/KASE, November 30, 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 November 30, 2018:

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Sberbank has launched refinancing of secured loans in KZT without fee and under low interest rates. Secured loans and all loans received on the security of real estate are involved in the refinancing program.

"Today, we are the only bank in Kazakhstan that offers refinancing of a secured loan without fee and with a low interest rate. We understand the desire of citizens of Kazakhstan to get a product under accessible terms that reduces debt burden. For this, Sberbank has launched a refinancing program that will allow clients to reduce the amount of monthly payments under existing loans, and direct funds released to other expenditure items of the family budget," Zhanargul Izimova, Managing Director for Retail Sales of SB Sberbank JSC, comments.

Refinancing allows to reduce the debt burden by, for example, reducing the interest rate on a loan, or increasing the lending term and, accordingly, reducing the monthly payment. Also, combination of several loans at different Kazakhstan banks into one is available to a client to optimize payments on loans.

Participants of the refinancing program can be individuals, as well as employees of companies, serviced at Sberbank at the age from 21 years. The minimum wage should not be lower than KZT 60,000.

Now refinancing of secured loans at Sberbank is made without fees at a rate of 14.6% (AEIR from 15.6%) in KZT.

More about the product at: see more

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

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[2018-11-30]