OREANDA-NEWS. November 16, 2009. Kazkommertsbank (Almaty), securities of which are present in Kazakhstan Stock Exchange (KASE) official list, informed KASE that Kazkommertsbank launches the special program of the bank borrowers loans refunding, which are Coroiporation KUAT sharers, reported the press-centre of KASE.

The rfunding volume at the expense of the bank is KZT1 bn.

Applications for refunding will be considered for sharers of those KUAT buildings, the construction completion of which will be funded by Kazkommertsbank, including allocated resources of Stress Assets Fund. These housing complexes are Grand Alatau 2 and 4 sports, Sairan 2, 20, 42, 46 blocks, 29 block 2nd line, Ush Tobe.

According to refubnding terms the loan interest will be cedreased to 11% APR.

The mecessary terms of this program:

- agreement of shared participation signed for purchasing of housing in Corporation KUAT buildings;

- absence of delaid debts at the refunding date.