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National Bank allots KZT20 bln for car loan program

18 October 2019 13:45

ALMATY. KAZINFORM - The National Bank of Kazakhstan has allocated KZT20 billion for a car loan program to support the domestic auto industry, Kazinform correspondent reports.

The program for lending cars of domestic production provides for the allocation of KZT20 billion annually. The program will be active for 5 years (from 2019 to 2023).

The funds received will be directed by the Development Bank of Kazakhstan to second-tier banks for further lending.