Press releases

Closing the Staff Gap: Open Day in DBK

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Due to the coronavirus pandemic, this year's Open Day at DBK was held as online conference. Within two hours, the Bank's representatives spoke about the activities of the country's key development institution, as well as its features, tools and products. As part of the acquaintance with the Development Bank, the Bank employees gave lectures on project financing, development strategy, and the basics of internal control and risk management systems. The online event was attended by students from KBTU, KIMEP, Nazarbayev University and Turan Astana, as well as representatives of regional higher education institutions.

“I can say that the Development Bank is always successful in meeting the challenges, though it were a devaluation, an economic downturn or a pandemic. If we look back, we can remember the key moments in the activity of DBK, which have gone down not only in the history of the Bank, but also in the history of the country. DBK was the first financial institution in Kazakhstan to issue Eurobonds in KZT. Actually, it means that foreign investors have a positive view of us and are taking on all currency risks. I would also like to note that DBK was the first to issue Islamic bonds sukuk. Over the years we have significantly increased the competence of our employees and the Bank treasures its team very much. We have all possible professional certifications in the Bank,” – highlighted Dmitriy Babichev, Deputy Chairman of the Management Board.

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Kairat Tastambekov, Director of the Strategy and Planning Department, spoke about the development strategy of DBK.

Being a specialized state development institute, whose mission is to contribute to the sustainable development of the national economy through financing of non-resource sector, DBK adheres to 3 key areas in its activities: lending, financial resources management, as well as corporate governance and business process improvement. This development course was approved by the Bank in 2014 and updated in 2017. Now, bearing in mind the current challenges for the global economy, the Bank's team is working on another update of the Development Strategy until 2023. Thus, given the current market environment, DBK will first and foremost seek to actively stimulate the growth of domestic business. It is noteworthy that special attention will be paid to financing projects with high social and economic impact in the manufacturing industry and infrastructure. Moreover, DBK intends to support domestic business by promoting the role of the private sector to develop the country's economy, as well as encouraging their transition to a “green” economy.

The second key area will be financial resources management to meet business needs. Thirdly, the Development Bank is waiting for the transformation of its operational activities, as Covid-19 pandemic and, as a result, switching into remote work dictates the need for changes in order to adapt to the situation as quickly as possible with minimal losses.

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Serik Akhmetov, Senior Banker of the Customer Relations Directorate spoke about the financing of investment projects in oil refining and oil and gas chemistry.

There is a misconception that the oil industry is not innovative. In fact, the development of technologies here is not as obvious as in other areas, such as IT, yet they do exist. Thus, refining efficiency and oil quality increase over the years. For example, according to Serik Akhmetov, thanks to the financial support of DBK, Kazakhstan's key refineries have managed to significantly increase the depth of refining: while previously it was 50-60%, now the figure reaches about 80-90%. Currently, the share of oil refining projects in the Development Bank is 31%, or KZT 1.9 trln. 10 projects worth KZT 1.4 trln. are at the stage of attraction.

In addition to industry analysis and detailed information about the Bank's projects and requirements, a pleasant bonus for listeners became the analysis of two cases on the example of project structuring. Serik Akhmetov also shared insights for beginners and current analysts to build a financial model.

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Ermek Azambayev, Head of the Operational Risk Management, and Sholpan Sadykova, Chief Risk Manager of the Financial Risk Management, spoke about the basics of the risk management system.

The corporate risk management system in DBK consists of 5 stages, in which the internal audit service acts as the third line of defense, risk management unit - the second, and the Bank's structural units - the third. The risk management unit is responsible for operational and credit risk management, analysis and methodology development, as well as risk identification, assessment, control and monitoring on a regular basis.

The speakers gave a detailed description of the Bank's main risk management tools, as well as methods of developing risk culture among employees of the Bank. According to their data, currently the key tasks in developing risk culture are the creation of values and beliefs, a common understanding of the Bank's risk management, as well as increasing staff involvement.

We remind, that more detailed information can be found at www.kdb.kz.

АО «Банк Развития Казахстана»
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