Bank RBK announces concluding memorandum on cooperation in housing construction with Baiterek Development

23.09.15 13:01
/KASE, September 23, 15/ – Bank RBK JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote Bank RBK JSC and Baiterek Development JSC (subsidiary of managing holding "Baiterek") have concluded a memorandum on cooperation. On behalf of Bank RBK Chairman of Management Board Timur Sharipov has signed the document. The memorandum's objective is cooperation of parties for development of close commercial relations during funding of organizations involved in implementing the Regions development program until 2020 approved by resolution of the government of Republic of Kazakhstan of June 28, 2015. Baiterek Development JSC acts as an operator of that program in part "Housing of Kazakhstan mortgage company JSC" and ensures organization of construction/purchase of housing units, including technical surveillance in all stages of construction, inspection and commissioning of rental housing. According to terms of the memorandum, the parties have agreed to cooperate in terms of issuing advance payment refund guaranties to be concluded for implementing the Regions development program until 2020. Contact for media: Press-service of Bank RBK JSC tel. +7(727) 330-90-30, ext.: 1518 shen_v@bankrbk.kz akhremushkin_v@bankrbk.kz www.bankrbk.kz unquote [2015-09-23]