Launch of New Client Lending Program by Export Credit Insurance Company 'KazakhExport'

Launch of New Client Lending Program by Export Credit Insurance Company 'KazakhExport'

We announce the launch of a new client lending program by JSC 'Nurbank' in cooperation with JSC 'Export Credit Insurance Company KazakhExport'.

On November 30th, 2017, an Agreement on the placement of conditional bank deposits was signed between JSC 'Nurbank' and JSC 'Export Credit Insurance Company KazakhExport'. Under this Agreement, JSC 'ECIC KazakhExport' places a deposit with the Bank to finance exporting companies for working capital replenishment within the framework of export contracts. JSC 'ECIC KazakhExport' also insures the exporter's risk of non-payment by the foreign importer, thus compensating the exporter's losses.
04.12.2017