OREANDA-NEWS. On February 11, 2009 Tsesnabank (Astana), securities of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the press release on the following:

Tsesnabank signed the credit agreement with Canadian export-credit agency Export  Development Canada (EDC) to the amount of US13 m. to fund the export of Canadian equipment producers to the Republic of Kazakhstan. The credit line will ensure quick and efficient satisfaction of the bank clients needs in funding for procurement of production equipment fro Canada.

Tsesnabank cooperates with EDC since 2006 and took loans from EDC to fund procurement of Canadian agricultural equipment by small and medium size enterprises of Kazakhstan.

For Tsesnabank funding of small and medium size businesses sector is one of the strategic priority areas. Since 1998 the bank participated in the number of programs on small and medium size businesses funding, organized by the Government of the Republic of Kazakhstan and international financial institutions.

Export Development Canada - Canadian export-credit agency, providing innovative solutions in the area of financing, insurance and risk management aimed at extension of Canadian exporters and investors international business. EDC works in 200 countries worldwide, including 130 countries with developing economies.

Tsesnabank was found in 1992 and is the single commercial bank in Kazakhstan with the headquarters located in Astana. The bank has 18 affiliates and 59 services provision points across Kazakhstan.