Development Bank of Kazakhstan expands cooperation with consulting companies

11.10.21 19:13
/KASE, October 11, 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 October 11, 2021: quote DBK forms a register of companies that will be recommended to prospective borrowers of the Bank as consultants for project proposal preparation. Project proposal preparation consultant. Who is it? A project proposal preparation consultant is a new category of consultants introduced by DBK. His/her task is to provide a prospective borrower with expert services in preparing a package of documents for a funding request in accordance with the requirements of DBK. What is it for? The Development Bank of Kazakhstan finances large-scale and technically complex projects, often greenfield projects that require detailed planning and elaboration of important project components: technical, marketing, financial, etc. Often, a package of documents received by the Bank from prospective customers does not meet the requirements of the financial institution for a business plan and other documents, which significantly increases the terms of request processing. As practice has shown, often borrowers do not have enough labor and time resources to prepare or finalize a package of documents. For example, a prospective borrower of the Bank, being aware of all the project information, for any objective reasons cannot state and formalize it properly. Consequently, the Bank periodically receives requests from project initiators to render services for the development or finalization of documents. The services of an external consultant will contribute to the qualitative formation of a package of documents, such as the preparation of a feasibility study (FS)/Business Plan, legal documentation for the project in accordance with the requirements of the Bank. These measures will have a positive effect on the terms of request processing. unquote The complete press release is available on – [2021-10-11]