Press releases

The powers of the head of DBK were terminated prematurely

By the decision of the sole shareholder (NMH Baiterek JSC) dated January 24, 2022, the powers of Abay Sarkulov as the Chairman of the Management Board and a member of the Board of Directors of Development Bank of Kazakhstan JSC (hereinafter referred to as DBK, the Bank) were prematurely terminated. Sandugash Kenzhebaeva, who previously held the position of Deputy Chairman of the Management Board of the Bank, has been appointed Acting Head of DBK since January 25, 2022.

Abay Sarkulov was born on August 13, 1981 in the Aktobe region. In 2003, he graduated with honors from the Faculty of Economics of Aktobe Regional State University named after K. Zhubanov with a degree in Banking.

Abay Sarkulov began his career in the Development Bank of Kazakhstan in March 2007, having gone from the manager of the Infrastructure Projects Lending Department to the Deputy Chairman of the Board. From February 2017 to April 2019, Abay Sarkulov headed the executive body of Damu Entrepreneurship Development Fund JSC. Abay Sarkulov was appointed Chairman of the Board of DBK in April 2019, he replaced Bolat Zhamishev in this post.

The DBK team expresses gratitude to Abay Sarkulov for his effective work and wishes him success in his further professional activities!

Development Bank of Kazakhstan JSC (DBK) is a national development institution for the modernization and development of the non-resource and infrastructure sectors of the economy of Kazakhstan, established in 2001. Main activities: development of production infrastructure and manufacturing industry, promotion and attraction of external and internal investments in the country's economy. DBK is one of the largest investment operators of state programs for industrial and innovative development. DBK is part of the Baiterek National Managing Holding JSC.

Public Relations Service of Development Bank of Kazakhstan JSC: +7 (7172) 79 26 08 (,, Twitter@KDBkz)

АО «Банк Развития Казахстана»
проспект Мәңгілік Ел, здание 55 А, н.п. 15 Z05T3E2 Астана
+7 (7172) 79 26 79