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Sberbank to expand its business in Kazakhstan in 2014 - CEO

June 12, 2014, 15:08 UTC+3 BOROVOYE (Kazakhstan)
“Currently, we are the biggest foreign investor in the economy of Kazakhstan,” the Sberbank chief says
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© EPA/FILIP SINGER

BOROVOYE, June 12, 14:22 /ITAR-TASS/. Russia’s Sberbank (Savings Bank) plans to invest about 100 million US dollars in the enlargement of its business in Kazakhstan in the current year and raise its investments in republican projects up to four billion US dollars, Sberbank CEO German Gref told a Thursday plenary meeting of the Foreign Investors Council under the Kazakhstani President.

“In the current year solely, we are going to re-invest more than 100 million US dollars in the development of our business here - in Kazakhstan. The bank’s overall investments in the republican economy are expected to reach roughly four billion US dollars,” Gref said, adding that the bank is willing to keep the pace of the kind from year to year.

“Currently, we are the biggest foreign investor in the economy of Kazakhstan. Year by year, we increase the number of new jobs and values of investment flows. We implement our best programs aimed at the human capital development just here, in Kazakhstan,” the Sberbank chief said.

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