Sanctioned Russian Sberbank sold its “daughter” in Kazakhstan to the country’s national holding “Baiterek” after Russia started the war in Ukraine. This was reported by the press service of "

A relevant agreement for the sale and purchase of the entire block of shares has already been signed, which is planned to be closed “in the near future”. At the same time, the Russian state bank calls the "

Sberbank Kazakhstan ranks 4th in the country's banking system in terms of assets, which amounted to $6.2 billion as of April 1, capital was $848.7 million.

“During the decision to acquire Sberbank of Kazakhstan, the Baiterek holding appreciated its high importance for the country's financial system.

The modern infrastructure and technologies owned by the bank will allow the bank to return to full-fledged work in a short time and start financing the real sector of the economy of Kazakhstan,” the statement says..

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Recall that Kazakhstan cancels the study of the Russian language for first-graders in schools. At the same time, the authorities deny the information that within 6-7 years they intend to cancel classes with the Russian language of instruction..