Development Bank of Kazakhstan signs agreements with Czech financial institutions

25.04.23 12:24
/KASE, April 25, 2023/ – Development Bank of Kazakhstan JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated April 24, 2023: quote On April 24, 2023 Development Bank of Kazakhstan JSC (a subsidiary of NUH Baiterek JSC, hereinafter – DBK, Bank) signed documents on cooperation with two financial institutions of the Czech Republic within the framework of participation in the Kazakh-Czech business forum which is taking place these days in Astana. As a result of the bilateral meetings, a cooperation agreement was signed with Export Guarantee and Insurance Corporation (EGAP) which is the state export insurance company of the Czech Republic. The document is aimed at strengthening cooperation between the two companies to promote trade and investment flows between the Czech Republic and the Republic of Kazakhstan. DBK intends to act as a borrower or a guarantor in transactions between the countries. The total volume of transactions within EGAP insurance coverage can reach up to 150 million euros. In addition, DBK signed a cooperation agreement with Czech Export Bank (Česká exportní banka, a.s.). The parties expressed their readiness to support trade and other forms of economic cooperation between the two countries, enterprises, and entrepreneurs by providing their programs and available financial instruments. unquote The complete press release is available on – [2023-04-25]