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:
- Lending large businesses in the manufacturing industry (I and II tranche)
- 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.
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:
| 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 |
| Loan currency | tenge |
| 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:
I. 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:
| Cost of 1 car | not more than 15 million tenge |
| Credit period | not more than 7 years |
| Loan currency | tenge |
| Nominal interest rate |
up to 4% (annual effective rate (including the cost of insurance and clearance to guarantee vehicles) must not exceed 7.5%) |
List of automakers participating in the Program:
The list of models of passenger cars of domestic production for purchase by the End Borrower:
| АО «Азия Авто» | ТОО «СарыаркаАвтоПром» | ТОО «Hyundai Trans Kazakhstan»* | |
|---|---|---|---|
| 1 | KIA Cerato | Hyundai Tucson | Hyundai Sonata |
| 2 | KIA Optima | Hyundai Elantra | Hyundai Santa Fe |
| 3 | KIA Picanto | Hyundai Sonata | Hyundai Accent |
| 4 | KIA Rio | Hyundai Santa Fe | Hyundai Elantra |
| 5 | KIA Sorento | JAC S3 | Hyundai Creta |
| 6 | KIA Soul | JAC S5 | Hyundai Tucson |
| 7 | KIA Sportage | Chevrolet Niva |
|
| 8 | KIA Seltos | Hyundai Creta |
|
| 9 | Škoda Octavia | Hyundai Accent |
|
| 10 | Škoda Rapid | Ravon Nexia R3 |
|
| 11 | Škoda Superb | УАЗ Hunter |
|
| 12 | Skoda Kodiaq | УАЗ Patriot |
|
| 13 | LADA 4*4 21310 | Chevrolet Damas DLX |
|
| 14 | LADA Granta | Chevrolet Nexia |
|
| 15 | LADA Xray | Chevrolet Cobalt |
|
| 16 | LADA Vesta | Chevrolet Malibu |
|
| 17 | LADA Largus | Chevrolet Tracker |
|
| 18 | LADA 4*4 21214 | Chevrolet Trailblazer |
|
| 19 | УАЗ 220695-04 | Chevrolet Equinox |
|
| 20 | УАЗ Patriot | JAC J7 |
|
| 21 | УАЗ Hunter | JAC S7 |
|
| 22 | УАЗ 390995 | ||
| 23 | УАЗ 374195-05 |
* 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:
| Bank |
Limit within the NF RK, thousand tenge |
A limit within RB RK, thousand tenge |
A limit within NB RK, thousand tenge |
|---|---|---|---|
| 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.
II. Support of domestic exporters
Funds of the national Fund of the Republic of Kazakhstan are allocated to support domestic exporters through direct lending and leasing financing of projects in the manufacturing industry. The total funding limit is 35 billion tenge in 2015 and 15 billion in 2016.
Conditions of the program of support of domestic exporters:
| Term of crediting / leasing | up to 20 years |
| Nominal interest rate | not more than 6% per annum |
| Currency of crediting / leasing | tenge or other currency depending on the terms of the transaction |
| Provision for loan/lease | In accordance with the requirements of JSC "DBK" and/or "DBK-Leasing» |
Support for the production of passenger cars
Funds of the national Fund of Kazakhstan are allocated to support Kazakhstan's manufacturers of passenger cars. JSC "BRK "provides JSC "NC "KTZ "or a subsidiary of JSC "NC "KTZ "that meets the requirements of the internal acts of JSC "BRK", a loan on the terms of intended use. The total funding limit is 5 billion tenge.
Conditions of the passenger cars production support program:
| Nominal interest rate | up to 2% per annum |
| Credit period | up to 20 years |
| Grace period for payment of principal debt | up to 120 months |
| crediting currency | tenge |
