Subsidiary Organization VTB Bank (Kazakhstan) receives additional KZT8 bn to support entrepreneurs

04.06.21 15:19
/KASE, June 4, 2021/ – Subsidiary Organization VTB Bank (Kazakhstan) (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated June 4, 2021: quote As part of the joint order of the National Bank of Kazakhstan and the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, the limit of VTB Bank (Kazakhstan) for financing a business affected by the COVID-19 pandemic was increased by 8 billion tenge. Earlier, under the Program of Concessional Lending to Business Entities, VTB has already disbursed about 11 billion tenge of the allocated limit, directing funding to such areas of the economy as wholesale trade, production and sale of building materials, warehousing and storage of non-food products, retail trade in cars and others. unquote The full press release is available on: - https://kase.kz/files/emitters/BVTB/bvtb_reliz_040621_kz.pdf – in Kazakh; - https://kase.kz/files/emitters/BVTB/bvtb_reliz_040621.pdf – in Russian. [2021-06-04]