Sberbank of Russia

The history of the Subsidiary Bank of Sberbank of Russia Joint Stock Company in Kazakhstan begins at the end of 2006, when Sberbank of Russia, the flagship of the Russian financial system, the largest financial institution in Central and Eastern Europe, acquires 99.99% of TexakBank, recognized as the bank with the best level of customer service according to the National Business magazine. In 2007, the Bank obtained a license to conduct banking and other operations carried out by banks in national and foreign currencies. In the same year, the Bank’s authorized capital was increased almost 15 times and amounted to 29 billion tenges (more than $ 240 million), which allowed SB Sberbank JSC to become one of the 10 largest banks in the Republic of Kazakhstan in terms of authorized capital. SB Sberbank JSC has extensive connections with the largest banks in the world, as well as vast experience working with clients and partners engaged in various areas of the economy. To date, SB Sberbank JSC has a branch network consisting of 91 structural units, 16 of which are branches. The central office of the Bank is located in Almaty. The main shareholder of SB Sberbank JSC is Sberbank PJSC.