/KASE, January 26, 2021/ – Development Bank of Kazakhstan (Nur-Sultan),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated January 25, 2021:
quote
Development Bank of Kazakhstan JSC (a subsidiary of Baiterek National
Management Holding JSC, hereinafter referred to as DBK, Bank), despite the
difficult economic situation caused by the coronavirus pandemic, continues to
increase its loan portfolio. The volume of the portfolio reached 1 975 billion
tenge, which is 14.3% compared to 2019. At the same time, Development Bank
invested 506.2 billion tenge in the manufacturing industry and infrastructure,
financing 34 key projects for the national economy.
The slowdown in the growth of the world economy and the global decline in
production volumes had an insignificant effect on DBK's lending activities. DBK
finished 2020 with a positive financial result. According to unaudited data, the
consolidated net profit amounted to 25.4 billion tenge. The volume of equity
capital amounted to 516 billion tenge, showing increase of 21% compared to
2019.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_reliz_250121_1.pdf
[2021-01-26]