Kazkommertsbank (Kazakhstan) announces results of implementing projects under memorandum on public-private partnership with Almaty city administration and signs new memorandum
19.11.12 11:45
/KASE, November 19, 12/ - JSC "Kazkommertsbank" (Almaty), whose securities
are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press-release of November 16, 2012:
quote
At the meeting of Almaty Akim Ahmetzhan Esimov with leading Kazakhstan banks,
Kazkommertsbank has reported on implementation of projects within the framework
of the Memorandum between the Akimat and Kazkommertsbank, signed in August
2011 for decision of the issues of social and economic development of the city.
A successful experience of the state-private partnership has formed the basis for
conclusion of the new Memorandum for 2013-2014with the southern capital Akimat,
and now 8 more banks have joined this initiative.
"Last year the Almaty Akimat and Kazkommertsbank concluded the Memorandum
of Cooperation within the framework of the state-private partnership. By results
of the successful cooperation the Memorandums with already 9 banks have been
prepared for 2013-2014 to integrate efforts on development of one of the largest
cities in Kazakhstan" - said Akim Ahmetzhan Esimov n his speech.
Under the Memorandum 2011 Kazkommertsbank has implemented projects on
housing-building, construction of infrastructure facilities, development of small
and medium business for a total sum of financing 159 billion tenge. On October 1,
2012 about 60 billion tenge has been drawn, 27 billion tenge of them for
housing-building, more than 17 billion tenge for construction and completion of
infrastructure facilities, about 15 billion tenge for financing of small and
medium business and mortgage lending.
As a result 5 thousand working positions have been created, and there will be
constructed 957 thousand sq.m. of total housing area (5 159 flats) and more than
300 thousand sq.m. of infrastructure, tourism and sport facilities. Besides,
supporting socially vulnerable populations of Almaty, Kazkommertsbank has held a
number of charitable actions with the view of purchasing the equipment for
treatment of children with cerebral paralysis. The bank has also allocated funds
for supporting veterans, disabled children, physically challenged businessmen, and
financially supported the rectification of hurricane consequences in Mede natural
landmark.
"We highly appreciate the Akimat's cooperation with Kazkommertsbank within the
framework of this Memorandum. The projects implementation will give a new
impulse to the business activity, a further development of our city and
improvement of the citizens' life quality" - said Nina Zhusupova, chairman of the
Kazkommertsbank Management Board.
The new Memorandum, signed during the ceremony between Kazkommertsbank
and the Almaty Akimat, includes implementation of specific projects connected with
the "Affordable Housing" government program, supporting of small and medium
business, provision of urban amenities and ecology improvement. As a result
another 4,5 thousand new working positions are expected.
Eight other banks - Halyk, BTA Bank, Bank CentrKredit, Alyans Bank, Sberbank,
Cesnabank, Temirbank and kaspi bank - have also signed the framework
memorandums with the Akimat.
For contacts:
The Kazkommertsbank Press-service,
tel. 2585-105, ext. 57775, 57613, 57611.
unquote
[2012-11-19]