Head office in Almaty

+7 (727) 344 12 22

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8 800 080 44 48

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+7 (727) 344 12 00
+7 (700) 344 12 92
sb@kmc.kz

Jun 28, 2017 2:53 PM
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Partnership with Banks

Partnership with Banks
A major activity of the Company is to acquire long-term mortgage loan receivables from partner banks, as well as to attract long-term resources for mortgage lending, including those obtained by issuing the Company's own mortgage-backed securities.

General Information

With the aim of developing mortgage lending as part of the Concept of long-term housing finance and mortgage lending development, the Kazakhstan Mortgage Company, JSC was established by the decision of the Managing Board of the National Bank of Kazakhstan on December 29, 2000.

The main purpose of creating the Company was to refinance second-tier banks by issuing mortgage bonds, thus allowing to provide quick credit repayments and solve the liquidity problem of the financial institutions involved in mortgage lending, as well as to ensure the availability of mortgage loans to citizens.

A major activity of the Company is to acquire long-term mortgage loan receivables from partner banks, as well as to attract long-term resources for mortgage lending, including those obtained by issuing the Company's own mortgage-backed securities.

The Company's main objectives are: expading mortgage lending volumes, extending credit terms, making down payments smaller.