JSC Development Bank of Kazakhstan plans to send in the current year $ 300 million in lending to second-tier banks

/IRBIS, March 17, 2010/ - JSC "Development Bank of Kazakhstan plans to send in the current year $ 300 million at 6.8% APR for loans of second tier banks, said today Chairman of the Board Ghali Izcalli, said in a message BNews.kz. "We set a goal for at least 300 million dollars this year with the banks to learn," - said G. Izcalli. It is reported that these funds will be issued for a term of 5 to 15 years at 6-8% per annum. Getting credit program is scheduled for April this year. The amount of the loan for one borrower is $ 5-50 million sums as may be provided to each individual bank in the second level will depend on its rating and limit the commercial banks for each of them. "Our preference would not be. We can lend to all banks. Simply limits them, of course, be different" - noted G. Izcalli. [2010-03-17]