/KASE, July 3, 2017/ – Subsidiary Bank of Sberbank of Russia (Almaty),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated July 3, 2017:
quote
Sberbank announces the start of issue of mortgage loans in the framework of
participation in Nurly Zher state program. Sberbank's customers will receive
unique terms. After the end of the period of state subsidies, the loan rate for
borrowers will be 10.5%.
According to the terms of Nurly Zher program, the state subsidizes through the
financial agent, MO Kazakhstan Mortgage Company JSC, the part of interest on
mortgage loans with the interest rate of banks no higher than 17% per annum.
The subsidy up to 7% of the interest rate is provided. The term of the state
subsidy is 10 years.
unquote
Press release is available on KASE website:
-
http://www.kase.kz/files/emitters/SBER/sber_reliz_030717_kz.pdf – in
Kazakh;
-
http://www.kase.kz/files/emitters/SBER/sber_reliz_030717.pdf – in Russian;
-
http://www.kase.kz/files/emitters/SBER/sber_reliz_030717_en.pdf – in
English.
[2017-07-03]