Halyk Savings Bank of Kazakhstan to complete disbursement of funds within the mortgage loan refinance program

/KASE, August 3, 09/ - Halyk Savings Bank of Kazakhstan (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release: Quotation beginning Halyk Bank timely and in full completed allocation of funds of National wellbeing fund Samruk-Kazyna. 5,207 clients of the bank applied to the state mortgage loan refinance program for a total of KZT20.5 bn. Halyk Bank was implementing the program in all regions of Kazakhstan, with the highest number of restructured loans in Almaty and Astana. 2,301 credits were taken by state officials, employees of state institutions, veterans of the Second World War, pensioners and invalids. The Kazakhstan Government, the National Bank and the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations elaborated a joint plan for 2009-2010 to stabilize the economy and financial system. The project allocated KZT120 bn to refinance mortgage loans. Halyk Bank of Kazakhstan is the main state partner implementing social projects for population, particularly, transferring and paying pensions and allowances, wages, receiving tax, utility and other payments. A systemic bank, Halyk Bank is actively engaged in the anti-crisis program of the Government, aimed to boost domestic economy and prosperity of Kazakhstan citizens. Press Service Halyk Bank of Kazakhstan tel. +7 727 2 590 816, www.halykbank.kz Quotation end [2009-08-03]