ATFBank intends to increase the share of small and medium enterprises in its loan portfolio up to 50% in 2-3 years
21.10.03 00:00
/Kazakhstan today, October 21, 03/ - ATFBank intends to increase the share of
small and medium enterprises in its loan portfolio from current 35% to 50% in
2-3 years. Timur Isatayev, the Acting Chairman of ATFBank, informed about this
fact today, on October 21 in Almaty.
In addition, T.Isatayev predicts that significant part of that increase will be
related to realization of a new program of ATFB - "Franchising in Kazakhstan",
which bank undertook in cooperation with Kazakhstan Association of Franchising.
Moreover, speaking about the loan portfolio structure of the bank at present
time, T.Isatayev informed that 8-10% is the share of retail businesses and the
rest nearly 55% falls at account of large enterprises.
However, as T.Isatayev stressed the volume of large enterprises financing will
be gradually reduced by the bank, due to which its share in total loan
portfolio will decline as well.
ATFBank is in the list of the first second-tier banks composed by the National
bank of Kazakhstan. There are bank's branches in 11 cities of Kazakhstan.
[2003-10-21]