OREANDA-NEWS. June 01, 2010. UniCredit Group is allocating EUR100 m to develop trade in Kazakhstan, reported the press-centre of KASE.

- Trade financing services for importers and exporters

- The UniCredit is opening access to Kazakh companies to global markets

The UniCredit Group is allocating EUR100 to support trade in Kazakhstan through its subsidiary ATFBank. Thanks to this initiative ATFBank may offer short-term trade financing services on attractive terms to enter global capital markets.

The decision of the UniCredit Group shows solid commitment of the Group to development of Central and Eastern Europe economies.

ATFBank announced a new initiative to support trade in Kazakhstan. With access on global markets through the UniCredit Group, ATFBank may provide its clients with services on high-competitive beneficial terms. EUR100 m funds will be spent for financing transactions at any trading stage.

"The largest banking group in the central and eastern Europe, the UniCredit is fully committed to development of the economies in the countries of its operation. Support of economy growth is a reasonable step", commented Rustam Yakupbaev, managing director, a member of the management board in ATFBank. "We are providing importers and exporters with opportunities opened by ATFBank, and receive access to cheaper financing".