Halyk Savings Bank of Kazakhstan stopped applications acceptance for hypothecary loans refunding
02.07.09 16:04
/KASE, July 2, 09/ - Halyk Savings Bank of Kazakhstan (Almaty), the listed
company of Kazakhstan Stock Exchange (KASE), provided to KASE the following
press release:
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Halyk Savings Bank of Kazakhstan has to stop acceptance from borrowers
for hypothecary loans refunding within the joint program with NWF
Samruk-Kazyna.
At the government commission meeting on the Republic of Kazakhstan economy
modernization issues were approved new funds distribution limits. As a result of
the new distribution, funds allocated to Halyk Bank within the government
hypothecary loans refunding program was decreased from 24 bn to 20. 5 bn
tenge.
Meanwhile, during the action implemented by Halyk Bank were accepted over 5.5
thousand applications for more than 23 bn tenge. As of July 1 the Bank
committee approved 5,174 applications to the amount of 20.8 bn tenge.
Thus, Halyk Bank of Kazakhstan will issue funds, allocated within the government
program only on applications, on which were made positive decisions and has
from July 1, 2009 to stop acceptance of application for hypothecary loans
refunding. The issue of funds on previously approved applications will be
implemented till August 1, 2009.
Press Service of Halyk Bank of Kazakhstan
tel. +7 727 2 590 816, www.halykbank.kz
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[2009-07-02]