Representatives of the Kazakh Foreign Ministry in Turkey received a detailed online consultation on the current financing instruments of DBK, the government's support measures in the form of state programs, as well as the most promising industries within the framework of export support, privatization and public-private partnerships. Managing Director of DBK Adil Ismagambetov also shared the existing experience of the Bank's cooperaion with Turkish investors and businessmen. According to him, today DBK finances 2 investment projects with Turkish participation: the organization of the multifunctional tourist complex "Karavan-Saray" LLP "Turkistan Silk Way Harbor" and the construction of the multifunctional hotel and tourist complex "Aktau Resort Hotel" in the Mangistau region, as well as 3 projects under consideration.
“Development Bank offers a wide range of instruments, such as medium-long-term lending for investment projects, co-financing and syndicated financing, financing through a bonded loan, and so on. Within the framework of lending for export and pre-export operations, participation in the state program of infrastructure development "Nurly Zhol" is envisaged. Potential borrowers may also be given the opportunity to attract subsidiaries of the Bank for financing. The requirements for each instrument are different, but I would like to emphasize that for all projects, without exception, the Bank's front office selects the most optimal and favorable financing conditions, ”noted the Managing Director of DBK Adil Ismagambetov.
DBK is a state development institution whose key mission is to diversify the national economy and promote its sustainable development. That is why the Bank does not set itself the goal of maximizing profits, which in turn guarantees low interest rates for its clients. Despite this, in 2020 the Development Bank managed to invest 506.2 billion tenge in the domestic manufacturing industry and infrastructure. At the same time, the consolidated net profit amounted to 22.4 billion tenge, which testifies to the stability and safety of the Bank even in crisis economic conditions. So, according to Adil Ismagambetov's data, since DBK entered the structure of Baiterek Holding in 2013, the annual growth of the Bank's loan portfolio is 10-15%.
“Formation of the Bank's terms of financing directly depends on the project risks. If the company has international credit rating from leading rating agencies, it can be taken as the basis for determining the credit rating on which the interest rate also depends, in the absence of international rating, during the consideration of the project, the Bank will establish internal credit rating and form basic and special conditions financing ”- explained the Director of the Department of Credit Analysis and Transaction Structuring of DBK Zhanat Ansaganova.
By the way, Zhanat Ansaganova headed the delegation of Development Bank during the official visit of government officials of the Republic of Kazakhstan to Turkey in March this year. Back then the Kazakh side, headed by the Deputy Prime Minister - Minister of Foreign Affairs of the Republic of Kazakhstan Mukhtar Tleuberdi, discussed topical issues of investment cooperation with the heads of 7 Turkish holdings Koc Holding, Yildirim Holding, TAV Holding, Calik Holding, Kibar Holding "," Atabay "and" Goknur Gida ".
In particular, Zhanat Ansaganova met with representatives of Turkish holdings in the field of food production "Goknur Gida", as well as with the pharmaceutical giant "Atabay" to discuss cooperation. Businessmen highly appreciated the activities of the Kazakh government in support of investors and expressed gratitude for the support provided.
