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Home > Press service > News > 2009 > 11 > 18 > JSC Astana Finance signs a Memorandum of Understanding with its Export Credit Ag...

JSC Astana Finance signs a Memorandum of Understanding with its Export Credit Agency Creditors to restructure Astana Finance's trade finance indebtedness

18.11.2009 Press Service,

2009 november
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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).

Under the MoU, the ECAs will consider continuing to provide financing, subject to due diligence, customary conditions and approvals, to the Leasing Company within the scope of its and their respective normal activities. This is a significant sign of support for the Leasing Company, which will enable it to consolidate its existing market position as the Kazakhstan economy exits the current downcycle.

The ECAs comprise Export-Import Bank of the United States, Export Development Canada, ONDD, Finnvera Plc., KUKE, CESCE Seguros de Credito, Swiss Export Risk Insurance (SERV) and Euler Hermes Kreditversicherungs-AG.

The Company is pleased with the progress achieved to date, wishes to thank the ECAs and all of its other creditors for their continued support, and looks forward to completing the proposed restructuring of its financial indebtedness in the near future. The  will be available on the Company's website: www.af.kz The MoU is already available here


01.06.2010

Astana-Finance JSC Made Donations to Children’s Fund "Ymit Nadezhda"

In anticipation of the International Children's Day Astana Finance JSC following principles of humanism, ideals of goodness and justice made donations to Children’s Charity Fund "Ymit-Nadezhda" in Kokshetau.

Press Service of Astana Finance JSC,
06.05.2010

Appointment of new Management Board

For immediate release: JSC Astana Finance (the Company) wishes to announce the appointment of the following members of the Management Board of the Company with effect from 5 May 2010:

Press service,
06.05.2010

Management bodies of "Astana-Finance" JSC subsidiaries underwent changes

May 5, 2010 saw the meeting of the Board of Directors of "Astana-Finance" JSC (hereinafter - the "Company") on which the decision on staff changes in the management bodies of subsidiaries was taken.

Press service,
06.05.2010

INFORMATION STATEMENT Notification of Holding Extraordinary General Meeting of "Astana – Finance" JSC Shareholders

The Board of Directors of "Astana – Finance" JSC (further – the "Company") situated at the following address: 010000, the Republic of Kazakhstan, Astana, 12 Bigeldinov str., has taken a decision on holding an extraordinary general meeting of the shareholders of "Astana – Finance" JSC with the following agenda: Composition of the Board of Directors of "Astana – Finance" JSC.

Press service,
13.04.2010

Bank-Conglomerate Astana Finance signed a multilateral agreement with FSA

FSA signed an agreement with the members of Bank-Conglomerate Astana Finance

Press service,
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updated 19.11.2009



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