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09.01.2012 17:21 #Corporate events

Alliance Bank (Kazakhstan) completes restructuring debts of its SME clients

/KASE, January 9, 12/ - JSC "Alliance Bank" (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of January 6, 2012:

quote

Alliance Bank JSC has summed up the offer for customers of SME sector "To repay debt without fine and interest" passing in two stages from April to December 31, 2011.

229 customers of the Bank used opportunity of the offer conditions repaid in total more than KZT 730 million under principal debt.

Bank's customers of SME sector having overdue of payments had some variants of debt restructuring depending on the share of repaid principal debt.

unquote

The full press-release is available on KASE website, at:

[2012-01-09]