OREANDA-NEWS. April 22, 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:

Halyk Savings Bank of Kazakhstan and Development Bank of Kazakhstan (subsidiary of National managing holding "Baiterek") signed a bank loan agreement under the program of support for car making industry. Halyk Bank of Kazakhstan was provided with the largest volume of preferential car loans among STB – KZT4 bn.

Preferential car lending applies to cars produced in Kazakhstan priced at up to KZT5.6 million. The nominal interest rate on car loans is 4% per annum, annual effective rate (AER) with expenses on insurance and registration of vehicle – not more than 7.5% APR. for clients of Halyk Bank of Kazakhstan – participants of the salary project no initial installment is required. In other cases the initial installment is 10-20% of the car price.

Loan term – up to 5 years. Additional fees are not charged. Set of documents – minimal. Managers of Halyk Savings Bank of Kazakhstan will be available in all car stores participating in the program.

For information please dial Halyk Bank's Call-center: Almaty: +7-727-259-07-77 other cities in Kazakhstan: +7-8000-8000-59 e-mail: info@halykbank.kz