Development Bank of Kazakhstan looking to expand co-op with Turkish businessmen

Business Materials 9 April 2021 17:39 (UTC +04:00)
Development Bank of Kazakhstan looking to expand co-op with Turkish businessmen

BAKU, Azerbaijan, Apr. 9

By Nargiz Sadikhova - Trend:

Development Bank of Kazakhstan (DBK) is looking for new opportunities for strategic partnership and expanding the existing horizons of cooperation with Turkish businessmen, Trend reports citing the Bank.

The topic was discussed during the meeting held by the top management of DBK, headed by the Deputy Chairman of the Management Board Duman Aubakirov with representatives of the Kazakh embassy in Turkey with the participation of the Ambassador Abzal Saparbekuly.

Representatives of the Kazakh embassy in Turkey received a detailed online consultation on the current financing instruments of DBK, the government's support measures in the form of state programs, as well as the most promising industries within the framework of export support, privatization and public-private partnerships.

Managing Director of DBK Adil Ismagambetov also shared the existing experience of the Bank's cooperation with Turkish investors and businessmen. He noted that currently DBK finances two investment projects with Turkey's participation.

He added that DBK offers a wide range of instruments, such as medium-long-term lending for investment projects, co-financing and syndicated financing, financing through a bonded loan, and so on.

“Within the framework of lending for export and pre-export operations, participation in the Nurly Zhol state program of infrastructure development is envisaged. Potential borrowers may also be given the opportunity to attract subsidiaries of the Bank for financing,” he said.


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