On January 25 in Astana had taken place the opening of practical conference "Interaction of Business and Kazakhstan Bank of Development: experience and perspectives"
28.01.08 12:08
/KASE, January 28, 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
Today in Astana had taken place the opening of Practical Conference
"Interaction of Business and Kazakhstan Bank of Development: experience
and perspectives". As the organizer of conference is acting Kazakhstan
Bank of Development JSC, entering the staff of Fund for stable development
Kazyna. In the Conference are participating the representatives of second
tier banks (STB), participated by Plan of initial actions for provision of
stability for financial sector (refinancing of investment projects), managers of
companies-borrowers of Bank, management of FSD Kazyna and
Kazakhstan Bank of Development.
Main objective of conference is further strengthening of contacts between
development institutions and business circles, and also search for methods
of increase of effectiveness of such two-sided interaction.
Since start of activity in year 2001 by Kazakhstan Bank of Development is
providing the dynamical growth of crediting of economy considering real
investment demand of private sector and state. Bank finances projects in 11
branches of economy almost in all regions of Kazakhstan, and significant
stake of Bank's credits comes for processing branches of economy, in
particular in energy and transport infrastructure, which is priority for Bank.
So, for reporting period, were approved by Bank and are on different stages
of realization 151 investment projects and export operations for amount of
$5,935 m., at that participation of Bank made $2,439 m.
Bank is actively establishing cooperation with second tier banks. On June
25, 2007 Bank had signed agreement about cooperation in the field of co-
financing of projects with such commercial banks as: Alliance Bank JSC,
Bank TuranAlem JSC, Bank CenterCredit JSC, Kazkommertsbank JSC and
Halyk Bank of Kazakhstan JSC.
As the Chairman of Board of directors of Kazakhstan Bank of Development
JSC Mukan Sagyndykov noted: "Combining the principles and methods of
commercial banks and development institutions of fund, such mutually
beneficial cooperation will promote the realization of "bursting" projects of
regional and international meaning and new capital investments to priority
branches of Kazakhstan economy".
One of the first steps to long-term cooperation had become the suggestion
from the side of FSD Kazyna JSC and Kazakhstan Bank of Development to
second tier banks about possibility of refinancing of investment projects of
commercial banks in the frames of Plan of initial actions for provision of
stability of social-economic development of Republic of Kazakhstan,
announced in November 2007.
For today, by Bank's Board of directors were approved for financing 12
investment projects for total amount of almost $250 m.
By opinion of participants of conference, using the institutional and financial
potential of development institutions, KBD, STB and business-structure, it
has all conditions for effective cooperation, which will let to provide in future
the stable crediting of projects of real economy sector.
Quotation end
[2008-01-28]