Development Bank of Kazakhstan JSC

DBK allocates KZT 8 bln. for preferential auto loans Development Bank of Kazakhstan JSC (a subsidiary of Baiterek National Managing Holding JSC, hereinafter - the Bank, DBK) at the expense of budget funds provides the third tranche in the amount of KZT 8 bln. for the implementation of the Program of preferential auto loans. Financial funds for preferential auto loans to individuals have already been provided to commercial banks. In particular, to Eurasian Bank, Sberbank, Bank CenterCredit, Halyk Bank of Kazakhstan - KZT 1,875 mln., VTB (Kazakhstan) - KZT 500 mln. Loan conditions to individuals for the purchase of domestic cars: the nominal rate of return - no more than 4% per annum, the loan period - not more than 7 years, the borrowing currency - KZT, the cost of one unit of car - not more than KZT15 mln., the level of the requested initial contribution is set by commercial banks independently.