Subsidiary Organization VTB Bank (Kazakhstan) signs credit agreement with Entrepreneurship Development Fund Damu on participation in Astana Business program

06.04.17 12:57
/KASE, April 6, 2017/ – Subsidiary Organization VTB Bank (Kazakhstan) (Almaty), whose bonds are in officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote On March 29, 2017, the bank signed a credit agreement with the DAMU Fund to participate in the Regional Business Finance Program of Astana City- “Astana Business” for the amount of KZT 200,000,000 for a period of 7 years. Within this program, within 6 months starting from the receipt of funds, VTB Bank (Kazakhstan) will originate preferential loans to SME clients at a nominal interest rate of up to 8.5% per annum. The maximum loan amount for one entrepreneur is KZT 100 million. unquote Full version of the press release is available on KASE website: - http://www.kase.kz/files/emitters/BVTB/bvtb_reliz_060417_kz.pdf – in Kazakh; - http://www.kase.kz/files/emitters/BVTB/bvtb_reliz_060417.pdf – in Russian; - http://www.kase.kz/files/emitters/BVTB/bvtb_reliz_060417_en.pdf – in English. [2017-04-06]