Competitive solutions by Bank TuranAlem in the field of SME lending in Kazakhstan presented at republican conference26.04.2006 / Press-service
JSC "Bank TuranAlem" took part in republican conference "Participation and development of small and medium enterprises in non-specialized assets of large Kazakhstan companies". Bank TuranAlem presented new schemes of SME financing. The programme was designed for Central Kazakhstan region and heads for development of enterprises in social sector and companies ready to be contractors for large industrial companies of the region.
The main advantage of the financial scheme is lower interest rates than from second-tier banks credits and the opportunity to finance starting business of JSC "Mittal Steel Temirtau" contractors, including those without necessary guarantees.
Except SME sector, the programme will allow to develop import substitution in the region. The project was developed in close partnership with "Ispat Karmet SME Resource" company.
The organizer of conference is Kazakhstan’s National Association of businessmen and employees - "Atameken". Vice-minister for industry and trade, Aset Esekeshev, governor of Karaganda region Nurlan Nigmatulin, CEO of "Mittal Steel Temirtau", Nawal Kishore Choudhary and over 150 representatives of SMEs participated in the conference.