Press releases

Development Bank of Kazakhstan JSC and the German financial institution Landesbank Baden-Württemberg signed a framework agreement on financing investment projects under the insurance coverage of export credit agencies. The document was signed by Chairman of the Management Board of DBK Nurlan Baybazarov and Managing Director of LBBW Thomas Lempul on the sidelines of the Kazakh-German Business Forum on June 20 in Astana.



The agreement opens new opportunities for the implementation of investment projects in Kazakhstan. According to the document, DBK will be able to attract up to 500 million euros from the German partner for investment projects that involve imports from foreign countries, for example, technological equipment. At the same time, guarantees for such operations will be issued by export credit agencies of those countries from which exports are carried out.

It should be noted that Landesbank Baden-Württemberg is a universal financial institution from the Federal Republic of Germany, which actively provides its clients with services for export-import operations. LBBW has successfully arranged export financing for borrowers around the world to import them from various countries, including France, Germany, Italy, Spain, China and South Korea.


Public Relations Service of Development Bank of Kazakhstan JSC:
Telephone: 8 (7172) 79 26 08
Website: www.kdb.kz
E-mail: pressa@kdb.kz