Bank VTB (Kazakhstan) Provided 800 Million Tenge to Finance Project of Construction of Socially Significant Facility in Astana

13.07.2016 “MTS Company Ltd” LLP and SO JSC Bank VTB (Kazakhstan) have signed a contract for allocation of a credit line in the amount of 800 million Tenge for construction of a residential complex in the center of Astana, the capital of Kazakhstan.

Construction of a modern three-entrance apartment building with an underground parking lot, playground and landscaping in Astana City, at the crossing of Ainakol Street and No.23-17 Street, began in March 2016. The construction is carried using the latest technologies and high-quality materials. The developer has been able to skillfully combine quality, aesthetics and acceptable cost of the housing. All utilities of the complex are centralized. The project provides its own transformer substation, heat supply station, pumping station, automatic fire-extinguishing system, and alarm system for control of evacuation of the people. The utilities are made of high-quality materials using modern installation technologies. The equipment used in the project provides effective operation of the utilities and networks. Energy-saving technologies are also provided.

“MTS Company Ltd” LLP has been successfully working in the market of Kazakhstan for over 12 years. During this period the company has built and commissioned multiple facilities, participated in construction of roads of republican significance, “West Europe – West China” transport corridor and many other projects. The Company has demonstrated sustainable growth and ongoing increase of net profit. We see that the correct economic policy of the Company helps to not only avoid the crisis and reduction of the number of employees, but to reach growth in rather difficult economic conditions,” Asem Kenzhebek, a member of the Supervisory Board of Bank VTB (Kazakhstan), Head of the Corporate Unit, said. She added that all the aforementioned things and the positive experience of “MTS Company Ltd” LLP in implementation of socially significant projects allowed the Company to start this joint project.

The parties seek to establish strategic long-term partnership as part of which they could together take part in development and implementation of interesting projects and social and economic programs in the country.

“During our work in the Kazakhstani market we have obtained sufficient experience of communication with financial institutions. Trying to find finance for the new project we have applied to a few banks of Kazakhstan. In the process of consideration of the offers we decided that cooperation with Bank VTB (Kazakhstan) would be the most fruitful”, Mykhanov Talgat Sartayevich, the First Director of “MTS Company Ltd” LLP, said. “We’ve been attracted by the professionalism of the employees of the Credit Department, their competent approach to solution of problems, promptness and skills of striking a compromise. Besides, it took us minimum time to start cooperation. Due to effective and flexible system of business processes and weighted approach to risk management the Bank promptly reacts to changes and provides its customers with optimal products.”

Subsidiary VTB Bank JSC (Kazakhstan) is a member of VTB international financial group. The Bank has successfully worked more than 6 years in the financial market of Kazakhstan. To date, Subsidiary VTB Bank (Kazakhstan) has a branch network, consisting of 37 structural subdivisions, 17 of which are branches. The Bank's Central Office is located in Almaty.
The license of the National Bank of the Republic of Kazakhstan No.1.2.14/39 dated December 23, 2014.