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National Bank allots KZT20 bln for car loan program

18 October 2019 13:45
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National Bank allots KZT20 bln for car loan program

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.

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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.


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