/KASE, May 29, 2020/ – Development Bank of Kazakhstan (Nur-Sultan), whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release of May 29, 2020:
Development Bank of Kazakhstan JSC (a subsidiary of Baiterek National
Managing Holding JSC, hereinafter - the Bank, DBK), in order to finance the
program of preferential car loans, sent the next tranche for car loans in the
amount of KZT 20 billion to second-tier banks (hereinafter – STB).
By issuing bonds, DBK borrowed KZT 20 billion from Kazakhstan Sustainability
Fund JSC (hereinafter referred to as KSF, a subsidiary of the National Bank), in
accordance with resolution No.79 of the Management Board of the National Bank
dated May 31, 2019.
To date, commercial banks have received funds in the following amounts:
SB of Sberbank JSC – KZT8 bln.;
SO of VTB Bank JSC (Kazakhstan) – KZT5 billion;
Fortebank JSC – KZT5 bln.;
Halyk Bank of Kazakhstan JSC - KZT2 bln.
The complete press release is available on KASE website –