/KASE, June 12, 2025/ – Development Bank of Kazakhstan JSC (KASE ticker – BRKZ) has announced the following:

quote

Within the framework of the new strategy of the National Managing Holding "Baiterek", the subsidiary organization of the structure Development Bank of Kazakhstan JSC (DBK, the Bank) announces unification of interest rates on its new investment projects financed in tenge. In order to strengthen support of entrepreneurs, taking into account market conditions and tasks of the Government and "Baiterek" Holding to stimulate economic growth, the Bank sets a unified interest rate of 12.6% per annum.

This decision is aimed at simplifying conditions for borrowers and increasing the availability of long-term financing for local companies. Previously, interest rates on projects in tenge could vary depending on the source of funding and the structure of the transaction. Now the Bank is introducing a unified approach, regardless of the industry, region or scale of the project, the interest rate on new investment projects will be the same.

unquote

The full version of the press release is available at see more

[2025-06-12]