business and economy

IFC lends $60 million to ATF Bank

By SRI ⋅ November 18, 2009 ⋅ Email This Post Email This Post ⋅ Print This Post Print This Post ⋅ Post a comment

(SRI) - The International Finance Corporation (IFC) has lent $60 million to ATF Bank, Kazakhstan’s fourth largest bank, to facilitate small business financing, the bank said on Tuesday.

“The IFC investment will help make banking services and financial products more accessible to small and medium-size Kazakh companies at a time when financial resources in the country are limited,” ATF Bank said in a statement.

ATF Bank is a subsidiary of Italian banking group Unicredit.

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