The Development Bank of Kazakhstan JSC (a subsidiary of Baiterek Holding, hereinafter – DBK, the Bank) has made a partial early repayment of funds of the National Fund of the Republic of Kazakhstan to Baiterek Holding in the amount of KZT 23.5 billion. In turn, the Holding will transfer the funds back to the NFRK by 31 December of the current year.
DBK played an active role in financing key projects aimed at developing national industry under the State Programme of Industrial and Innovative Development of the Republic of Kazakhstan for 2020–2025.
In 2014, the Bank received the National Fund of the Republic of Kazakhstan resources of KZT 50 billion through its parent company, Baiterek Holding, with a repayment period until 2034.
Using these funds, the Bank provided concessional financing for 13 strategically significant projects, all of which have now successfully achieved stable operational output.
In 2014, the Bank received NFRK resources of KZT 50 billion through its parent company, Baiterek Holding, with a repayment period until 2034.
The completed initiatives demonstrate sustainable growth, generate tax revenues, and are already producing profit which is directed towards repayment of the Bank’s obligations.
“These projects have become an important tool for modernising industries and have proved their effectiveness. The enterprises are fully operational, creating jobs and expanding exports. We ensure the repayment of funds while maintaining a high-quality portfolio and the stability of economic financing,” noted Marat Yelibayev, Chairman of the Management Board of DBK.
Effective deployment of National Fund resources by DBK to support breakthrough industrial projects has delivered strong socio-economic outcomes for the country and ensured a high-quality return of invested capital.
The Bank financed the following projects:
- deployment of LTE/GSM/UMTS networks across Kazakhstan;
- creation of a railway wheel production complex;
- construction of a rail and beam plant in Aktobe with a capacity of 430 thousand tonnes per year;
- gasification of five settlements in Kyzylorda region;
- modernisation of mineral fertiliser production at KazAzot LLP in Mangystau region;
- construction of the Turgusun HPP in East Kazakhstan region;
- production of K5 eco-class motor fuels in West Kazakhstan region;
- construction of a sodium cyanide production plant in Karatau;
- development of the AtyrauNefteMash oil engineering plant;
- construction of a transport and logistics centre in Shymkent;
- reconstruction of the passenger terminal of Astana International Airport;
- expansion of Aktau International Sea Port northwards;
- construction of the “Jylga” photovoltaic power plant in Turkistan region.
These projects have significantly strengthened Kazakhstan’s industrial capacity, supported technological renewal and enhanced the resilience of the national economy.
DBK will continue to ensure effective management of investment resources and advance projects aimed at modernising and developing the national economy.
