/KASE, August 29, 2025/ – Development Bank of Kazakhstan JSC (KASE ticker – BRKZ) reported the following:

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August 28, 2025

On August 26, 2025, the international rating agency Standard & Poor's (hereinafter – the Agency) upgraded the outlook on the credit ratings of Development Bank of Kazakhstan JSC (hereinafter – the Bank, DBK) from "Stable" to "Positive" after a similar action on the sovereign ratings of the Republic of Kazakhstan.

At the same time, the Bank's long-term and short-term credit ratings in foreign and local currencies have been affirmed at "BBB-/A-3".

It is worth noting that the increase in the outlook for the credit rating of the Republic of Kazakhstan contributes to strengthening the economic and financial stability, improving credit sustainability to the level of countries with a higher rating, and also has a positive effect on the conditions for attracting investment from capital markets and increasing the volume of investments in the economy. It should be noted that the Agency emphasizes the reliable financial indicators of Kazakhstan.

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[2025-08-29]