BTA Bank JSC (Kazakhstan) paid the second tranche of the Islamic loan in the amount of $63.0 m.
22.07.08 16:27
/KASE, July 22, 08/ - BTA Bank JSC (Almaty), securities of which are traded in
Kazakhstan Stock Exchange (KASE) category "A" official list, provided to KASE
the press release of the following content:
Quotation start
BTA Bank in compliance with the schedule paid the second tranche of the Islamic
funding loan, borrowed in 2006 for 2 years in the amount of USD63 m., the margin
on which made up 70 basic points.
Calyon Bank and Abu Dhabi Islamic Bank organized this deal and provided
consultations on the Shariath and Mudariba principles.
Meanwhile, the loan total amount made up USD200 m. the first annual tranche in
the amount of USD137 m., the margin of which made up 40 basic points, and was
paid in July 2007.
The credit line resources were used for financing of BTA clients according to
the Shariath principles.
This repayment once again demonstrated the ability of BTA Bank to timely fulfill
its liabilities.
Thus, in the current year BTA Bank repaid external borrowings to the amount of
USD623. 9 m. Till the end of the year BTA will have to pay USD574.4 m., that
makes up 2.3% from the bank's assets.
For media contacts:
Adil Dossymov, press secretary of BTA Bank JSC
8 (727) 266 47 97,
e-mail: dosymov@bta.kz
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[2008-07-22]