/KASE, April 27, 2020/ – Subsidiary Organization VTB Bank (Kazakhstan) JSC,
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release of April 27, 2020:
Since the introduction of the state of emergency in the republic, VTB Bank
(Kazakhstan) has been taking a series of measures aimed at supporting the
country's entrepreneurs who suffered from the coronavirus pandemic. Currently,
VTB has approved 200 loan deferral applications for SMEs, or almost 90% of the
total mass of applications received.
In addition, in early April, the bank became a member of the state program of
preferential lending to small and medium-sized businesses, aimed at supporting
business during the state of emergency. The allocated limit for the bank
amounted to 9 billion tenge.
As part of this program, about 1 billion tenge have already been allocated to
end borrowers at a minimum interest rate of up to 8% per annum. Funding is
provided without charging any fees. Among those who received preferential
loans, are entrepreneurs from sectors of the economy such as trade and
production of construction materials.
The complete press release is available on KASE website:
– in Kazakh;
– in Russian.