Kazakhstan Bank of Development JSC informed about results of conference "Interaction of Business and Kazakhstan Bank of Development: experience and perspectives"
30.01.08 16:09
/KASE, January 30, 08/ - Kazakhstan Bank of Development JSC
(Astana), securities of which are traded in Kazakhstan stock exchange's
(KASE) category "A" official list, provided KASE with the press-release in
which the following is informed:
Quotation begin
Passed on January 25 in Astana Practical conference "Interaction of
Business and Kazakhstan Bank of Development: experience and
perspectives", had become the next initiative of KBD, aimed on activization
of cooperation with business and commercial organizations. In this
connection also in May 2007 was held the International conference
concerning questions of state-private partnership (SPP) and in June 2007
was signed the Agreement about partnership with six Kazakhstan
commercial banks.
In the Conference had participated representatives of all large Kazakhstan
banks, companies - borrowers and also new potential clients of KBD.
During the Conference were discussed questions of financing of investments
considering formed external and internal conditions. Chairman of Board of
directors of KBD M.Sagyndykov had noted the significant growth of amount
of projects and loan portfolio of KBD. In total since beginning of activity by
the Bank were approved and are on different stages of realization 150
projects for total amount of $5.9 bn. In year 2007 the Bank approved 50
projects for total of $3.2 bn.
General director of VITA JSC P.Potapov, head of Paragon Development LLP
S.Kushenov had also bring the number of important suggestions in relation
of widening of its activities. Particular anxiety of business for the last time is
causing the significant decrease of volume of financing of circulating assets
by commercial banks.
Separately was discussing the refinancing of investment projects of
commercial banks in the frames of Plan of initial actions for providing of
stability of financial sector of economy of RK. In the frames of given program
by the Bank were approved first 12 projects for a total sum of refinancing
$250 m.
By the words of President of KBD Zh.Zhakanov in year 2008 KBD will not
only decrease, but increase significantly the financing of production sector,
both in the frames of state programs and by account of own funds. Already in
perspective portfolio of Bank are about 130 projects for amount more than
$2.5 bn. Still main priorities will be electro-energy and transport
infrastructure, processing industry and agricultural products processing. Is
considering the possibility of financing of projects of tourist infrastructure.
General opinion of participants was positive estimation and need of continue
of different forms of dialog for activization of cooperation between business
and development institutions.
Quotation end
[2008-01-30]