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About the Bank
Established in 2001 the Development Bank of Kazakhstan is currently one of the main providers of the state investment policy in Kazakhstan. By way of financing creation of competitive productions in non-primary sectors of the economy and developing the country’s infrastructure, the Bank directly contributes to the sustainable development of the national economy. Investment activity of the Bank is represented in all the regions of Kazakhstan and in all key sectors of the processing industry. The new and modernized enterprises commissioned with the help of the Bank’s financing make a solid contribution to strengthening Kazakhstan’s industrial and export potential. Being one of the main participants of the economy diversification, the Development Bank of Kazakhstan will further establish itself as the leader in implementing breakthrough and cluster projects. The main principles on our way are Professionalism, Credibility, and Transparency. All these processes are united in the ENGINEERING OF THE NEW ECONOMY, the economy that we are building today. The Joint-Stock Company “Development Bank of Kazakhstan” was established in 2001 in accordance with the Law of the Republic of Kazakhstan dated April 25, 2001 “On the Development Bank of Kazakhstan” pursuant to the Decree of the Government of the Republic of Kazakhstan “On the Incorporation of the Closed Joint Stock Company “Development Bank of Kazakhstan”. Starting from 2006 the sole shareholder of the Bank has been the Sustainable Development Fund “Kazyna” JSC. The Fund’s principal objective is increasing and stimulating investment and innovation activity by implementing effective corporate governance practices in the national development institutions, which solve the problem of diversification of the economy. According to the Law “On Banks and Banking in the Republic of Kazakhstan” the Bank has a special legal status. As specified in the Law “On the Development Bank of Kazakhstan” the goals of the Bank include: 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. Projects in chemical industry, transportation and communication, metallurgy, electrical energy production, and production of construction materials account for the largest share of the amount of the approved projects. The Bank has the highest credit rating among the commercial banks of Kazakhstan from all three major rating agencies: Standard&Poor’s, Moody`s Investors Services, and Fitch. For the purpose of sustaining economy diversification the Bank has set itself the following priorities and perspective directions: 1. Production and distribution of energy;
To determine the growth points for the private sector in manufacturing industry the Bank has defined the following priority sectors: - Metallurgy;
At this page the visitor will find the information on the long-term goals and the development strategy of the Bank, the legislation regulating the Bank’s operations, management structure, as well as corporate governance system, ratings, history, awards and recognitions of the Bank. |
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