Interbank lending

Interbank crediting (hereinafter-the IBC) is a conditional financing of the DBK of end borrowers through second-tier banks.

The purpose of interbank lending (hereinafter – the IL) is DBK's financing of private enterprise projects in priority sectors of the economy, creation of new and expansion of operating enterprises in the processing industry, refinancing of current projects and making up of current assets.

The mechanism of joint lending allows you to bring affordable financing to small and medium businesses, while sharing credit risks and the procedure for monitoring the implementation of projects with commercial banks.

Since December 2014, the DBK also provides financing through commercial banks of state programs to support businesses, approved by the Government of Kazakhstan in 2014-2016:

1. Lending large businesses in the manufacturing industry (I and II tranche)
2. Support of domestic automakers.

According to the terms of interbank financing, partner banks are prohibited from investing the allocated funds in financial instruments and/or transactions with them, as well as in the foreign exchange market for the purchase of foreign currency. DBK conducts regular monitoring of the development of credit resources and their intended use.

I. Lending projects in manufacturing industry (I and II tranches)

The lending conditions for end borrowers approved by the Government Resolution No. 1276 of December 05, 2014 (1 tranche) and No. 124 of March 11, 2015 (2 tranches) are as follows:

List of 12 partner banks approved by the decision of the State Commission for economic modernization:

II. Support of domestic automakers

The funds of the National Fund and the Republican budget of the Republic of Kazakhstan are allocated to support domestic automakers through conditional financing of second-tier banks (hereinafter - STB) for lending to individuals - buyers of Kazakhstan-made passenger cars.

The total funding limit is 26 billion tenge from the national Fund, 8 billion tenge from the National budget and 40 billion from the National Bank of RK. 

Second-tier banks conduct an examination of the solvency of end borrowers and decide on the issuance of loans. The queue for issuing loans to individuals is conducted by second-tier banks.

If the second-tier banks have idle funds to issue loans under the program, the second-tier banks send information to the Development Bank on approved applications of individuals. Under the budget of the National Fund of the Republic of Kazakhstan, the Development Bank checks the received applications for compliance with the conditions of the program (maximum cost of the car, loan term, nominal rate of return) and, within 3 business days, confirms the possibility of writing off of amounts by second-tier banks from a special account with the National Bank of the Republic of Kazakhstan. Within the allocated funds from the Republican Budget and the National Bank of Kazakhstan, there is no procedure for confirming the write-off of funds from a special account with the National Bank of the Republic of Kazakhstan.

Conditions of the program of preferential car loans:

List of automakers participating in the Program:

The list of models of passenger cars of domestic production for purchase by the End Borrower:

The list of banks participating in financing domestic automakers:

The program is designed for 20 years and is based on the "revolving" loans : at the expense of funds received from the repayment of the principal by individuals who have received a loan, banks will issue new loans for the purchase of cars.