DBK plans in 2006 to pass 20% of its assets in external management

/INTERFAX-KAZAKHSTAN, Almaty, December 20, 05/ - State Development bank of Kazakhstan JSC (DBK) plans in 2006 to part of its assets to pass foreign managers - in the size $100-120 m. "The next year we intend to pass part of assets in external management with a view to keep the capital. Primary this will be nearly 20% from own capital, or in the size $100-120 m.", - Kambar Shalgimbayev, president of DBK announced to reporters on Tuesday in Almaty. At that he stressed that corresponding contest on election of external manager DBK intends to hold in the first half of the next year. "Most probably, - he noted, - this will be one manager, because amount of assets is small". However in prospect, according to him, the bank does not exclude increase of size of assets in external management to 50%. K.Shalgimbayev also informed, that at present time the bank's own capital is $560 m., and by the end of 2006 this index is planned to be increased to $700 m. [2005-12-20]