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DBK is recognized as the safest bank in Kazakhstan according to Global Finance

The international financial magazine Global Finance has named the Safest Banks in 112 countries and territories for 2021 as part of its 30th annual ranking of the World’s Safest Banks. Development Bank of Kazakhstan JSC (DBK, a subsidiary of the “Baiterek” Holding) became the best in this nomination among the Kazakhstani financial institutions.

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According to Global Finance experts, winners were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—of the 1000 largest banks worldwide. According to them, the past year demonstrates the resilience of the banking sector, which stood as a bulwark against collapse during the coronavirus pandemic, supplying critical emergency funding.

“The safest banks are paragons of stability, and continue to provide necessary support for governments and communities as they seek to recover from pandemic’s economic shocks,” stated Joseph Giarraputo, publisher and editorial director of Global Finance.

Commenting on receiving the award, Chairman of the Management Board of DBK Abay Sarkulov expressed gratitude to Global Finance for the high assessment of the Development Bank’s work.

Абай Саркулов

«The recognition of DBK as the safest bank in Kazakhstan confirms the effectiveness of the entire team of the Bank, as well as a clear commitment to our key mission - progressive and timely support of Kazakhstani business on the path of diversification of the national economy," said Abay Sarkulov.

Mr. Sarkulov also added that due to the continuous improvement of its activities, DBK rightfully remains one of the innovative and advanced development institutions in the Central Asian region.

To highlight, Global Finance, founded in 1987, has a circulation of 50,000 and readers in 191 countries. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.

As a reminder, this year DBK also became the winner of the prestigious international award The Global Economics Awards-2021 in the nomination "Best Bank for Investor Relations", as well as the Best bank in the nomination "Corporate Social Responsibility" according to the financial publication Asiamoney.

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АО «Банк Развития Казахстана»
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