ASHGABAT, Turkmenistan, April 2. Kazakhstan’s President Kassym-Jomart Tokayev held a meeting with the CEO of Sberbank, German Gref, and discussed key issues related to the development of the banking sector, as well as the impact of the current geopolitical situation on the economies of countries in the region, Trend reports via the press office of the Kazakh President.
Particular attention was paid to the prospects for applying digital solutions and artificial intelligence in the financial sector.
The discussions also focused on the modernization of financial services and the role of innovation in improving the efficiency of banking systems.
Sberbank is a major Russian banking and financial services group with a long history of international operations. Its subsidiary Sberbank Kazakhstan was one of the significant players in Kazakhstan’s banking sector after being established there in the mid-2000s, providing a full range of retail and corporate banking services and digital solutions. However, in August 2022, Sberbank sold its Kazakh subsidiary to the state-owned financial holding Baiterek, which continued its operations under local management following the acquisition.