/IRBIS, May 22, 02/ - Vice-president of Development Bank of Kazakhstan CJSC (Astana) Timur Zhakselekov and the Chairman of the Board of Bank CenterCredit OJSC (Almaty) Vladislav Li have signed a Memorandum on collaboration. It is said in a press release distributed today by Bank CenterCredit OJSC.

It is said in the report that within the Memorandum itself the sides intend to realize joint programs in the sphere of co-financing of export transactions for the amount not less than 1 million US dollars and investment projects for the amount not less than $5 million of large agriculture and industrial projects. Besides, Bank CenterCredit OJSC plans to serve investment projects and export transactions accepted to financing by Development Bank or joint financing, to be a guarantor of investment project or export transaction financed by Development bank.

"The signed agreement will give an additional impulse for realization of state program on development of industrial infrastructure and processing productions through attraction of domestic investments in the economy," is said in the report.

[2002-05-22]