Tsesnabank (Kazakhstan) disburses funds under mortgage loan refinance program ahead of schedule
09.09.09 14:06
/KASE, September 9, 09/ - Tsesnabank (Astana), a company listed on
Kazakhstan Stock Exchange (KASE), provided KASE with a press release:
Quotation beginning
Tsesnabank has fully disbursed KZT1 bn, allocated through National wellbeing
fund Samruk-Kazyna under the mortgage loan refinance program, a month
ahead of schedule.
At the end of June after second-tier banks had finished the first stage of the
mortgage loan refinance program; un-disbursed funds were reallocated. On
May 14, 2009 Tsesnabank ahead of schedule disbursed KZT3 bn, refinancing
810 clients. The Bank received additional KZT1 bn.
At the second stage as on August 28, 2009 212 borrowers were able to refinance
mortgage loans at a more favorable interest rate. Thanks to its branches
Tsesnabank managed to organize loan refinance procedure in nearly all regions.
1,022 clients were refinanced for a total of KZT 4 bn thanks to the program. The
biggest number of approved orders was registered in Astana, Pavlodar and
Stepnogorsk - 28, 18 and 11% correspondingly. The biggest volumes were
registered in the capital - 41%, with Pavodar - 12% and Almaty - 10%.
"Tsesnabank is an active and reliable agent of state-run programs intended to
support Kazakhstan citizens. We are always good at disbursing funds, so that our
clients receive aid and benefit in terms", - bank chairman Dauren Zhaksybek
said.
Positively, amidst the crisis government support was helpful for financial
standings of borrowers and the whole country. In this regard Tsesnabank
announced its readiness to further cooperate with Samruk-Kazyna for the sake of
the domestic economy.
Tsesnabank was founded in 1992 and is the only commercial Kazakhstan bank
based in Astana. The bank enjoys 18 branches and 59 service points in
Kazakhstan. As on August 1, 2009 bank assets in accordance with IFRS totaled
KZT148.74 bn, own capital - KZT16.07 bn. Net income reached KZT872.67 m.
Tsesnabank,
Address: 29, Pobeda ave., Astana, 010000
Call Center: 8 800 080 2525 (calls are toll free throughout Kazakhstan)
tel.: +7 (7172) 770-770; fax: +7 (7172) 770-195
www.tsb.kz, e-mail: info@tsb.kz
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[2009-09-09]