SB Sberbank JSC to finance small and medium businesses in Kazakhstan
ALMATY. April 3. KAZINFORM Subsidiary Bank of Russia’s Sberbank JSC has joined the third trance of the Program on preferential crediting of small and medium business enterprises by Damu Development Fund. The total sum of crediting is KZT 1 bln 721 mln, Kazinform refers to the Bank’s press service. On March 30, 2009 at the Government’s telephone conference Kairat Kelimbetov, head of SamrukKazyna National Welfare Fund said the SB Sberbank JSC showed good paces of disbursement of means allotted by the Government for the development and support of small and medium businesses. The SB Sberbank JSC is a Kazakhstani bank with Russia’s participation. The bank confirmed that realization of the state program on entrepreneurship development was among priorities in its activity. The SB Sberbank JSC declares it remains faithful to its promises – to focus on supporting real sector of economy in the regions. Distribution of the loans in the regions will allow providing new jobs, developing infrastructure and laying new foundation of Kazakhstan’s new economy.