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Shymkent Oil Refinery ©oilnews.kz
Shymkent Oil Refinery to receive additional $400 million for modernization

Additional money will be allocated to modernize the Shymkent Oil Refinery on southern Kazakhstan. This will help increase the production capacity of the refinery and make it more environmentally friendly.

Shymkent Oil Refinery to receive additional $400 million for modernization
Photo courtesy of Kazakhstan Temir Zholy©
Sberbank of Russia to finance $3.6 billion worth of transportation projects in Kazakhstan

Sberbank of Russia will provide $3.6 billion to finance projects of Kazakhstan's national railway company Kazakhstan Temir Zholy (KTZ).

Sberbank of Russia to finance $3.6 billion worth of transportation projects in Kazakhstan
Marat Abilov©
Sberbank Kazakhstan and Development Bank of Kazakhstan to jointly finance projects

Besides, Sberbank Kazakhstan has signed an agreement with IFC, with the latter providing a loan to finance S&Mbs.

Sberbank Kazakhstan and Development Bank of Kazakhstan to jointly finance projects
Ms.Elena Bakhmutova. © Yaroslav Radlovsky
Samruk Kazyna Sovereign Wealth Fund Board Chairwoman comments on Russia’s Sberbank President German Gref’s concerns

Mr. Gref earlier expressed concerns that Kazakhstan is taking steps to restrict operations of foreign banks in Kazakhstan, including those of Sberbank.

Samruk Kazyna Sovereign Wealth Fund Board Chairwoman comments on Russia’s Sberbank President German Gref’s concerns
Russia’s Sberbank President German Gref. © RIA Novosti
Russia’s Sberbank President German Gref is concerned over Kazakhstan’s moves to restrict operations of foreign banks

Due to a Samruk-Kazyna’s decision the bank’s Kazakhstan subsiary may lose $800 million deposited by legal entities.

Russia’s Sberbank President German Gref is concerned over Kazakhstan’s moves to restrict operations of foreign banks
Photo courtesy of fed.sibnovosti.ru
Kazakhstan branch of Sberbank issued $60 million loan to Max Petroleum

British Max Petroleum that has assets in Kazakhstan received the first tranche of a loan from SB Sberbank JSC in the amount of $60 mln.

Kazakhstan branch of Sberbank issued $60 million loan to Max Petroleum
Sberbank has no interest in buying stakes in Kazakhstan banks
Sberbank has no interest in buying stakes in Kazakhstan banks

Sberbank’s Kazakhstan subsidiary is quite large and we no longer need acquisitions: Sberbank's CEO.

Sberbank has no interest in buying stakes in Kazakhstan banks
Sberbank mulls to become one of key banks in Kazakhstan
Sberbank mulls to become one of key banks in Kazakhstan

We are planning to become one of the key banks in Kazakhstan in the nearest 5 years: Sberbank chairman.

Sberbank mulls to become one of key banks in Kazakhstan
Sberbank chairman German Gref. ©RIA Novosti
Sberbank chairman asks Kazakhstan administration for preferences

We could have significantly increased our investments to Kazakhstan: German Gref.

Sberbank chairman asks Kazakhstan administration for preferences
By Yaroslav Radlovsky©
Russia’s Sberbank, Kazakhstan National Railways Operator and Kazakhstan-based Sberbank’s subsidiary sign a $3 billion agreement

The signing ceremony was held in the Government’s House in Astana.

Russia’s Sberbank, Kazakhstan National Railways Operator and Kazakhstan-based Sberbank’s subsidiary sign a $3 billion agreement
©RIA Novosti
Russia’s Sberbank Chairman German Gref on oil price

Mr. Gref admitted 2012 “will be rather complicated given the indicators of the latest months”.

Russia’s Sberbank Chairman German Gref on oil price
German Gref. ©RIA Novosti
Russia’s Sberbank sees no possibility of purchasing BTA

First of all, the decision has to do with the vision and strategy of Sberbank’s operations in the Kazakh market: Bank’s Chairman German Gref.

Russia’s Sberbank sees no possibility of purchasing BTA
German Gref. ©RIA Novosti
Sberbank Head German Gref refuses to comment on probability of Russia’s Sberbank purchasing BTA

We do not comment on clients’ transactions and on our partners. This has nothing to do with the Bank’s transparency: German Gref.

Sberbank Head German Gref refuses to comment on probability of Russia’s Sberbank purchasing BTA
German Gref. RIA Novosti ©
Belarus least prepared for Common Economic Space: German Gref, Head of Russia’s Sberbank

According to him, “there are some political trends within the CIS that hamper economic integration (…) Unfortunately, disintegration is on the rise”.

Belarus least prepared for Common Economic Space: German Gref, Head of Russia’s Sberbank
©RIA Novosti
Kazakhstan’s subsidiary of Russia’s Sberbank expects annual net profit of $27.3 million

The estimated figure has been raised from $20.5 forecast made in May.

Kazakhstan’s subsidiary of Russia’s Sberbank expects annual net profit of $27.3 million

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