Deputy Chairman of the National Bank of Kazakhstan Akylzhan Baimagambetov spoke about the financing of state programs during the round table on the results of the development of financial sector during the coronavirus pandemic.
According to him, the National Bank of Kazakhstan has been financing the state programs to the tune of KZT 2.3 trillion, which is over 50% of the total anti-crisis package. The bank proceeds with the preferential mortgage program “7-20-25” developed in 2018. He said that financing for economics of simple things programs had been increased by KZT 400 billion, to KZT 1 trillion, and to KZT 800 billion of preferential lending program for entrepreneurs. The National Bank of Kazakhstan provided KZT 600 billion to finance anti-crisis measures to support business activities and employment as part of the Employment Roadmap 2020-2021. It also allocated KZT 390 billion to promote housing construction and preferential home loans within “Nurly zher” and “5-10-20” programs. (Kazinform/Business World Magazine)
