Kazkommertsbank (Kazakhstan) ends to receive applications for refinancing of mortgage loans
07.08.09 10:21
/KASE, August 7, 09/ - Kazkommertsbank (Almaty), a company listed on
Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated
August 6, 2009:
Quotation beginning
Kazkommertsbank ended to receive applications for refinancing of mortgage
loans within the state program, having approved 6,140 orders for a total of
KZT25.315 bn.
Of KZT24 bn, allocated by National wellbeing fund Samruk-Kazyna, the bank
disbursed about 95 % of funds and refinanced 5,658 mortgage loans for a total of
KZT22,675 m.
"During the implementation of the program work load on branch network of the
bank increased several times, however, today all state funds are disbursed, and
we are satisfied with results, as thousands of our clients made their mortgage
loans cheaper, - head of business and product development department of
Kazkommertsbank Tatiana Belova said. - In some cases the sum of monthly
payment decreased 15 %".
Beginning March 2009, when the program started 8,506 people filed applications
for refinancing in Kazkommertsbank, 7,907 applications were passed to
consideration.
The most of mortgage loans was refinanced in Astana - 901 KZT4.8 bn worth.
Almaty - 552 re-signed agreements KZT4.4 bn worth, Zhezkazgan, Aktobe,
Aktau and Ust-Kamenogorsk - 395, 336, 321 and 318 refinanced loans
correspondingly.
Kazkommerstbank ended to receive applications for refinancing August 1, 2009,
the program itself will end on September 1, 2009.
Contact:
Public Relations Department,
Kazkommertsbank +7(727) 258 53 92
Quotation end
[2009-08-07]