DBK finished 2019 with a positive financial result - according to unaudited data, consolidated net profit amounted to 7.5 billion tenge. The volume of equity amounted to 424.1 billion tenge, an increase of 12.8% compared to 2018.
During the reporting period, the Bank allocated 481 billion tenge for lending to the economy (including interbank lending in the amount of 28 billion tenge), and within the framework of direct lending, the Bank approved 11 investment projects and 3 export operations of non-resource industries for a total of 436.5 billion tenge. These are major projects such as: construction of SPP with capacity of 100 Mwatt in Kapchagai, construction of Saryarka Main Gas Pipeline, construction of a Plant for the production of methyl-tert-butyl ether in Shymkent, expansion of the processing capacity of MPP in Aktogay, provision of broadband access to rural settlements of the Republic of Kazakhstan using fiber-optic communication lines, construction of the second stage of a poultry plant for broiler farming in Akmola region, and other projects.
In order to reduce the share of public funds in the funding structure, the Development Bank uses various borrowing tools, both on the domestic and international capital markets – issuing and placing bonds, attracting interbank and budget loans, attracting deposits, developing credit lines, etc.
In 2019, 1.17 tenge of borrowings were raised for each tenge from public funds on market terms. 54% (177.9 billion tenge) of 329.5 billion tenge of funding, raised by DBK last year from various sources, accounted for by market funds. Thus, the DBK provides an increased demand of the Bank's borrowers for credit resources in the national currency. The share of loans in tenge in the structure of the Bank's loan portfolio in 2019 increased to 53% (915.3 billion tenge) from 43% (721.7 billion tenge) in 2018. The share of the loan portfolio in the national currency on the part of DBK has increased almost 12 times since the creation of the Baiterek Holding in 2013.
2019 is also marked by the commissioning of significant projects for the country, which have a large multiplier effect on the industry of Kazakhstan: this is a high-tech plant for the production of ferrosilicium in Karaganda - YDD Corporation LLP, a plant for the production of power transformers of in Shymkent - Asia Trafo LLP, Saryarka Main Gas Pipeline, modernization and reconstruction of Shymkent Oil Refinery, it was completed the construction of a complex for deep refining at Atyrau Refinery. The Bank is also actively increasing its competence in the field of renewable energy sources; last year, Nurgisa Solar Power Plant in Kapchagai, Zhylga Solar Power Plant in Turkestan region and Astana EXPO-2017 Wind Power Plant in Akmola region were launched.
As part of the implementation of the State Program of industrial and innovative development for 2015-2019 (hereinafter- SPIID), the DBK approved 23 projects for financing totaling 467.8 billion tenge (including 253 billion tenge from state sources), the available amount for financing is 113.2 billion tenge. These are major projects such as: construction of Aktobe rail and beam plant, plant on production of cyanide of sodium in Karatau, modernization of a plant for the production of mineral fertilizers in Aktau, reconstruction of passenger terminal of Astana International Airport, construction of transport-logistic center in Shymkent, the creation of a complex for the production of railway wheels in Ekibastuz, extension of the Aktau International Sea Port, construction of a plant for the production of power transformers in Shymkent, construction of a poultry farm broiler (phase 1 and 2) in Akmola region, construction of a plant for the production of ferrosilicium in Karaganda, reconstruction and modernization of Shymkent Oil Refinery, construction of a plant for the production of methyl tert-butyl ether in Shymkent.
During the period of implementation of SPIID for 2015-2019, about 4.5 thousand new jobs were created, according to the preliminary results of 2019, products priced at about 450 billion tenge were sold, products priced at about 168 billion tenge were exported, tax payments to the budget amounted to about 83 billion tenge.
In 2020 and 2021, the Bank plans to develop projects worth about 430 billion tenge and 458 billion tenge, respectively. Thus, by 2021, the Bank's loan portfolio will amount to about 2 trillion tenge. For the current year, the DBK has identified a portfolio of potential projects, the industry structure of which mainly consists of projects in the manufacturing industry and infrastructure for a total amount of loans of about 1 trillion tenge.
The Bank's strategic plans include achieving key indicators set by Baiterek Holding and the Government, actively supporting Kazakhstan's exporters, developing competencies for financing "green projects", RES and environmentally friendly projects in the manufacturing industry and infrastructure, working together with second-tier banks on projects, as well as cooperation with international investors.
Development Bank of Kazakhstan JSC, a National Development Institute specializing in the financing and development of large-scale infrastructure and industrial facilities on the territory of Kazakhstan. The Bank offers a convenient structure for financing projects - from the investment phase to supporting the export of finished products. Financing "threshold" for 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 about projects that are under administration, financing and consideration by the DBK. On the Bank's website http://www.kdb.kzthe information about the main terms of financing and general information on projects are available.