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EBRD may invest in Sberbank unit if it becomes Kazakhistan asset -Breaking


© Reuters. Odile Renaud Basso, President, European Bank for Reconstruction and Development, (EBRD), attends the High Level Session of One Ocean Summit. The summit aims to boost the international community’s ambitions for sea life protection and plastic pollution reduction.

NUR-SULTAN – If Kazakhstan buys Sberbank’s local branch, the European Bank for Reconstruction and Development may be able to help Kazakhstan increase its capital.

Renaud Basso stated that the EBRD knew of discussions between Sberbank (which has been affected by Western sanctions) and Kazakh state-holding company Baiterek but did not intend to participate in any possible sale to Kazakhstan.

Renaud Basso spoke to journalists on the sidelines at a Kazakh foreign investor conference.