JSC Housing Construction Savings Bank of Kazakhstan plans by 2015 to increase the number of concluded contracts on housing savings of up to 600 thousand

/IRBIS, July 9, 2010/ - JSC "Housing Construction Savings Bank of Kazakhstan plans for 2010-2015 to increase the number of concluded contracts on housing savings of up to 600 thousand from the current 184 thousand, the deputy chairman of the bank Mr. Maulen Utegulov, today reported IA" News -Kazakhstan ". As indicated, one of the main priorities approved in 2009, the bank's development strategy for 2010-2015 is to increase the share of Kazakhs in the system of housing savings of up to 6% of the economically-active population. "In absolute terms the figure is about 600 thousand contracts on housing construction savings ... Thus, the bank plans by 2015 to reach 600 thousand people a system of housing construction savings, so they can improve their living conditions," - he explained. At present portfolio consists of 184 thousand housing savings contracts for a total contract amount of KZT301.8 billion, which is 1.5% of the economically- active population of the republic. As part of this strategy, the bank plans to increase its share in total deposits in the banks of the second level from the current 1.6% to 3.3%, and boost market share in loans for the construction and purchase of housing with 6.5% to 8.2%. In turn, Chairman of the Board "Construction Savings Bank" Mrs. Nurbubi Nauryzbaeva, speaking about the quality of its loan portfolio, noted that it is better than the market average. According to her the amount of loans for which there are delinquent payments, the order of KZT2.9 billion, which is about 5% of the total loan portfolio. The amount of direct payments in installments of about KZT1.7 billion, or 3% of the portfolio. Following 2009, the bank posted a net profit of $ 182.765 bln 170.319 bln against the year 2008. [2010-07-09]