/KASE, January 22, 15/ – Halyk Savings Bank of Kazakhstan JSC (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press-release:
quote
Halyk Savings Bank of Kazakhstan and FSE "Damu" have begun joint work on
government program for support of entities of small and medium businesses in the
manufacturing industry and services sector, related to maintenance of this
sector of economy. This program provides for utilization of funds to the amount
of KZT50 bn, provided by the government to 13 second-tier banks for support of
entrepreneurs in the manufacturing industry and associated sector service. Halyk
Bank is supposed to utilize KZT6 bn.
Under the programs loans will be designated for purchase of new fixed assets,
construction and modernization of fixed assets under projects of Final borrowers
in the manufacturing industry and service sector – at least 50 % of the Loan
amount; for replenishment of fixed assets on projects of Final borrowers in the
manufacturing industry – not more than 50 % of the Loan amount. The nominal
rate will make up not more than 6% per annum. The maximum limit per borrower –
KZT1,850 mln. The loan term – not longer than 120 months.
unquote
The full version of the press-release is available on KASE website at:
-
http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_210115_k.pdf – in Kazakh;
-
http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_210115.pdf – in Russian.
[2015-01-22]