Tsesnabank (Kazakhstan) completed drawing of funds within the government program of crediting small and medium size business companies
30.04.09 12:45
/KASE, April 30, 09/ - Tsesnabank (Astana), securities of which are present in
Kazakhstan Stock Exchange (KASE) official list, provided to KASE the press
release on the following:
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In compliance with the general agreement between NWF Samruk-Kazyna, Fund
Damu and STB, Tsesnabank was supposed to draw KZT3.3 bn to fund small and
medium size business companies till July 1, 2009.
However by April 28, 2009 the bank completed allocation of funds with the
general agreement. Thus, having drawn the third tranche funds of SMB
companies funding stabilization program 2 months earlier the set period, the bank
became the first program operator, which completed funds ahead of
schedule.
In total the bank funded 57 projects, out of which 35 projects to the amount of
KZT1.8 bn implemented by SMB companies in Astana.
This is the next in turn successful experience of the bank participation in the
SMB companies funding stabilization program. In 2008, the bank effectively
allocated the first tranche, having drawn 3 billion 50 million tenge ahead of
schedule. Due to this the bank was entrusted drawing of additional 1 billion 118
million tenge within re-allocation of funds from other STB. The second tranche
funds in the size over 2 billion tenge were also used by the bank ahead of
schedule by 2 months.
Following the strategy of cooperation with SMB companies, Tsesnabank
maximally participates in government programs, and accurately fulfills its
obligations to clients, Funds Samruk-Kazyna and Damu", - said Chairman of
Tsesnabank Board Dauren Zhaksybek.
Tsesnabank,
Address: 010000, Astana, 29, Pobedy Ave
Call Center: 8 800 080 2525
Tel. +7 (7172) 770 770; fax: +7 (7172) 770 195
www.tsb.kz, e-mail: info@tsb.kz
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[2009-04-30]