Baku, Azerbaijan, April 24
By Elena Kosolapova- Trend:
Kazakh subsidiary of Russian Sberbank financed expansion of Hyundai AutoTrans plant which is a part of Kazakh Motor Company 'Astana Motors', the bank reported April 24.
The bank provided a 12.6 billion tenge (182.01 tenge = $1) loan to Hyundai Auto Truck & Bus and Hyundai Auto Kazakhstan belonging to Astana Motors.
Cars produced at this plant in Kazakhstan are selling on the local market and in CIS countries.
The project was supported within the Kazakh state program "Business Road Map 2020".
Official dealers of Astana Motors work in the 13 cities of Kazakhstan.
Four new auto centers are under construction in the country. In particular, Hyundai Premium auto centers which meet the latest environmentally - friendly standards of the Korean producer will be built in the cities of Almaty and Astana, Hyundai auto center will be build in the city of Kostanay and Bavaria auto center selling BMW, MINI, Rolls-Royce will appear in Almaty.
SB Sberbank JSC is a member of the Sberbank International Group. The Bank has been operating in Kazakhstan's financial market for seven years and has the fifth largest assets among the second-tier banks in Kazakhstan. SB Sberbank JSC has a network of branches, which consists of 100 structural units, including 15 subsidiaries. The Bank's headquarters is in Almaty.
Astana Motors has been working in Kazakhstan since 1992. The company sells eight car brands in the Kazakh market. It is the official distributor of Hyundai, Subaru brands, exclusive importer of BMW, MINI and Rolls-Royce brands in Kazakhstan, official dealer of Toyota brand in the cities of Astana and Almaty, Lexus - in Astana and Nissan - in Almaty. Moreover it operates Hyundai AutoTrans car assemblage plant in Almaty region.
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