Development Bank of Kazakhstan disburses KZT11.0 bn from Kazakhstan's National Fund to support domestic car assembly enterprises

12.01.16 11:40
/KASE, January 12, 16/ – Development Bank of Kazakhstan JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of January 11, 2016: quote Under the New economic policy "Nurly Zhol", Development Bank of Kazakhstan (subsidiary of National managing holding "Baiterek" JSC, hereinafter – the Bank, DBK) disbursed KZT11 bn from the National Fund in order to support domestic car assembly enterprises. These funds were transferred to four commercial banks for further provision of loans to individuals for purchase of cars assembled in Kazakhstan. unquote The full press-release is available on KASE in Russian, at http://www.kase.kz/files/emitters/BRKZ/brkz_reliz_110116.pdf [2016-01-12]