A. Sarkulov appointed as Chairman of Management Board of Development Bank of Kazakhstan

/KASE, April 26, 2019/ – Development Bank of Kazakhstan (Nur-Sultan), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote Abay Sarkulov, who previously held the position of Chairman of the Board of "Damu" Entrepreneurship Fund" JSC, was elected Chairman of the Board of "Development Bank of Kazakhstan" JSC (hereinafter – DBK, Bank) by the decision of the Sole shareholder ("Baiterek" NMH" JSC) on 24 April present year. Deputy Chairman of the Board of "Baiterek" National management holding" JSC (hereinafter the holding "Baiterek"), Galymzhan Tadzhiyakov, presented the new head of the Bank's executive body to the DBK staff, and thanked Bolat Zhamishev, who chaired the DBK Board since August 2014, for the achievements. A. Sarkulov will take office starting from April 29 present year. A. Sarkulov worked in the DBK from March 2007 to February 2017, having worked his way from the Manager of the infrastructure projects lending department to the Deputy Chairman of the Board. From February 2017 to April 2019 A. Sarkulov chaired the executive body of "Damu" Entrepreneurship Fund" JSC. A. Sarkulov was born on August 13, 1981 in Aktobe region. In 2003 he graduated with honors from the faculty of Economics of Aktobe State University named after K. Zhubanov majoring in "Banking". A. Sarkulov has extensive experience in the banking sector, starting his professional career in 2002 from the position of a trainee in the branch of "Bank TuranAlem" JSC in Aktobe. In the period from 2003 to 2007 he worked in the capital branch of "Alma-Ata" International Bank" JSC in different positions: from currency operations manager to acting Deputy Director. In 2016, by the decree of the President of Kazakhstan A. Sarkulov was awarded with "Kurmet" order. unquote [2019-04-26]