Botagoz Abisheva, Deputy Chairman of the Management Board of DBK for financial management, comments: “All the main financial indicators of Development Bank of Kazakhstan continued to grow in 2021. The increase in profit is due to the growth of the Bank's net interest income, as well as the recognition of unscheduled income from the full and partial early repayment of loans issued to customers.”
Key financial indicators:
Operating profit in 2021 amounted to 78.1 billion tenge against 60.5 billion tenge in 2020, which corresponds to an increase of 29%.
Profit before tax increased to 34.0 billion tenge against 23.2 billion tenge in 2020, or more than 46%.
Total comprehensive income for the year increased by 17% to 27.1 billion tenge against 23.1 billion tenge in 2020.
Total assets amounted to 3.7 trillion tenge against 3.1 trillion tenge in 2020, which corresponds to an increase of 21%.
Total liabilities reached 3.2 trillion tenge, an increase of 23.6% compared to 2.6 trillion tenge in 2020.
Equity capital increased by 8.7% or up to 556.8 billion tenge, in 2020 the figure was 512.0 billion tenge.
The full consolidated financial statements of Development Bank of Kazakhstan JSC are posted on the official website of the Bank, it can be found at the link https://www.kdb.kz/investors/financial-and-annual-reporting/
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Information about the work to support the diversification of the economy
In total, in 2021, the Development Bank of Kazakhstan invested 399.1 billion tenge in the manufacturing industry and 134.1 billion tenge in infrastructure. 37 major projects were financed, as well as 7 enterprises were put into operation and modernized, where about 1.9 thousand permanent jobs were created.
Raising capital in the capital markets remains a priority for the Bank, as this reduces the share of public funds in funding. In particular, in 2021, the Bank issued Eurobonds in the amount of $500 million and 100 billion tenge. Attraction in the local capital market in 2021 amounted to 154.4 billion tenge and from international financial institutions in the amount of $155.5 million. Now DBK remains the only Kazakhstani issuer that has already successfully issued Eurobonds in tenge four times.
For reference:
Development Bank of Kazakhstan JSC, a national development institution specializing in the financing and development of large-scale infrastructure and industrial facilities in Kazakhstan. The Bank offers a convenient structure for financing projects - from the investment phase to supporting the export of finished products. The “threshold” for financing investment projects is from 7 billion tenge, for the food industry - 3 billion tenge, for export operations - from 1 billion tenge. In order to increase information transparency, the Bank has also expanded the database of publicly available information on projects that are administered, financed and reviewed by DBK. On the Bank's website you can find information about the main conditions of financing and general information on projects.
Public Relations Service of Development Bank of Kazakhstan JSC:
Telephone: 8 (7172) 79 26 08
Website: www.kdb.kz
E-mail: pressa@kdb.kz
