For historical reasons, Almaty is an attractive region, not only for Kazakhstani but also for international investors. Thus, this September, Fitch agency assigned Almaty a BBB credit rating, which characterizes the city with a low level of risk for investments.
The loan portfolio of DBK now includes 54 investment projects and 15 export operations for a total amount of financing of 2 trillion 737 million tenge. As of the current date, the Bank's projects in Almaty and Almaty region account for 2.3% of the loan portfolio in the regional context of direct lending. In particular, this refers to such enterprises as Moynak HPP JSC, 100 MW solar power plant in Kapshagay, ENEVERSE KUNKUAT LLP, pre-export financing of Kainar-AKB LLP for the production of car batteries of Kainar-AKB LLP, Maslo-Del LLP, and RG Brands Kazakhstan LLP. The Bank is considering 9 investment projects and 3 export operations in the region, with the requested loan amount of KZT 190 billion.
"If we talk about Almaty region, this year we launched a greenfield project-the construction of a 100 MW SPP in Kapshagay city. Renewable energy sources are now one of the rapidly growing investment niches in Kazakhstan in the last few years, and DBK, together with investors, actively supports such projects. The international company Universal Energy, represented by its Eneverse Kunkuat project company, took part in the implementation of this project. The presence of such projects in the DBK portfolio is a positive signal for foreign investors in the "green energy", as the Bank is considered to be a stable, experienced and trusted partner," - stated Sandugash Kenzhebayeva, the Deputy Chairman of the DBK Management Board.
Let us recall, the Development Bank offers businesses financial and credit products at various stages of project implementation - from the investment phase to the export of finished manufactures. The Bank provides loans for the implementation of investment projects for a period of 5 to 20 years, with a grace period provided during the investment phase. The minimum loan amount is KZT 7 billion. At least 20% of the investment in the project should be provided by the project promoter. This "threshold" is provided so that DBK does not compete with merchant banks, providing financing only to capital-intensive projects that cannot be independently funded by any given STB. It is worth mentioning that that the Development Bank is a key operator of the state programs such as the SPIID and Nurly Zhol.
A more detailed list of the services rendered is available at www.kdb.kz
