Kazakhstan, Astana, March 28 / Trend A.Maratov /
Authorities of Development Bank of Kazakhstan's (DBK) Head Gali Iskaliev have been terminated, the bank reported on Monday.
"The DBK Board of Directors has agreed with the decision of the Bank's sole shareholder - the National Welfare Fund Samruk-Kazyna on dismissing Iskaliev," the report reads.
Besides, Iskaliev was also dismissed from the Board of Directors of DBK-Leasing . The report does not reflect reasons for such a decision.
First Deputy Chairman of the Board Nurlan Kusainov will temporally fulfill Iskaliev's authorities.
The DBK is an investment institution of the Kazakh government to finance non-oil sector of the economy.