IFC provides USD 60 mln subordinated loan to ATF Bank

ALMATY.  November 17. KAZINFORM /Daniyar Sikhimbayev/ The International Finance Corporation (IFC), member of the World Bank Group, provides long-term support to ATF Bank through extending subordinated loan to the amount of USD 60 mln. The loan is directed to expanding access to small and medium businesses financing. An appropriate contract was signed by the parties in Almaty today.

IFC investments will promote accessibility of the bank services and financial products for small and large enterprises of Kazakhstan amid lack of financial resources in the country and global financial crisis. The investments will help raise the volume and diversify sources of financing, improve management of assets and liabilities.