Subsidiary Bank "Sberbank of Russia" JSC reported on the financing of Kazakh entrepreneurs in the framework of government programs to support representatives of small and medium-sized businesses for more than 5.6 billion tenge in the first quarter of 2018

12.06.18 11:51
/KASE, 12.06.18/ – Subsidiary Bank "Sberbank of Russia" JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release as of June 12, 2018 about the following: quote begins In the 1st quarter of 2018 SB Sberbank JSC has financed 150 entrepreneurs in the framework of state programs to support small and medium-sized enterprises (SMEs) for a total amount of more than KZT 5.6 billion. The Bank has financed projects mainly in the manufacturing industry, in such sectors as: production of food products, motor vehicles, steel products, pharmaceuticals, etc. The projects of 24 borrowers for the amount of more than KZT 2.4 billion were financed out of these funds within the framework of lending programs in the manufacturing industry. "Sberbank is actively participating in financing of Kazakhstan entrepreneurs both at the expense of state and own lending programs. This expresses the Bank's interest in further development and prosperity of our borrowers' business, their qualitative growth, because later it will positively affect the quality of the loan portfolio," Yeldar Tenizbayev, Deputy Chairman of the Management Board of SB Sberbank JSC, says. SB Sberbank JSC is the leader among Kazakhstan’s second-tier banks in terms of lending in the framework of the Unified Business Support and Development Program Business Road Map 2020. So, this indicator exceeded KZT 437 billion as of the beginning of March this year. Over a period of several years Sberbank has been repeatedly awarded by Damu Entrepreneurship Development Fund for active participation in state programs to support Kazakhstan entrepreneurship. This year, SB Sberbank JSC was awarded in The Most Advanced Bank nomination to support small and medium-sized businesses – 2018 For more information, please contact the following person: SB Sberbank JSC Yekaterina Kupreeva +7 (727) 266 35 68 (ext. 502499) Mobile:+7 702 18 16 127 e-mail: quote ends [2018-06-12]