OREANDA-NEWS. January 25, 2011. Subsidiary Bank Sberbank of Russia (Almaty), bonds of which are listed on Kazakhstan Stock Exchange (KASE), informed that Subsidiary Bank Sberbank of Russia and South Kazakhstan Akimat signed Memorandum of Cooperation within the framework of the bank new affiliate opening in Shymkent, reported the press-centre of KASE.

The document has been signed by South Kazakhstan Deputy Akim on Economics and Finances Erlan Aitkhanov and Subsidiary Bank Sberbank of Russia Management Board Chairman Oleg Smirnov. This Memorandum foresees development of the strategic partnership under the regional socio-economi programs implementation.

Parties agreed on joint implementation of investment projects in the agricultural and industrial sector, processing, mining and other sectors as well as development of joint projects on small and medium size businesses crediting, crediting of perspective production enterprises, development of information technologies and innovative infrastructure. Special focus shall be given to support of enterprises - exporters and socially significant  projects.