/KASE, January 29, 2020/ – Development Bank of Kazakhstan (Nur-Sultan), whose
bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided
the following press release dated January 29, 2020 to KASE:
quote
Development Bank of Kazakhstan JSC (a subsidiary of Baiterek National Managing
Holding JSC, hereinafter – DBK, the Bank) continues to increase its loan portfolio,
the volume of which according to the preliminary results of 2019 reached 1 728
billion tenge, an increase of 31.5 billion tenge or 1.9 % compared to 2018. At
the same time, since the creation of the Baiterek Holding in 2013, the volume of
the Development Bank's loan portfolio has increased by 4.6 times or 356%.
DBK finished 2019 with a positive financial result - according to unaudited data,
consolidated net profit amounted to 7.5 billion tenge. The volume of equity
amounted to 424.1 billion tenge, an increase of 12.8% compared to 2018.
During the reporting period, the Bank allocated 481 billion tenge for lending to
the economy (including interbank lending in the amount of 28 billion tenge), and
within the framework of direct lending, the Bank approved 11 investment projects
and 3 export operations of non-resource industries for a total of 436.5 billion
tenge. These are major projects such as: construction of SPP with capacity of
100 Mwatt in Kapchagai, construction of Saryarka Main Gas Pipeline, construction
of a Plant for the production of methyl-tert-butyl ether in Shymkent, expansion
of the processing capacity of MPP in Aktogay, provision of broadband access to
rural settlements of the Republic of Kazakhstan using fiber-optic communication
lines, construction of the second stage of a poultry plant for broiler farming
in Akmola region, and other projects.
unquote
Full press release is available on KASE website (in Russian) –
http://kase.kz/files/emitters/BRKZ/brkz_reliz_290120_1.pdf
[2020-01-29]