Almaty
Nurbank has completed the utilization of funds allocated by the Sovereign Wealth Fund 'Samruk-Kazyna' for refinancing personal mortgage loans.
Previously, in July 2009, Nurbank signed an agreement with JSC 'Sovereign Wealth Fund Samruk-Kazyna' and became a participant in the State Program for Refinancing Mortgage Loans.
Within the program's framework, JSC 'Sovereign Wealth Fund Samruk-Kazyna' allocated 1 billion tenge to JSC 'Nurbank' for the purpose of refinancing personal mortgage loans, with a deadline of October 1, 2009.
As of October 1, 2009, JSC 'Nurbank' approved 379 applications for a total amount of 1 billion tenge under the mortgage loan refinancing program.
The funds allocated by the Sovereign Wealth Fund 'Samruk-Kazyna' for refinancing personal mortgage loans were utilized by JSC 'Nurbank' within the established timeline.