Subsidiary organization Bank VTB (Kazakhstan) announces participation in housing construction program Nurly Zher

13.07.17 12:36
/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]