OREANDA-NEWS. December 23, 2009. ATFBank (Almaty), listing on the Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

At the end of October this year after detention of General Director of AllianceStroyInvest Mr Naymanov construction stopped at a number of sites of the company and, accordingly, ATFBank ceased to finance the projects.

After pre-trial restriction in respect of Naymanov had been changed, ATFBank resumed financing sites Lesnaya Polyana, Infinity, Gratsia, ASI 33/23 in Astana and Akmola oblast.

ATFBank and Construction Company AllianceStroyInvest began joint cooperation in 2002. Since that time AllianceStroyInvest commissioned over 15 residential and commercial sites, over 320 th square meters and over 4,000 apartments.

On May 8, 2009 ATFBank released funds to finish construction in Akmola oblast (Lesnaya Polyana) and sites in Astana (Kenesary, Gratsia) for a total of USD11.1 m.

On September 9, 2009 Real-estate fund Samruk-Kazyna, AllianceStroyInvest and ATFBank signed an Agreement on mutual cooperation in construction of sites in Astana for a total of KZT6.6 bn.

Under the agreement ATFBank engaged an international firm to conduct technical audit. The firm proved accuracy of the data presented by AllianceStroyInvest regarding readiness of the sites and funds required to finish the construction.

Currently the company is in talks with Real-estate fund Samruk-Kazyna on financing of construction of site Lesnaya Polyana.