Press releases

DBK presented financial instruments at a business forum in Warsaw

The DBK delegation was headed by the Chairman of the Management Board Abay Sarkulov, it also included the Managing Directors of the Bank Dastan Akhmetov and Botagoz Abisheva.

Kazakhstan and Poland are bound by long-term friendly relations, which today create a solid foundation for the development of deep and mutually beneficial trade, economic and cultural ties between the countries. The discussion of current prospects for deepening regional financial cooperation became the keynote of the Kazakh-Polish business forum, which started yesterday in Warsaw. The participants of the meeting paid special attention to the development of such sectors as industry, green technologies, and the agro-industrial complex. Noting the results of the Bank’s activities over the past year, the head of the Development Bank delegation, Abay Sarkulov, in his welcoming speech stressed that today DBK has a diversified loan portfolio across a wide range of sectors, including manufacturing and renewable energy sources, as well as taking into account the focus on the development of high-tech industries in view of ESG standards.

"At the moment, we have a wide range of financial instruments that not every development institution in the region can boast of, and also valuable competencies in terms of structuring large-scale and technically complex projects: from greenfield projects requiring detailed planning and elaboration of technical, marketing, financial aspects, to modernization of existing production facilities," said Abay Sarkulov, Chairman of the Management Board of DBK.

According to Abay Sarkulov, as of the end of June 2021, the Bank’s loan portfolio amounted to KZT 1,893.9 billion, in total, during this period DBK invested KZT 114.9 billion in the manufacturing industry and infrastructure.

“For 6 months of this year, we have commissioned 4 projects, 19 projects were financed in the amount of KZT 114.9 billion, and 6 requests were approved within the financing of investment projects and export operations in the amount of KZT 211 billion. All the signs suggest the impressive experience of the Bank’s team in structuring large transactions, and we are glad that now not only for us, as specialists in this field, but also for Kazakhstani entrepreneurs in general, new opportunities are opening up in terms of cooperation with the Polish side,” shared Abay Sarkulov.

Within the framework of the forum, DBK representatives held a number of meetings with key Polish development institutions, in particular with colleagues from the Polish National Development Bank. In a dialogue with the President of the Board Beata Daszyńska–Muzyczka, Abay Sarkulov noted the significant successes of the Polish Institute's team in mobilizing capital for economic development, which has increased 5 times in 4 years. The parties also discussed new development strategies of the two organizations, efforts to work together to attract investments that contribute to the development of long-term cooperation, the growth of exports of Kazakh and Polish goods and services. It is worth noting that this meeting was a logical continuation and a symbol of commitment to the agreements signed in 2016 in the context of a Framework agreement providing for the implementation of joint projects.

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During the meeting with the leadership of the Polish Development Fund (state Financial Group), Vice President Bartlomiej Pawlak presented tools supporting the development of companies, local authorities and individuals, as well as investments in sustainable social development and national economic growth. The parties discussed increasing the joint long-term investment and economic potential, in particular they discussed possible projects in the field of renewable energy, as well as support for high-tech and clean industries.

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Discussing possible future cooperation between DBK and the Polish State Railways Company (PKP Polskie Linie Kolejowe S.A.), Abay Sarkulov spoke about successful projects in the field of railway construction and mechanical engineering, in particular the production of rails, railway wheels, fasteners, freight cars, available in the Bank's loan portfolio. Deputy Chairman of the Board of PKP Polskie Linie Kolejowe S.A Piotr Majerczak expressed interest in the possibility of using Kazakhstani services and goods in the framework of the development of the railway infrastructure of Poland. Thus, the Polish side expressed its readiness to cooperate in the certification of these products in accordance with the standards of Polish railways.

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DBK actively supports Kazakhstani exporters in the framework of supporting non-primary exports and at the meeting with the Chairman of the Board of the KUKE Export Credit Insurance Corporation (PFR Group KUKE) Janusz Władyczak agreed to exchange information on export projects. The head of DBK presented the analytical portal of the Bank and spoke about the tools to support export operations, in turn, the Polish side expressed its readiness to provide insurance and guarantees for projects with the participation of DBK.

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It is worth noting that within the framework of the waste to energy initiative, DBK delegation visited a waste sorting line in the city of Legnica, the processing capacity of which is 40,000 tons of garbage per year, the project was implemented by the company Falubaz Polska. The presented operating line carries out waste recycling with sorting into waste paper, glass containers, plastic, as well as polyethylene. The company expressed its readiness to implement waste processing plants in Kazakhstan in accordance with the current environmental requirements of Kazakhstan.

In addition to a number of B2B meetings on the sidelines of the Kazakh-Polish Forum, which lasted 4 days, the participants also discussed the possibilities of attracting Polish investments to Kazakhstan. The important role of DBK in this process, as a guarantor of security and stability for foreign investors, was noted by almost all participants of the meeting. The Bank's credit ratings have been confirmed at the level of the sovereign rating of the Republic of Kazakhstan.

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“We see a high potential for expanding mutually beneficial cooperation with Polish partners and businessmen, not only in terms of launching new joint investment projects, but also in the exchange of experience. I am sure that the meetings that we held on the sidelines of the forum will contribute to the transfer of knowledge to support large entrepreneurship, the development of new opportunities for our businessmen,” shared Abay Sarkulov.

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