OREANDA-NEWS. On October 03, 2007 BANK CASPIAN JSC (Almaty), shares and bonds of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list had provided KASE with the press-release in which is informed that bank had signed the general agreement about partnership with Financial Center JSC, reported the press-centre of KASE.

According to message, in accordance with mentioned agreement bank received an opportunity to credit students on new terms, and exactly for taking of educational credit is not necessary to pledge the paraphernalia, interest rates are reduced, term of crediting is increased to 15 years.

"For today the program of guaranteeing of education credits was used by students of 75 institutes of higher education in all regions of republic. As of end of September we had given 635 security liabilities for almost KZT41 m., and under our security banks had given the educational credits for amount of KZT54,3 m.", - announced the president of Financial center JSC Sayat Shaykhmetov, whose words are quoted in press-release.

By information of the bank, Financial center JSC was created on June 1, 2005 with 100%-ge participation of state in authorized capital. Goal of the company - is widening of availability of professional education for citizens of Republic of Kazakhstan by development of system of state-private partnership in the field of educational crediting. Financial center JSC, as guarantor, is engaged to meet the liabilities of student-borrower before creditors (second tier banks) on agreement of banking loan in limits of guarantee size. As of September 18, 2007 authorized capital of Financial center JSC made KZT1,3 m.