EDB and Bank CenterCredit JSC Strengthen Cooperation to Finance Major Investment Projects in Kazakhstan
Abu Dhabi, 10 November 2026. The Eurasian Development Bank (EDB) and Bank CenterCredit JSC have agreed to expand their strategic cooperation in arranging syndicated financing for investment projects aimed at developing Kazakhstan’s priority economic sectors.
The Memorandum was signed in Abu Dhabi by Ruslan Dalenov, Deputy Chairman of the Management Board of the EDB, and Nurlan Shegebayev, Vice President and Member of the Management Board of Bank CenterCredit, during an event marking the launch of the EDB office at Abu Dhabi Global Market (ADGM), attended by representatives of the Ministry of Finance of the United Arab Emirates.
“Cooperation between the Eurasian Development Bank and Bank CenterCredit JSC is developing actively, moving towards the practical implementation of joint investment projects, including through syndicated financing arrangements. One successful example of this cooperation is the participation of our banks in financing the further development of Almaty International Airport as part of a syndicate arranged by Bank of America, with total financing amounting to USD 670 million. Building on this positive experience, the parties intend to expand their cooperation, including through participation in new syndicated transactions and the financing of major investment projects in Kazakhstan,” said Ruslan Dalenov, Deputy Chairman of the Management Board of the EDB.
“Syndicated lending is becoming one of the key drivers of financing for Kazakhstan’s real economy. The signing of this Memorandum reinforces our commitment to taking our cooperation with the Eurasian Development Bank to a new level. By combining our financial resources with our in-depth knowledge of the Kazakhstani market, we will be able to offer large businesses optimal long-term financing structures. This will help accelerate the launch of strategically important projects in priority industrial and infrastructure sectors,” commented Nurlan Shegebayev, Vice President and Member of the Management Board of Bank CenterCredit JSC.
Additional Information
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For 20 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By the end of June 2026, the EDB’s cumulative portfolio comprised 348 projects with a total investment of US $22,1 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.
Bank CenterCredit JSC was established in 1988 and is one of Kazakhstan’s oldest and largest commercial banks, operating under a universal banking model focused on providing convenient banking products through the use of modern technologies. The Bank has an extensive branch network and serves more than 3 million customers through over 150 branches across all regions of Kazakhstan.