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:
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.
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:
|Target group||large business entities implementing projects in the manufacturing industry|
|Nominal interest rate||not more than 6% per annum|
|Credit period||up to 10 years|
|Grace period for payment of principal debt||not more than 24 months|
|Financing limit per borrower||up to 5 billion tenge (with the exception of food industry projects where there is no limit)|
List of 12 partner banks approved by the decision of the State Commission for economic modernization:
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:
|Cost of 1 car||not more than 15 million tenge|
|Credit period||not more than 7 years|
|Nominal interest rate||
up to 4%
(annual effective rate (including
the cost of insurance and clearance
to guarantee vehicles) must not exceed
List of automakers participating in the Program:
|АО «Азия Авто»||ТОО «СарыаркаАвтоПром»||ТОО «Hyundai Trans Kazakhstan»*|
|1||Škoda Octavia||Hyundai Tucson||Hyundai Sonata|
|2||Škoda Rapid||Hyundai Elantra||Hyundai Santa Fe|
|3||Škoda Superb||Hyundai Sonata||Hyundai Accent|
|4||Skoda Kodiaq||Hyundai Santa Fe||Hyundai Elantra|
|5||LADA 4*4 21310||Hyundai Creta||Hyundai Creta|
|6||LADA Granta||Hyundai Accent||Hyundai Tucson|
|7||LADA Xray||JAC S3||
|8||LADA Vesta||JAC S5||
|9||LADA Largus||JAC J7||
|10||LADA 4*4 21214||JAC S7||
|11||УАЗ 220695-04||Ravon Nexia R3||
|12||УАЗ Patriot||УАЗ Hunter||
|13||УАЗ Hunter||УАЗ Patriot||
|14||УАЗ 390995||Chevrolet Niva||
|15||УАЗ 374195-05||Chevrolet Damas DLX||
||KIA Optima (К5)||
* models for the car manufacturer Hyundai Trans Kazakhstan LLP apply to 20 billion tenge, issued to second-tier banks in 2020 within the framework of the program for lending to buyers of domestic cars, approved by the Resolution of the Board of the National Bank dated May 31, 2019 No. 79.
The list of banks participating in financing domestic automakers:
Limit within the NF RK,
A limit within RB RK,
A limit within NB RK,
|JSC "Eurasian Bank»||7 310 000||3 875 000||
|SB JSC "Sberbank of Russia»||6 318 541||3 875 000||17 000 000|
|JSC "Halyk Bank of Kazakhstan»||5 300 000||2 875 000||8 000 000|
|JSC "Bank CenterCredit»||3 830 000||3 875 000||
|JSC " Forte Bank»||1 641 459||-||
5 000 000
|JSC "ATF Bank»||1 600 000||-||
|JSC "Bank VTB" (Kazakhstan)||-||1 500 000||10 000 000|
|TOTAL||26 000 000||16 000 000||40 000 000|
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.