Kaspi Bank (Kazakhstan) boosts consumer crediting

/KASE, July 8, 09/ - Kaspi Bank (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated July 7, 2009: Quotation end As demand on the side of population grew, in June kaspi bank daily issued KZT155 m (USD1m) credits to borrowers with good credit history. Totally over 30,000 people received a consumer credit in kaspi bank in June. In May this year, kaspi bank issued around 26,000 consumer credits, in June - the bank issued 30,000 credits to borrowers with good credit history. Thus, kaspi bank increased its presence in this market segment, despite, an assumption about traditionally weaker summer months for Kazakhstan banking sector regarding growth of consumer demand. kaspi bank allows receiving a consumer credit on average to each second applicant. The main criteria are credit history quality and individual solvency. The credit history quality is the main priority for the bank and its clients. Recently, kaspi bank launched a product for its best clients having quality credit history allowing receiving loans at lower rates and in larger amounts. kaspi bank is intending to constantly improve its products and provide its clients with the most convenient and simple banking products and services. - Till August 20 we are launching a unique action "Allow a vacation to your credit payment", - managing director Pavel Mironov says. - This means, a client, that got a new credit in summer, will receive an opportunity to make its first credit payment in two months. This, in first turn, allows our clients freely planning of summer time. If we have a look at client needs in recent 1.5 years, we can conclude people buy goods affecting life quality and adding confidence in the future. The top are TVsets, fridges, washing machines, furniture etc. As well important are cells, computers and laptops, which show people are striving to be mobile and education oriented. 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 Quotation end [2009-07-08]