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"Kyrgyzkommertsbank" OJSC issued its first credit under "Affordable Housing 2015-2020" Program

10 Junuary 2017

Today, at the head office of our Bank, the first credit were awarded under the program of the Government of the Kyrgyz Republic "Affordable Housing 2015-2020". The first recipient of a home loan from the bank became a serviceman of the State Border Service of the Kyrgyz Republic Mirbek Ismailov.

According to Ismailov’s words, he spent a long time in the army, in connection with which he and his family often had to move from place to place in rented house. But now, after receipt of a mortgage credit under the State Mortgage Lending, his family will live in own apartment.

Before to decide to get a mortgage, the serviceman said that he calculated his opportunities and now will pay the loan rather to pay for a rented apartment.

Moreover, Mirbek Ismailov was not only the first client of Kyrgyzkommertsbank under the program of the Government of the Kyrgyz Republic, but also the first employee of the Border Service of the Kyrgyz Republic who received a state mortgage. In conclusion, he expressed his gratitude to all the staff of "Kyrgyzkommertsbank" noting their competence and responsiveness.

From November 2016 Kyrgyzkommertsbank is a participant of the program of the Government of the Kyrgyz Republic, which is performed by the State Mortgage Company "Affordable Housing 2015-2020".

Chairman of the Board Almaz Aibalaev for his part noted that Kyrgyzkommertsbank is interested in participation in the program of State Mortgage Company. The program enables the bank to help civil servants to obtain their own housing, and financial organization, in turn, can prepare the client to new bank products.

"Clients who receive a mortgage for the first time, were not the most active users of banking services. We believe that the program will lead the bank to a population category not covered by bank services, so they can see the products which they do not know, but which are free to use "- said Almaz Aibalaev.

He added that the bank has set a goal to go to the government program smoothly, as the acquisition of property in mortgage - is a serious step, and a recipient must come to a decision carefully.

Currently Kyrgyzkommertsbank is actively working with public sector employees wishing to obtain a mortgage loan. We hope that in the near future many of them will be the owners of their own homes.


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