ATFBank (Kazakhstan) disburses funds under mortgage loan refinance program ahead of time
05.08.09 14:10
/KASE, August 5, 09/ - ATFBank (Almaty), a company listed on Kazakhstan
Stock Exchange (KASE), provided KASE with a press release:
Quotation beginning
National wellbeing fund Samruk-Kazyna provided ATFBank with KZT1.3 bn in
the second tranche to refinance mortgage loans. According to the Agreement
between the Fund and ATFBank the funds must be completely disbursed by
October 1, 2009.
On August 3, 2009, ATFBank disbursed all the funds ahead of time.
"It was planned, and the Bank completely disbursed the funds of the second
tranche provided by the Fund to refinance mortgage loans.
We in one month refinanced 325 credits for a total of KZT1.3 bn. The second
tranche was distributed in Astana - 16%,
Aktobe - 15%, Aktau - 14%, Almaty - 11% and Karaganda - 9%.
However, 176 clients could not refinance their applications for a total of
KZT735 m due to insufficiency of the funds provided.
Due to changes, banks may refinance credits at the expense of loans released
from earlier refinanced loans. The bank will use such funds to meet needs of
those 176 clients, however, the loaners must be patient, as just a little sum is
being released monthly, and it will take at least half a year to meet all
applications approved for the time being", - Nurlan Akshanov ATFBank Sales
Director said.
Contact:
PR-Service ATFBank
Algiya Aytbaeva
tel: +7 (727) 2583 111, ext. 25-06
A.Aitbayeva@atfbank.kz
Elvira Peltola
tel: +7 (727) 2583 111, ext. 06-63
Peltola@atfbank.kz
Quotation end
[2009-08-05]