REFERENCE: Development Bank of Kazakhstan CJSC - general information, licenses, history, management
20.02.02 00:00
/IRBIS, information of the KASE Listing commission, Feb 20, 02/ - The
following information is published due to the admittance of the first issue
indexed inscribed coupon bonds of Development Bank of Kazakhstan CJSC
into official list of the Kazakhstan Stock Exchange (KASE) under category "A".
GENERAL INFORMATION
Date of initial state registration - May 31, 2001. Legal status - closed joint
stock company. Primary activities - banking services. The legal address: 33,
Pobeda Ave., Astana, 473000, Kazakhstan. Actual address: microdisctrict
Samal 12, ASTANA TOWER, office 18-I, Astana, 473000, Kazakhstan. Tel.:
(8-3172) 580260, fax: 580269. Email: info@kdb.kz.
LICENSES
Development Bank of Kazakhstan CJSC has a license #235 issued by the
National Bank of Kazakhstan on October 12, 2001 to conduct banking
operations in tenge and foreign currency, including: trust operations -
managing the money and securities in the interest of and upon the trust of
the trustee; opening and confirming the letter of credit and meeting its
obligations, as well as other operations set in the banking legislature,
including leasing.
Based on the law of Kazakhstan #178-II of April 25, 2001 "On the
Development Bank of Kazakhstan", the bank has the right to conduct
following activities without obtaining the license of the National Bank of
Kazakhstan:
- granting credits and issuing guarantees to legal entities, excluding the
banks of second tier, credit partnerships, state pension funds, pension
assets management companies, investment funds, insurance companies
and lessors, as well as excluding issuance of guarantees on the
obligations of these institutions;
- opening and maintaining special accounts of conditional deposits, as well
as reserve accounts according to the agreements on loans guaranteed by
the state;
- opening and maintaining banking accounts to serve investment projects,
financed through the funds of the national and local budgets;
- fulfilling the orders of the bank borrowers on money transfer (transfer
operations);
- settlements upon the request of the bank borrowers, as well as
correspondent banks on their bank accounts;
- receipt of payment documents (except for bills) in favor of the borrower;
- issue of debt securities;
- renting its own property;
- dealing activities with government securities, as well as other securities in
cases specified by the banking law of Kazakhstan.
The bank has no rights to attract deposits, open banking accounts to
individuals and legal entities, except for the cases of opening and
maintaining accounts of conditional deposits, reserve accounts in
compliance with the agreements on loans guaranteed by the state, as well
as on serving investment projects, financed through the funds of the national
and local budgets.
HISTORY
The bank was established on April 25, 2001 based on the Decree #531 of
the president of Kazakhstan, dated December 28, 2001 "On Development
Bank of Kazakhstan" and according to the resolution #659 of the
Government of Kazakhstan, dated May 18, 2001 "On establishing closed
joint stock company Development Bank of Kazakhstan as a joint stock
company with 100% state stake in authorized capital of the bank".
The founders of the bank: Government of Kazakhstan represented by the
Ministry of Finance of Kazakhstan with the stake in the bank's authorized
capital at 75% and local executive bodies (akimats of 14 regions and Astana
and Almaty), whose total stake reaches 25% (1.5625% for each).
The purpose of foundation of this bank is the perfection and increasing the
effectiveness of the state investing activities, development of the production
infrastructure and processing industries, assistance in attracting external and
internal investments and solving the problems, satisfy the needs of real
sector of the economy in mid- and long-tem investing.
Development Bank of Kazakhstan CJSC has established correspondent
relations with following banks of Kazakhstan: KAZKOMMERTSBANK OJSC,
Bank TuranAlem OJSC, Halyk Bank of Kazakhstan OJSC, as well as with a
number of foreign banks: ING Barings (Amsterdam), Commerzbank AG
(Frankfurt), Commerzbank AG (London), Citibank (New York), Deutsche
Bank (New York).
In order to acquire international expertise, receive consultations and
exchange the information, Development Bank of Kazakhstan CJSC is
building a partnership relations with the International Monetary Fund, World
Bank and European Bank for Reconstruction and Development.
According to the law of Kazakhstan, the bank has the right to hold stakes in
authorized capitals of legal entities only in case it imposes penalty on the
stakes or shares of legal entities which were previously recorded as the
collateral by the bank for further sales.
Now, Development Bank of Kazakhstan CJSC is conducting talks about
getting credit ratings with rating agencies Standard & Poor's and Fitch
Ratings. Due to a special status of the bank, it plans to receive short- and
long-term ratings from these agencies in 2002.
MANAGEMENT OF THE BANK
Members of the Board of directors
Dosaev Erbolat Askarbekovich: chairman of the Board of directors, from
November 28, 2001 to present - chairman of the Natural Monopoly
Regulation, Competition Protection and Small Business Support Agency of
Kazakhstan;
Beisembetov Iskander Kalykbekovich: from October 2001 to present -
chairman of the Strategic Planning Agency of Kazakhstan;
Daukeev Serikbek Jusupbekovich: from February 2000 to present - akim of
Atyrau region;
Khrapunov Viktor Vyacheslavovich: last 3 years - akim of Almaty;
Dunaev Arman Askarovich: from May 2001 to present - vice-minister of
Ministry of Finance of Kazakhstan;
Andryushenko Aleksandr Ivanovich: from January 2001 to present - vice-
minister of the Ministry of Economy and Trade of Kazakhstan;
Mynbaev Sauat Mukhambetovich: from May 2001 to present - president of
Development Bank of Kazakhstan CJSC.
Top management of the bank
Mynbaev Sauat Mukhambetovich - president, acting sole executive body of
Development Bank of Kazakhstan CJSC, from July 1999 to May 2001 the
minister of Agriculture of Kazakhstan.
Kudyshev Murat Tishbekovich - vice-president from June 2001, from
November 1997 to June 2001 the deputy chairman of the National Bank of
Kazakhstan.
Jakselekov Timur Ermekovich - vice-president from June 2001, till now -
deputy chairman of Eximbank of Kazakhstan CJSC (Almaty).
Sartbaev Medet Maksutovich - vice-president from June 2001, from August
2000 to June 2001 deputy chairman of Halyk Bank of Kazakhstan (Almaty).
Balalanov Erik Jumakhanovich - managing director from July 2001, from
December 2000 to July 2001 chairman of Almaty Merchant Bank OJSC.
Jumagulov Baurjan Kusainovich - managing director from June 2001, from
March 2001 to June 2001 director of the department of Natural Monopoly
Regulation, Competition Protection and Small Business Support Agency of
Kazakhstan.
Orynbekov Kanat Zeifoldanovich - chief accountant - director of accounting
department from June 2001, from May 2001 to June 2001 worked at
PricewaterhouseCoopers branch office.