Current Economic and Financial News
JSC 'Nurbank' and JSC 'Damu Entrepreneurship Development Fund' signed a third agreement to participate in the program supporting SMEs engaged in manufacturing. This was reported by Etoday.kz with reference to the Bank's press service.
Joint-stock company 'Nurbank' was included in the list of 13 second-tier banks that signed a credit agreement with JSC 'Damu Entrepreneurship Development Fund' to participate in the Program supporting small and medium-sized enterprises in manufacturing.
For the implementation of this program, the state allocated a third tranche of 50 billion tenge from the National Fund of the Republic of Kazakhstan, which was distributed among the program's participating banks to support small and medium-sized enterprises in manufacturing.
According to the program's conditions, funding for small and medium-sized businesses is provided for investment purposes and working capital replenishment, as well as refinancing existing business loans obtained for working capital replenishment and investment purposes, with a preferential reward rate of 6%* per annum and a maximum financing term of up to 10 years. Within the program, the Bank does not charge commissions, fees, or other payments related to the issuance and servicing of the loan.