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Halyk Bank Declares Refinancing Mortgage Loans in Foreign Currency

01.10.2020

For information of Borrowers and (or) Pledger on Mortgage Loans Issued in Foreign Currency

In accordance with Article 34 of the Law of the Republic of Kazakhstan "On Banks and Banking Activities in the Republic of Kazakhstan" and the Refinancing Program for Housing Mortgage Loans (Mortgage Loans), Halyk Bank notifies that monetary liabilities (debts) of individuals on mortgage loans issued in foreign currency will be reduced by converting foreign currency of loan to the national currency of the Republic of Kazakhstan (conversion will be made at the official rate of the National Bank of Kazakhstan as of 18 August 2015).

The Bank considers the absence of a written objection from the borrower and (or) the pledger within thirty calendar days from this publication as the consent of the borrower and (or) the pledger to reduce monetary liability (debt) on the mortgage loan in foreign currency by converting principal amount in foreign currency to the national currency of the Republic of Kazakhstan.

In case of disagreement, the borrower and (or) the pledger should, submit a corresponding written application to the Bank, before the expiration of the specified period in any convenient way:

  • at the address: 40, Al-Farabi Ave., Almaty А26М3К5
  • e-mail: info@halykbank.kz
  • telephone: 7111 (toll free), +7 (727) 259-07-77 (landline).



Best regards,

JSC Halyk Bank