BANK CASPIAN JSC (Kazakhstan) informed on borrowing in EBRD in the amount of $60 m.

/KASE, July 18, 08/ - BANK CASPIAN JSC (Almaty), securities if which are traded in Kazakhstan Stock Exchange (KASE) category "A" official list, disseminated the press release on borrowing of the 5 year loan from European Bank for Reconstruction and Development (EBRD) in the amount of $60 m. to for crediting in the area of small and medium-size businesses (SMB). According to the message the similar amount was received by the bank from EBRD at the end of 2007. As a result, only for the last six months the bank received from this financial institution $120 m. as the long-term loan. "The role of EBRD is to support financial institutions with the sustainable and clear business strategy. Another $60 m., received by Caspian - proves our support of the long-term partner, which issues loans to SMB in Kazakhstan. We are confident that the bank will be able to improve the access of Kazakhstan entrepreneurs to financial resources, whose business was mostly affected by the liquidity crisis" - said Director of EBRD Bank Creditingс Jean-Mark Pittershmidt, whose words are cited in the press release. According to the bank's data at present in the loan portfolio of BANK CASPIAN JSC, loans to small and medium-size enterprises make up over KZT55 bn. or 28 % from the loan portfolio total volume. From the beginning of 2008, the bank issued more than 126.5 th. loans to the amount of more than KZT53.8 bn.. [2008-07-18]