Subsidiary Bank Sberbank of Russia launches new mortgage scheme "Residential Loan with Equity Participation"

/KASE, September 18, 2017/ – Subsidiary Bank Sberbank of Russia (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with a press release dated September 18, 2017: quote Sberbank jointly with developers has launched a new mortgage program Residential Loan with Equity Participation. Now customers can purchase an apartment during the construction phase at a favorable price. Developers can attract money from equity holders in the framework of Residential Loan with Equity Participation program. According to the Law of the Republic of Kazakhstan "On Equity Participation in Residential Construction" developers guarantee future tenants full and timely fulfillment of their obligations. "The new housing program is attractive for the population because at the stage of construction the prices for apartments are lower by 25% at average, respectively, and the loan debt burden for customers will be less. This year, the mortgage market has entered an active phase. We observe an increased demand among the population for the purchase of apartments. I would like to note that Sberbank is the first commercial bank to offer its customers the opportunity to purchase apartments in a newly constructed facility", Aleksey Akimov, Deputy Chairman of the Management Board of SB Sberbank JSC, notes. Terms of Residential Loan with Equity Participation program: Lending term: - Up to 240 months with full financial analysis of a customer; - Up to 180 months with partial financial analysis of a customer. Interest rate on the loan: - Interest rate - 15.1% (AEIR-16.8%); Please find out more details about Residential Loan with Equity Participation program having called the call center by number +7 (727) 250-30-20, and also at the manager in the nearest outlet of Sberbank. SB Sberbank JSC is a part of Sberbank international group. The Bank has ten-year successful experience in the financial market of the Republic of Kazakhstan and takes 4th place in terms of assets among second-tier banks of the Republic of Kazakhstan. Nowadays, SB Sberbank JSC has a branch network of 83 structural subdivisions, 16 out of which are branches. The central office of the Bank is located in Almaty. www.sberbank.kz For more information please contact the following persons: SB Sberbank JSC Yekaterina Kupreyeva +7 (727) 266 35 68 (ext. 502499) Моb:+7 702 18 16 127 e-mail: yekaterina.kupreeva@sberbank.kz Yevgeniy Kruglik +7 (727) 266 35 68 (ext. 501237) Mob:+7 707 75 00 681 e-mail: yevgeniy.kruglik@sberbank.kz unquote [2017-09-18]