Subsidiary Bank Sberbank of Russia announces H1 2018 performance highlights

/KASE, September 3, 2018/ – 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 3, 2018: quote Based on the results of the interim condensed financial statements for the first half of 2018, SB Sberbank JSC increased its net profit more than twice compared to the same period of last year up to KZT 24.4 billion. The increase in profit is due to the growth of net interest income and reduction in provisions. "SB Sberbank JSC continued the systematic implementation of the medium-term development strategy for 2018-2020, aimed at further strengthening its position as one of the leading and stable financial institutions in the market of the Republic of Kazakhstan. In the first half of the year, we continued development of all business areas, among them retail and corporate lending, including using tools of government support programs," Aleksandr Kamalov, Chairman of the Management Board of SB Sberbank JSC, said. - Assets - KZT 1.7 trillion. Market share - 7.1% *; - Liabilities - KZT 1.5 trillion. Share in the banking sector - 7.3%; - Client’s funds - KZT 1.3 trillion; - Amount of equity decreased by 4%, up to KZT 157 billion. Market share - 5.2% *; - Loan portfolio decreased by 3%, up to KZT 997.3 billion. Share in the banking sector - 8.4%; - Net profit of the Bank increased more than twice and amounted to KZT 24.4 billion; - Net interest income after loan loss provision increased by 142% and amounted to KZT 26.5 billion. * SB Sberbank JSC ranks 4th in terms of assets, loan portfolio and liabilities of clients, and 7th in terms of equity among 32 banks of Kazakhstan according to the data of the National Bank of the Republic of Kazakhstan as of 01.07.2018. Information background: SB Sberbank JSC is a part of international Sberbank group. The Bank has eleven-year successful experience in the financial market of the Republic of Kazakhstan and ranks 3th in terms of assets among second-tier banks of the Republic of Kazakhstan. Today, SB Sberbank JSC has a branch network of 91 structural subdivision, 17 out of which are branches. The central office of the Bank is located in Almaty. For more information please contact the following person: SB Sberbank JSC Yermek Koychebaev +7(727) 266-35-68 ext. 501431 e-mail: Yermek.Koychebaev@sberbank.kz unquote [2018-09-03]