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Information on Concessional Financing Conditions on DBK Line using the funds of National Fund

Interbank lending is a conditioned financing of end-use borrowers through regulated banks.

The aim of interbank lending (hereinafter - IBL) is financing of Development Bank projects of private enterprise in prioritized branches of economy in the segment of value up to 30 million US dollars, venturing and expanding existing enterprises in manufacturing sector, refinancing of existing projects and working capital financing.

Mechanism of co-lending allows KDB bring moderate financing to small and medium enterprises, in addition to sharing credit risks and procedure of monitoring project execution with commercial banks.

From January of 2014, KDB accredits to end-use borrowers through regulated banks in the framework of following programs of Bank:

1. Support Program of industrial-innovative development of the Republic of Kazakhstan by the means of financing regulated Banks by “Kazakhstan Development Bank” JSC.

2. Credit program for regulated Banks by “Kazakhstan Development Bank” JSC.

KDB has been carrying out financing of government program for supporting enterprise entities, which was established by Government of RK in 2014-2016 through commercial banks since December of 2014:

1. Accrediting the entities of large scale enterprise in manufacturing sector (I and II tranche)

2. Supporting domestic producers and exporters (I and II tranche)

3. Financing flowing capital of small, medium and large scale enterprise entities through regulated banks.

Overall, as per 15th September of 2016, 18 commercial banks act as partner banks of KDB in the framework of IRB.

Investment of funds in regulated banks for accounting period reached 245,65 billion tenge. Among them more than 59% of funds is directed into manufacturing sector and other prioritized branches of economy, 11% for supporting domestic producers and exporters, 30% for working capital financing of entities of large and medium scale enterprises. Overall, under interbank crediting as per 15th September 2016, Development Bank financed more than 70 projects in manufacturing industry, provided 7633 credits for acquisition of automobile transportation of domestic car manufacturers, provided 35 loans under the program of working capital financing.

Under the program of IRB, financing is given to chemical and metallurgical industry enterprises, food and beverage manufacturing, clothes, paper products, furniture, charred coal, refined products, basic drug products and medication, and so on (overall 23 branches).

Under the conditions of the interbank financing, it is prohibited for bank partners to invest devoted funds into financial instruments and/or operations with them, as well as into exchange market for purchasing foreign currency. KDB conducts regular monitoring of process of loan disbursement and their intended use.