Development Bank of Kazakhstan says funding under preferential car loans program increased to KZT42.0 bn

06.05.19, 15:36
/KASE, May 6, 2019/ – Development Bank of Kazakhstan (Nur-Sultan), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote Within the framework оf the program of preferential car loans (hereinafter - the Program), the agent of which since April 2015 is the "Development Bank of Kazakhstan" JSC (a subsidiary of "national managing holding "Baiterek" JSC, hereinafter - the Bank, DBK), allocated the next, fourth tranche of funds from public sources. 8 billion tenge received from the National budget, sent by the Bank to commercial banks: subsidiary Bank of "Sberbank" JSC, "Bank Center Credit" JSC, "Eurasian Bank" JSC - 2 billion tenge, "Halyk Bank of Kazakhstan" JSC and subsidiary Bank of VTB Bank JSC (Kazakhstan) - 1 billion tenge. In addition, 2 billion tenge was allocated to the subsidiary of the Bank JSC "DBK-Leasing", to finance legal entities and individual entrepreneurs who purchase leasing cars and special purpose vehicles. unquote The full press release is available on KASE website – http://kase.kz/files/emitters/BRKZ/brkz_reliz_060519_1.pdf [2019-05-06]