OREANDA-NEWS. August 23, 2011. Almaty City Administration (Akimat) and Kazkommertsbank signed a memorandum of public-private partnership to address issues of social and economic development of Almaty city. The document was signed by Mr. Akhmetzhan Yessimov, a Governor of Almaty city and Ms. Nina Zhussupova, Chairperson of Kazkommertsbank, reported the press-centre of KASE.

Within the frame of the social and economic development program of Almaty city for the period of 2011 - 2012, Kazkommertsbank is planning to direct about KZT150.0 billion to finance housing construction (up to KZT 75.0 billion), construction and completion of infrastructural projects including hotels and projects related to tourism and sport (up to KZT 60.3 billion),  SME financing and mortgage lending (up to KZT 14.7 billion) and well as sponsorship and charity (up to KZT 0.03 billion).