Alliance Bank (Kazakhstan) approves grant of first loan within state program for soft crediting of students
15.04.09 15:13
/KASE, April 15, 09/ - Alliance Bank (Almaty), a company listed on Kazakhstan
Stock Exchange (KASE), provided KASE with a press release dated April 15,
2009:
Quotation beginning
Yesterday Alliance Bank informed on approval of grant of the first loan for
higher education purposes within the state program for soft crediting of
students.
The first loan was granted to Aldiyar Aydash, first year student of engineer and
economical faculty of Kazakh economical university named after T. Ryskulova
(KazEU), studying at specialty "Information systems". Aldiyar was born January
14, 1991 in Almaty, now he lives with parents-invalids.
The student provided certificate proving he got only good and excellent marks.
The guarantors are Financial Tsentr JSC at the Ministry of education and science
of the Republic of Kazakhstan and KazEU.
"We see high interest of students in this program, however current restrictions
do not allow for covering larger number of pretenders", - said Maksat Kabashev,
Chairman of Alliance Bank. - "This is why, taking into account a potential and
scale of this state initiative, jointly with Samruk-Kazyna" we are working to
change terms of the program to make education credits available to a larger
number of people".
It was informed earlier; the soft crediting for students program was elaborated
by National wellbeing fund Samruk-Kazyna jointly with the Ministry of education
and the Ministry of health care. Alliance Bank has been selected as a bank-agent
for disbursement of funds allocated by the state for implementation of the
program.
The soft crediting of students is aimed to enhance availability of high
education for socially vulnerable strata. The program covers students studying
in Kazakhstan institutions on payment basis in technical, natural-scientific and
medical specialties on full time basis.
The program covers:
- students-orphans and students without care of parents;
- students-invalids and those with parents-invalids;
- students coming from large families and incomplete families;
- students, parents of which are pensioners;
- other categories of students as defined by the decision of the Ministry of
education of the Republic of Kazakhstan.
The program is unique with its low annual effective rate - 9 %, without any
additional fees. The program allows taking educational loans for up to 15 years.
The security can be real estate or a guarantee of Financial Tsentr JSC or that
of a high school.
On March 24 Alliance Bank has began to receive applications for participation in
the soft loan for students program. 113 Kazakhstan high schools provided a seat
for a credit manager of the bank. In three weeks credit officers of Alliance
bank provided around 4000 consultations and over 300 requests were admitted for
consideration.
For further information, please, contact:
Public Relations
Tel. +7 (727) 258 40 40
E-mail: pr@alb.kz
Website: www.alb.kz
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[2009-04-15]