At the meeting, Chairman of the Management Board of Otbasy Bank Lyazzat Ibragimova spoke about the progress of the Otau program and the advantages of cooperation between developers and the bank: “As of March 13, the bank’s clients have already successfully submitted 8,180 applications. To avoid hype, the deadline for accepting applications was made as comfortable as possible for potential participants. That is, developers have a seven-year guaranteed demand for facilities. Developers who plan to cooperate with Otbasy Bank will have a database of ready-to-buy housing customers who have passed the solvency and received approval for a loan.” More information about the Otau program can be found on the website otbasybank.kz .

In turn, Director of the Department for work with legal entities of Kazakhstan Housing Company JSC Aigerim Kurmanbayeva shared information about the mechanisms of guarantees and subsidies: “The past year has been very eventful and fruitful for KHC, a number of meetings with businesses have been held, including in the regions. To date, the Company has eliminated unnecessary requirements for developers, introduced simple and open procedures. Developers can submit their applications online through the Housing Portal on an ongoing basis and track their status through personal accounts, and electronic signing of contracts has also been introduced. In 2023, we crossed the threshold of 1 trillion tenge.  This made it possible to protect the deposits of many shareholders in the country. Now we are continuing to work on reducing legal requirements so that small and medium-sized companies, especially in the regions, have the opportunity to receive our guarantee.”