OREANDA-NEWS. May 25, 2009. Kaspi Bank (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

Retail credit leader, kaspi bank signed a cooperation agreement with a trade chain Sulpak. Thus, kaspi bank is the only bank, represented in all regions, and large Kazakh trade chains.

Kaspi bank issues roughly 25,000 credits monthly allowing acquiring equipment, receiving education, and improving life. In 2009 the bank plans to increase crediting by two times.

- The bank enjoys the most developed branch network among Kazakh banks, - kaspi bank head Mikhail Lomtadze says. - The bank has been for long time in cooperation with large Kazakhstan retailers "Planeta Electroniki", "Tekhnodom", "Alser", and regional chains "Belyi veter", "Mechta" and etc. The bank has about 2,000 such partners. Cooperation with Sulpak is an important step towards our clients, as it makes kaspi bank the only bank, which is represented in all Kazakhstan regions, and in all large trade chains. Kaspi bank is constantly striving to be the closest, most comfortable and available bank for ordinary citizens.

Sulpak is largest Kazakhstan domestic equipment and electronic chain. The chain has the most shops, which will allow kaspi bank to significantly extend its presence on the market and correspondingly increase credit volumes.

- We feel confident cooperation with the best retail bank enjoying large branch network will be mutually profitable, - Sulpak's executive director Oleg Raykov says. - Thanks to interesting credit programs of kaspi bank, we can attract new buyers and potentially increase sales by 15-20 %.

- Sulpak's slogan - "Low price territory", - Oleg Raykov continues. - And we intend to retain price policy and wide assortment in our retail points, and therewith, increase the number of buyers. Sulpak is a leader in terms of numbers of shops, assortment and service maintenance.

According to kaspi bank, the most popular trade brand sold on credit is LG, equipment of which is the most available. Samsung and Indesit are runners-up.

The most popular equipment bought on loans is first need equipment: TVs, fridges, washing machines, stoves, and then equipment making life comfortable: vacuum cleaners, home theaters etc. However, it is computers that are purchased most as consumers want all new and perfect.