OREANDA-NEWS. On February 07, 2007 Alliance Bank JSC (Almaty), securities of which are traded in the official category "A" list of Kazakhstan stock exchange (KASE), provided KASE with the press release, saying, reported the press-centre of KASE:

The bank switch from the personal consumer loans to granting credit cards to the cleans with a good credit story

On January 15, 2008, Alliance Bank JSC interrupted granted the personal consumer loans (PCL) to new clients and switched to the new program of consumer crediting with the use of revolver credit cards. The cards will be issued for the existing clients with a good credit story of the Bank who will be identified within the client database that contains more than two mission borrowers.

"One of the most goals of the Bank is maintenance of high liquidity, quality of credit portfolio, and also of the indicators of yield on the same high level. This model of consumer crediting will provide the achievement of all indicators, planned for 2008, both by the business volumes and by income in the conditions of continuous correction of the global financial markets", - informed Dauren Kereybayev, Chairman of the Bank.

Alliance Bank corrected the model of consumer crediting taking into account the concerns of the analysts regarding the growing risks of default because of global fluctuations of the market.

The shift of the consumer crediting program on the revolver credit cards had been initially planned for spring 2008, however, it was accelerated due to the need in change of crediting policy of the Bank in the existing economical conditions.