Sberbank decided to withdraw from the Kazakh market, guided by the current geopolitical situation.
Baiterek, the national managing holding of Kazakhstan, bought a subsidiary bank of Russian Sberbank (SB JSC Sberbank). This was reported on the holding’s website on Tuesday, August 23.
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“Sberbank made a decision to withdraw from the Kazakhstani market, guided by the current geopolitical situation and acting in the interests of the subsidiary bank’s clients,” the statement said.
At the same time, it is emphasized that Sberbank Kazakhstan has been one of the main participants in the financial market of Kazakhstan for many years.
“When deciding to take over Sberbank Kazakhstan, Baiterek Holding appreciated its high importance for the country’s financial system. The modern infrastructure and technology owned by the bank will allow the bank to return to full operation in short time and start financing the real sector of the economy of Kazakhstan,” said the press. – service.
It was also reported that the group of employees of Sberbank Kazakhstan will continue its work.
Recall that in July, the largest bank in the aggressor country, Sberbank, was subjected to EU sanctions. He was also disconnected from the SWIFT system.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.