/KASE, July 13, 2017/ – Subsidiary organization Bank VTB (Kazakhstan) (Almaty),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release:
quote
On July 1, 2017 the Mortgage Organization "Kazakhstan Mortgage Company" JSC
(KMC JSC) and VTB Bank (Kazakhstan) signed a memorandum of cooperation in the
implementation of Nurly Zher Housing Construction Program aimed at providing
the country's population with affordable housing by subsidizing mortgage loans.
- Now the clients of our bank will be able to receive a housing loan on very
favorable terms. The final interest rate for a mortgage borrower is 10%, and the
clients are completely exempt from bank charges. For residents of Almaty and
Astana the maximum loan amount is 20 million KZT, for residents of Kazakhstan
regions - 15 million KZT, for a period up to 15 years, - said Deputy Chairman of
the Management Board - Member of the Management Board Nikolay Suganyaka.
The mortgage loan initial contribution under Nurly Zher Program will be 30%.
The loan is granted in the national currency and only for the purchase of
primary housing.
unquote
The full press release is available on KASE website –
http://www.kase.kz/files/emitters/BVTB/bvtb_reliz_130717_en.pdf
[2017-07-13]