Subsidiary Bank Sberbank of Russia provides KZT3.8 bn in funds to STYNERGY
/KASE, October 14, 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:
SB Sberbank JSC has approved the financing limit of STYNERGY LLP for the
amount of KZT 3,8 billion.
The appropriated funds will be allocated for working capital financing of the
enterprise and investment purposes. The tranche is planned to be used until the
end of 2016.
"STYNERGY is one of leading enterprises in own segment. At the same time, the
company procures 80% of raw materials for production from Kazakhstan suppliers.
We are sure that our support will open for our client new opportunities for
business development", Yeldar Tenizbayev, Deputy Chairman of the Management
Board of SB Sberbank JSC, said.
STYNERGY enterprise takes the fifth part of the competitive Kazakhstan market
for rental of thin-sheet coil steel with coverage. And also in production and
sale of roofing and facade systems, profiled flooring, strip, construction
profile and sandwich panels. The company takes active part in construction of