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"Astana Finance"JSC is a leader at the market of financial services among the non-bank organizations. The Company has appeared on the market of financial services 10 years ago as an institution of development of the new capital of Kazakhstan. The first projects of JSC "Astana Finance» was related to construction and re-construction of the social infrastructure, attraction of investors to Astana, development of entrepreneurship and creation of new possibilities for work force. At that time, the Company had financed acquisition of necessary municipal equipment, development of urban amenities and beatification of new capital.
"Astana Finance" JSC was the first Company in the Republic of Kazakhstan who started to offer residential mortgage lending, solving the problem of shortage of residential buildings. The successful experience of the Company in this direction allowed broadening this type of lending through the country. "Astana Finance" JSC is the first Company that has introduced the leasing of agricultural equipment. At present, The Company takes a leading position at the market of agricultural leasing.
News
For immediate release: JSC National Welfare Fund Samruk-Kazyna (the Fund) intends to support the proposed restructuring of the financial indebtedness of JSC Astana Finance (the Company).
The Board of Directors of "Astana Finance" JSC announces the convening of an extraordinary general meeting of shareholders, which will be held on March 4, 2010 in 15:00 pm (Astana time) at: 12, Bigeldinov str., Astana, Kazakhstan.
JSC Astana Finance (the Company) is pleased to announce that it has signed a Memorandum of Understanding (the MoU) with each of the export credit agencies listed below (the ECAs), outlining the indicative terms for the restructuring of its trade finance indebtedness and that of JSC Astana Finance Leasing Company (the Leasing Company).
JSC Astana Finance (on behalf of itself and its subsidiary Astana Finance BV) is pleased to announce that it has entered into a Term Sheet (Term Sheet) with its creditors' committee (the Creditors' Committee) outlining the terms for the proposed restructuring of its financial indebtedness (the Restructuring).
JSC Astana Finance (on behalf of itself and its subsidiary Astana Finance BV) entered into a Memorandum of Understanding (MoU) with its creditors committee (the Creditors' Committee) on Friday, 16 October 2009 setting out indicative terms to be offered to creditors in a proposed restructuring. A copy of the MoU can be found at: http://www.af.kz/en/press/news/2009/10/16/563/.
updated 29.04.2009