/KASE, February 6, 2018/ – Development Bank of Kazakhstan (Astana), whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has provided the
following press release to KASE:
quote
Development Bank of Kazakhstan JSC (subsidiary of the Baiterek National Management
Holding JSC, hereinafter, the Bank, DBK) provided the third tranche of financial
resources from the National Fund in the total amount of KZT8 bn to five second-
tier banks (STBs) under the Preferential Car Loan Programme (hereinafter, the
Programme). Halyk Bank, Eurasian Bank, subsidiary bank of Sberbank of Russia in
Kazakhstan and Bank CentreCredit have received KZT1.875 bn each, subsidiary
organization Bank VTB (Kazakhstan) received KZT500 mln. Current lending terms for
Kazakh individuals for purchasing Kazakhstan-made motor vehicles are as follows:
nominal interest rate not more than 4 percent per annum, loan term will be no more
than 7 years, loan currency will be tenge, the cost of one unit of motor car will
be no more than KZT15 mln. The amount of downpayment will be set by commercial
banks at their own discretion.
unquote
Full version of the press release is posted on KASE website (in Russian) at –
http://kase.kz/files/emitters/BRKZ/brkz_reliz_060218_1.pdf
[2018-02-06]