The Bank was established on April 25, 2001 according to the Law of the Republic of Kazakhstan «On the Development Bank of Kazakhstan». The Bank is regulated by this special Law, the Charter of the Bank, the Memorandum of Credit Policy of the Bank, and other internal directives.

The main purpose of the Bank is improvement and enhancement of efficiency of the public investment activity; development of industrial infrastructure and processing industry and assistance in attracting the foreign and domestic investments to Kazakhstan’s economy.

Only legal entities (companies) can be borrowers of the Bank provided they verify their creditworthiness, solvency and financial viability.

Medium and long-term lending including co-financing of investment projects;
Lending, including co-financing, of export transactions aimed at promoting exports of goods manufactured in Kazakhstan.

The Bank carries out its lending policy according to the list of investment priorities specified by the Memorandum of Credit Policy of the Bank. These investment priorities include all the sectors of the economy except for exploration and extraction of oil and gas.

Investment projects
Terms
For lending investment projects the following terms of loans are set:
- Medium-term investment loan (from 5 to 10 years);
- Long-term investment loan (from 10 to 20 years).

Currency
Financing investment projects is carried out in national currency and in foreign currencies according to conditions of investment projects.
Loan Amount
The minimal amount of the loan extended by the Development Bank of Kazakhstan for investment projects is equivalent to 5 million USD.
The Decision-Making Procedure

The question on extending a loan to an investment project approved by the results of the initial evaluation in the Bank is submitted for examination to the Credit Committee of the Bank. After being approved by the Credit Committee, the application is submitted for examination to the Bank’s Board of Directors, which then makes a decision on extending a loan for the project.

Export operations

Lending for export transactions is carried out in national currency and foreign currencies according to the terms of an export transaction contract.

After having passed the Bank evaluation a proposed project is submitted for examination to the Credit Committee of the Bank. The decision on extending a loan to the export transaction in the amount of up to 5 million USD can be made by the Credit Committee.

For loans in the amount exceeding 5 million USD the Credit Committee submits the application and the credit dossier together with its own recommendations to the Board of Directors for a final credit decision.

At present the representative offices of the Bank have been established in Almaty, Moscow (Russian Federation), Tashkent (Republic of Uzbekistan), and Beijing (China).

One of the basic lending criteria of the Bank is observance of ecological requirements by the projects under consideration.

No. The Bank provides only medium- and long-term financings of investment projects and export transactions.

- Conformity of projects with the investment priorities established by the Memorandum of the Credit Policy of the Bank;
- Profitability and cost recovery;
- Marketability of the products and sufficiency of the raw-material base;
- Technological and technical validity of the aspects of the project;
- Observance of ecological requirements;
- Quality and comprehensiveness of the project documentation;
- Qualified management;
- Sound collateral;
- Fulfillment of other requirements (creditworthiness, solvency, financial stability, etc.).