BTA Bank's subsidiary-Temirbank (Kazakhstan) effective at mortgage loan refinance program

26.08.09 13:16
/KASE, August 26, 09/ - BTA Bank's subsidiary-Temirbank (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), issued a statement: Quotation beginning August 26, Temirbank summarized preliminarily on disbursement of funds issued by the government under the second stage of the mortgage loan refinance program. By the time being the bank disbursed over KZT2 bn. At the end of June, as second-tier banks had finished the first stage of the program, funds not disbursed were re-allocated. Temirbank on May 14, 2009 disbursed KZT3 bn ahead of schedule having refinanced 764 loans, and National wellbeing fund Samruk-Kazyna on July 1 issued to the bank additional KZT3 bn. Currently the bank has refinanced 528 mortgage loans for over KZT2 bn. Temirbank is one of the ten largest Kazakhstan-based banks. The bank has branches in 21 regions and renders a full range of banking services. Press Service, 2587889 (ext 5335) Quotation end [2009-08-26]