Subsidiary Organization VTB Bank (Kazakhstan) announces opening new credit facility for Kcell

23.10.20 11:10
/KASE, October 23, 2020/ – Subsidiary Organization VTB Bank (Kazakhstan) (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of October 23, 2020: quote A leading provider in Kazakhstan's telecommunications market – Kcell JSC and Bank VTB (Kazakhstan) signed an agreement on disbursement of a non-revolving credit limit in the amount of KZT6 bn, for a period of 36 months with payment of interest in the amount of 10.7 % per annum. The company intends to use the funds received to replenish working capital, including refinancing debts in other second-tier banks. – Bank VTB (Kazakhstan) has been fruitfully cooperating with Kcell JSC since 2019. The company systematically invests in the development of its network and maintains the high quality of its services. We are always glad to cooperate with professionals in their field and express our hope that our partnership will not be limited to a couple of projects, – said Dmitry Zabello, Chairman of the Management Board of Bank VTB (Kazakhstan). unquote The complete press release is available on: - – in Kazakh; - – in Russian. [2020-10-23]