Go to media bankSberbank logo on the Moscow office. File photoMOSCOW, Sep 2Sberbank closed a deal to sell a subsidiary bank in Kazakhstan to Baiterek holding on mutually acceptable financial terms, the Russian credit institution said in a statement. Sberbank reported in late August that will sell a subsidiary bank in Kazakhstan to the Baiterek holding, the parties planned to close the deal in the near future. The bank then explained that it had decided to exit the Kazakhstani market, guided by the current geopolitical situation and acting in the interests of the subsidiary bank's clients. up to three percent after the news about the withdrawal of VK from their JV «Sberbank Group and the Baiterek National Management Holding» closed the sale and purchase of the entire block of shares of a subsidiary bank of Sberbank in Kazakhstan (SB JSC «Sberbank»). The transaction was made on mutually acceptable financial terms and received all the necessary regulatory approvals,» the message says. It is noted that the transaction will allow the bank to fully resume active operations, attract deposits and make payments, as well as continue developing products and services for the population and business. In the near future, it is planned to rebrand Sberbank Kazakhstan. The Kazakhstan bank will continue to fulfill all its obligations to customers, all conditions for banking products for existing customers will remain unchanged. jpg» />VTB will continue to work in Kazakhstan despite Western sanctions
