/KASE, June 19, 15/ – Kazkommertsbank JSC (Almaty), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release of June 18, 2015:
quote
Kazkommertsbank (hereinafter – the Bank) signed a bank deposit agreement
with Bad loans fund JSC for placement in the Bank of KZT38.1 bn for 20 years
under the government program of mortgage refinancing. The funds received will
be directed to refinancing of debts on mortgage loans of clients of the Bank,
BTA Bank and BTA Ipoteka.
According to terms of the program, mortgage loans can be refinanced which
were obtained from January 1, 2004 to December 31, 2009 secured with real
estate or land plot and meant for consumer purposes under pledge of real estate
or land plot.
unquote
The full version of the press-release is available on KASE website in Russian at
http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_180615.pdf
[2015-06-19]