State Committee for Economy Modernization studies lending issues

The participants studied several problems of lending to agroindustrial businesses. KazAgro National Holding CEO Assylzhan Mamytbekov informed the members of the Committee of lending to agroindustrial entities. Up to date KazAgro National Holding has received applications to the amount of KZT 84,7 bln. Projects to the amount of KZT 54,7 bln have been aproved. The Committee was suggested to redistribute limits for the warranty commitments of second-tier banks on the agroindustrial businesses' loans. The Committee considered a suggestion on including Kazinvestbank JSC into the group of banks participating in the program of current lending to agroindustrial companies. On the whole the members of the Committee approved the recommendations and the course of lending to agroindustrial entities.