Subsidiary Bank Sberbank of Russia starts considering applications and disbursing loans under updated government mortgage scheme "Baspana Hit"

/KASE, December 30, 2020/ – Subsidiary Bank Sberbank of Russia (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated December 30, 2020: quote Sberbank is the leader among Kazakhstan's second-tier banks in terms of issuing mortgage loans under the Baspana Hit program, having disbursed about 24,600 loans worth over 205 billion. Currently, according to Kazakhstan Sustainability Fund, banks participating in this mortgage scheme have disbursed more than 35 thousand mortgage loans in the amount of more than KZT300 billion. The most loans were disbursed in Nur-Sultan, Almaty and Karagandy region. The Bank expects that participation in the updated program will allow it to further strengthen its position in servicing clients who purchase homes under this popular government scheme. According to the new terms of the program, approved by the National Bank, the upper limits for home prices in the primary market in the cities of Nur-Sultan and Almaty were increased from 25 million to 35 million tenge, and for primary and secondary housing in Shymkent – up to 25 million tenge and in Karagandy – up to 20 million tenge. In addition, now citizens of Kazakhstan can apply for a mortgage for the purchase of housing as part of joint development in a second-tier bank project or with a guarantee of the single operator of housing construction. Sberbank has already begun considering applications and disbursing loans of increased amount, and from the beginning of 2021 it will begin to fund the acquisition of housing under joint development projects. As of the twentieth of December, during the entire period of the bank's participation in financing state mortgage schemes, it disbursed 31,160 mortgage loans in the amount of more than 281 billion tenge. unquote [2020-12-30]