Subsidiary Bank Sberbank of Russia concludes fundraising deal with MMC Kazakhaltyn

/KASE, September 13, 2016/ – 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 September 13, 2016: quote SB Sberbank and the largest Kazakhstan gold industry enterprise MMC Kazakhaltyn have concluded a fundraising deal. "Gold is justly called "the unlimited currency", as this metal is the guarantor of the financial and economic stability of every country in the international arena. We are honored to support the largest Kazakhstan gold mining company. Sberbank is always ready to invest into interesting and promising projects," Alexander Kamalov Chairman of the Management Board of SB Sberbank said. MMC Kazakhaltyn is one of the oldest gold industry enterprises. The company is known for its achievements in mining and processing of gold ore. The total amount of gold exceeds 3,000 kilograms per year, which is 4.7% of the total production of gold products in Kazakhstan and about 10% of the refined gold production volume. unquote [2016-09-13]