/KASE, May 5, 09/ - Kaspi Bank (Almaty), a company listed on the Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated May 4, 2009:

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Since the start of the refinance program kaspi bank received about one thousand orders from current clients for a total of KZT3.5 bn. Kaspi bank was allotted KZT3 bn. by Samruk-Kazyna to refinance mortgage loans.

As for today kaspi bank approved 615 mortgage orders for a total of KZT2 bn.

After the government had amended refinancing rules, consideration and approval of orders require less time. As a result KZT3 bn. allotted to kaspi bank by Samruk-Kazyna will be disbursed ahead of schedule agreed with the fund.

"We accepted for consideration over 1000 orders from borrowers from all over Kazakhstan for a total of about KZT3.5 bn. At the time being about KZT2 bn. has been refinanced. Average refinance loan is KZT3.5 m. worth, - kaspi bank chairman Mikhail Lomtadze said. - We have suspended receipt of orders for refinancing. As the demand is significant we are interested to proceed with the state program".

For further information please contact: Botagoz Zhumanova Media Relations Tel.: 8 (7272) 501-800 (ext. 1376) E-mail: ZHUMANOVA.Botagoz@kaspibank.kz Cell: +7-701-223-87-85 +7-777-232-51-12

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[2009-05-05]