Alliance Bank (Kazakhstan) announces funding for SME under Asian Development Bank investment program

30.09.11 16:44
/KASE, September 30, 11/ - Alliance Bank (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of September 30, 2011: quote JSC "Alliance Bank" announces new financing programme for small and medium businesses under the Asian Development Bank (ADB) investment program. The deal was preceded by an ADB-led selection amongst Kazakh second-tied banks. Eventually three banks were appointed as partners, including Alliance Bank, yet another time highlighting investors' increased trust in the Bank. ADB, under a Loan Agreement between Alliance Bank and Entrepreneurship Development Fund DAMU, will dispense KZT7.4 bn for up to 60 months. unquote The full version of the press-release is available on KASE website, at [2011-09-30]