OREANDA-NEWS. November 01, 2010. Qishloq Qurilish Bank (QQB) open joint-stock commercial bank took active participation in 2nd National Exhibition of Living Houses Projects for rural population.

Within the framework of the event Qishloq Qurilish Bank rendered consulting services, bank experts provided information on issue of preferential mortgage credits to rural population.

Presently, Qishloq Qurilish Bank provides preferential 15 year credits worth 1,000 minimal wages, approximately 45 million soums, at 7% APR. At that, the borrower extends its salary for repayments of credit and accrual interest, these funds are exempted from income tax. In addition, the borrower enjoys six month period of grace.

As Jasurbek Kambarov, Head of Strategic Development Department of Qishlok Qurilish Bank, emphasized in his interview to our correspondent, 6,800 typical houses at the total sum of 428.5 billion soums have already been built in rural area in 2010.

At that, the bank extended preferential mortgage credits worth 256.3 billion soums to the population. Presently, these houses are subjects to rent. Such results indicate significant progress in this direction. To compare, 847 houses worth 50.5 billion soums were built in 2009.