/KASE, April 18, 2019/ – KazAgro National Management Holding (Nur-Sultan), whose
bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed
KASE as follows:
quote
The task of improving availability of financing for agricultural sector entities
is addressed by providing loans under the existing programmes of institutions of
the KazAgro Holding, as well as through funding of STBs, loan societies,
microcredit organizations and leasing companies for further financing of the
agricultural sector entities.
The volume of financing for the industry amounted to KZT400 bn last year. This is
an unprecedented amount for all years of operation of the holding company and its
subsidiaries and exceeds the results of 2017 by 50% (KZT266.7 bn). 96% (or KZT385
bn) of this amount was allocated as loans and leasing (the share of long-term
loans is 90%). About 20,000 loans were provided; over 11,000 new jobs were created
and more than 56,000 people were employed. This was reported by Asylkhan Dzhuvashev,
Managing Director for Assets and Investment of the Kazagro Holding JSC during a
roundtable at the Majilis on the topic: "Improving availability of financing for
agricultural sector entities" that took place on April 18, 2019.
unquote
Detailed information is available on KASE website at
-
http://kase.kz/files/emitters/KZAG/kzag_reliz_180419_kz.pdf – in Kazakh;
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http://kase.kz/files/emitters/KZAG/kzag_reliz_180419.pdf – in Russian.
[2019-04-18]