OREANDA-NEWS. December 01, 2009. ATFBank (Almaty), securities of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the following press release, reported the press-centre of KASE:

ATFBank launches the new program of small and medium size businesses crediting "BUSINESS-CREDIT to increase circulating assets".

The program goals is to provide financial support to small and medium size businesses subjects and increase of loyalty to potential borrowers given the financial and economic situation, using the interest free floating rate based on the KazPrime*-3M indicator. Application of the KazPrime-3M allows significant decrease of loans cost.

Within the program legal entities - small and medium size businesses subjects - will be able to receive loans in the national currency tenge with the interest rate from 15% APR (the interest efficient rate - from 18% APR). The program is effective across the country in 17 cities, where ATFBank has affiliates.

* KazPrime - an average value of KZT offering rates on inter-bank market deposits among banks with the best for Kazakhstan credit quality. KazPrime is calculated daily based on quotations with the minimum volume of KZT150 m with the possibility of making deals on set quotes with  deposits terms 7, 14, 30, 60, 90 days.