Kazakhstan National Bank starts financing UAPF’s assets

Kazakhstan National Bank starts financing UAPF’s assets

Investment of UAPF’s pension assets in financial instruments of quasi-public sector’s subjects and commercial banks of Kazakhstan is carried out on a returnable basis at market interest rates, Kazinform reports citing the National Bank’s press service. In particular, the funds will be used to finance the needs of small and medium business in working capital and refinancing of loans. The monitoring of the utilization and targeted use of the invested funds by second-tier banks will be carried out by the Damu Fund which has a considerable experience.

 

 

 

Photo: etoday.kz


×