".

One of the Forum's main objectives is exchange of ideas, experience, knowledge in various fields foreign companies operate in Kazakhstan and Turkey, as well as attracting prospective investors and partners for project implementation.

Aleksandr Kamalov, Chairman of Management Board of SB Sberbank (Kazakhstan): "The share of Turkish companies amongst joint ventures is 12% and there is growth potential. Our goal today is to find answers to actual issues of economic co-operation, create favorable conditions for entrepreneurship and pre-requisites for development, develop unique business solutions between partners. I am confident that the work under Kazakhstan-Turkey business-forum will help us find pointes of contact and will boost economic development and cooperation between business communities of the two countries".

Business-forum "Astana-Istanbul. Expanding the cooperation borders" has awakened interest from major companies of the two countries. Ones of its main participants and speakers were the Committee on Investments of Kazakhstan's Ministry of Industry and New Technologies, joint-stock company "National company "Astana EXPO-2017", National agency for export and investments KAZNEX INVEST, Entrepreneurship development fund "Damu". The Turkish party was represented by companies such as Sberbank's Turkish subsidiary DenizBank, Sembol, Turkuaz Group of Companies, Rompetrol, Coca Cola etc.

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[2013-10-03]