OREANDA-NEWS. April 17, 2015. Halyk Savings Bank of Kazakhstan JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: quote Halyk Savings Bank of Kazakhstan JSC continues to provide mortgage loans at reduced rates at the level of 2011.

The Bank plans to take an active part in the state program to refinance mortgage loans, implemented by Halyk Savings Bank of Kazakhstan JSC and Distressed Assets Fund JSC."

The Bank offers reduced rates on mortgage loans in tenge for the lending period of up to 30 years.

Thus, the mortgage program rates start from 12.5% (annual effective interest rate – from 14.3%); and the program to refinance mortgage loans received from other commercial banks, the rates start from 11.5% per annum.