National Management Holding KazAgro announced agroenterprises will undergo financial improvement under "Agrobusiness-2020"

29.05.14 17:11
/KASE, May 29, 14/ – National Management Holding KazAgro (Astana), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of May 28, 2014: quotation "Kazagromarketing" organized the second meeting this year of the Commission on the financial health of subjects AIC. As is well known company is the operator of subsidizing interest rates loan and lease obligations subjects APK for financial recovery program "Agribusiness in 2020 ." During the meeting, the Commission considered 55 applications submitted by a number of financial institutions, including the subsidiaries of the holding "KazAgro" and second-tier banks. Total debt on the submitted bids totaled 30.4 billion tenge. Borrowers are agribusinesses 9 regions of the country and two cities: North Kazakhstan - 12, Akmola - 6 Kostanayskaya - 7 , Aktobe - 4 , Almaty - 5 , East-Kazakhstan - 9, West Kazakhstan - 1, Karaganda - 5, Pavlodar - 1, South Kazakhstan - 2 and Astana - Almaty and 1 - 2. Following the meeting, the Commission approved 46 applications agro debt totaling 15.5 billion tenge. ends The press release full version is available on KASE website at: - http://www.kase.kz/files/emitters/KZAG/kzag_reliz_280514_kz.pdf – in Kazakh; - http://www.kase.kz/files/emitters/KZAG/kzag_reliz_280514.pdf – in Russian. [2014-05-29]