Economy • 30 January, 2020

Loan portfolio of the Kazakh Development Bank reached 1 728 billion tenge

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Development Bank of Kazakhstan presented results for 2019 and discussed new approaches to work and tasks for 2020. 

According to the speakers, the volume of the DBK's loan portfolio reached 1,728 billion tenge, an increase of 31.5 billion tenge (1.9 %) compared to 2018. In General, DBK finished 2019 with a positive financial result - consolidated net profit amounted to 7.5 billion tenge. The volume of equity amounted to 424.1 billion tenge, an increase of 12.8% compared to 2018.

In 2019 on loans allocated 481 billion (including interbank loans amounting to 28 billion tenge), and in the framework of the direct loan approved to finance 11 investment projects and 3 export operations of the enterprises of non-oil sectors totaling 436,5 billion tenge.

The DBK ensures the increased demand of the Bank's borrowers for credit resources in the national currency. The share of loans in tenge in the structure of the DBK's loan portfolio in 2019 increased from 43% (721.7 billion tenge) in 2018 to 53% (915.3 billion tenge).

As part of the State program of industrial and innovative development for 2015-2019, the DBK approved 23 projects for financing totaling 467.8 billion tenge (including 253 billion tenge from state sources), the available amount for financing is 113.2 billion tenge.

In 2020 and 2021, the DBK is planned to develop projects worth about 430 billion tenge and 458 billion tenge, respectively. By 2021, the Bank's loan portfolio will amount to about 2 trillion tenge. For the current year, the DBK has identified a portfolio of potential projects, the industry structure of which mainly consists of projects in the manufacturing industry and infrastructure for a total amount of loans of about 1 trillion. tenge.

The strategic plans of the DBK include achieving the key indicators set by the Baiterek holding and the Government are active support for Kazakhstan's exporters, development of competencies for financing "green projects", environmentally friendly projects in the manufacturing industry and infrastructure, joint work with second-tier banks on projects and cooperation with international investors.

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