About the Bank

The mission

• to assist the state in the development of a competitive non-primary sector of economy.

The status

• an investment institution of the Government of the Republic of Kazakhstan which funds the non-primary sector of economy.

The goals

• To attract direct investments to the economy, in particular the Bank
  - establishes credit ratings that attract “long” and “cheap” money;
  - is a reliable partner providing quality expert opinion and administrative support;
  - has a considerable experience as an agent of state programs.
• To finance projects in priority sectors of economy, in particular the Bank
  - focuses on projects of sizeable economic effect;
  - funds projects approved by the Government within the Program of Forced Industrial and Innovative Development.
  

The Bank implements major projects in priority branches of economy such as energy, transport, metallurgy, chemistry, pharmaceutics, petrochemistry, oil processing, mechanical engineering and other (construction materials, tourism, agriculture, etc.).

Credit instruments of the Development Bank of Kazakhstan

• Loans to investment projects: from 5 to 10 years, minimal amount of $5 million;
• Finance leasing: from 3 to 20 years, minimal amount of $1 million;
• Loans for export transactions: from 1 year to 3 years, minimal amount $1 million;
• Project financing;
• Vouching;
• Servicing state’s projects as an agent.
  

New instruments 2009-2010

• Participating interest;
• Mezzanine financing;
• Interbank crediting;
• Circulating capital financing. 

System of risk management and internal control in the Bank for Development is an integral part of the Bank's corporate culture and plays an important role in making strategic decisions and business processes. Risk management and implemented at all levels in accordance with the recommendations of Basel II and the requirements of the national regulator.

Board of Directors of the Development Bank approves major policies and regulations governing the assessment process and risk management and internal control in the Bank, and Risk Management Committee, created by the Board of Directors, assists the Board of Directors in fulfilling its oversight responsibilities for the operation of an adequate system of risk management in bank.