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Saturday, August 19, 2017

Damu Fund meets with BTA Bank to discuss collaboration progress

The Almaty Development Damu Entrepreneurship Fund held a business breakfast with representatives of several banks, including BTA Bank, on Feb. 11.

The meeting included a discussion of 2013 results. Ir also included the presentation of plans for the upcoming year.

Results presented at the breakfast showed that BTA took third place among commercial banks in terms of loan portfolio at the end of 2013 as part of the warranty program. The bank saw the signing of guarantees for nine projects in the amount of $2 million.

BTA took 4th place in 2013 in the subsidy program area. It signed agreements to subsidize 110 projects, resulting in the receipt of an honorary certificate from the Damu Fund program.

BTA has been a leader in implementing government programs geared toward the support of domestic businesses. The bank ranked first in the "Business Road Map 2020" rankings for the implementation of such programs by banks receiving state support through interest rates subsidies. It ranked third in the area of guaranteed loans.

BTA also took place in the Agribusiness 2020 program in 2013. The bank also became a member of the Monotowns development program for the years 2012-2020 as part of its continued cooperation with the Damu Fund.