Press releases

DBK's IFRS net profit doubled in 2020

The operating profit of DBK in 2020 increased by 27.8%, to 60.5 billion tenge, profit before tax - 1.5 times, to 23.2 billion tenge.

The volume of consolidated assets of Development Bank amounted to 3,088 billion tenge, having increased compared to last year by 19.2% or 497.2 billion tenge, Development Bank's liabilities amounted to 2,576 billion tenge, having increased from the beginning of 2020 by 19.1% or by 413.5 billion tenge. The volume of Development Bank's consolidated equity capital as of December 31, 2020 amounted to 512 billion tenge, as of the same reporting date of 2019 - 428 billion tenge, the authorized capital increased by 13%, to 503.7 billion tenge.

At the end of 2020, the volume of the portfolio of loans issued to customers amounted to KZT 1,845.9 billion, having increased by 14.1% compared to last year. The increase is mainly due to the disbursement of loans. Since the establishment of Development Bank as of December 31, 2020, 148 investment projects with a total value of 9.7 trillion tenge have been approved, financed and financing with the participation of Development Bank in the amount of 4.6 trillion tenge, as well as 105 export operations worth 0.8 trillion tenge with the participation of Development Bank in the amount of 0.51 trillion tenge. The total volume of projects and investment programs financed by Development Bank since the beginning of its activity amounted to 3 624 billion tenge.

The sectoral structure of the gross balance of loans issued to customers is mainly represented by projects in the manufacturing industry, so in terms of industries, the largest share of Development Bank's portfolio is occupied by projects in the industries of production of oil products (29.9%), metallurgical industry (17.1%), mining (15.2%) and electricity, gas, steam and air conditioning (12.0%). There are also projects in the sectors of transport and warehousing (5.7%), mechanical engineering (4.8%), accommodation and food services (4.0%), information and communication (3.4%), chemical industry (2, 9%), food production (2.2%), arts, entertainment and recreation (1.5%) and construction materials (1.4%).

Among the largest projects of Development Bank in the metallurgy and oil refining industries are projects: the construction of enrichment plant at the Aktogay GOK and the construction of a plant for the production of primary aluminum in the Pavlodar region, for deep oil refining at the Atyrau oil refinery, and the modernization of the Shymkent oil refinery.

In the regional structure of the loan portfolio of Development Bank at the end of 2020, the largest share was occupied by projects from the East Kazakhstan region (17.9%), Pavlodar region (17.4%), Shymkent city (16.3%), Atyrau region (9 , 9%), interregional projects (9.7%) and Aktobe region (4.3%).

The share of loans in national currency in the structure of the loan portfolio increased from 53.0% in 2019 to 54.4% and amounted to 1,072 billion tenge in nominal terms as of December 31, 2020. The share of loans in US dollars was 45.6%. It should be noted that in order to reduce the currency risk of borrowers after a significant depreciation of the national currency in 2015, Development Bank provides financing in foreign currency for projects that sell their products for export and have sources of income in the corresponding foreign currency.

Development Bank of Kazakhstan was established in 2001, provides loans to medium and long-term investment projects in the field of industrial infrastructure and in non-resource sectors of the economy, helps to attract external and internal investment in the country's economy. It is part of the structure of the Baiterek national holding.

АО «Банк Развития Казахстана»
проспект Мәңгілік Ел, здание 55 А, н.п. 15 Z05T3E2 Астана
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