17.02.2009, 14:42 2312

Government of Kazakhstan passed decree on refinancing of hypothecary credits

The government of Kazakhstan passed the decree on refinancing of hypothecary credits. The decree was accepted at the government session today, the agency reports.

Astana. February 17. Kazakhstan Today - The government of Kazakhstan passed the decree on refinancing of hypothecary credits. The decree was accepted at the government session today, the agency reports.

"Today I will sign and the money, as we agreed, will be in the banks over the weekend. Since March, 1st, everyone who falls under conditions of refinancing under the mortgage should be able to do this," the Prime Minister of Kazakhstan, Karim Masimov, said.

"We have all the mechanisms existing as of today. According to the construction companies, we can apply the fixed price through the Fund Samruk-Kazyna, the free price - along with the banks of the second level, and the third mechanism - through lease," K. Masimov said.

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