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Nurbank and International Islamic Trade Financial Corporation

20 April
Nurbank and International Islamic Trade Financial Corporation (subsidiary of Islamic Development Bank) have concluded Agreement for trade finance purposes. Effective from 18 April 2009 Nurbank started development of credit line in the amount of USD 5 mln. Within credit line Nurbank will offer to clients one of the most simple and convenient products of Islamic financing  Murabaha.

Nurbank JSC is among the ten largest banks of Kazakhstan. According to audited consolidated IFRS Bank’s financial statements as of 01.01.09 the Assets of the Bank have made KZT 298.8 bln. comparing to KZT 198.7 bln. at 01.01.08, Customer Deposits have made KZT 185.5 bln with the growth within a year for amount of KZT 126,7 bln
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