EDB and Eurasian Bank JSC Develop Strategic Partnership in Syndicated Project Financing
Abu Dhabi, 10 November 2026. The Eurasian Development Bank (EDB) and Eurasian Bank JSC have agreed to establish a strategic partnership in arranging syndicated financing for investment projects, including the financing of large-scale energy projects.
The Memorandum was signed in Abu Dhabi 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.
“The signing of the Memorandum is aimed at developing a long-term partnership in syndicated lending and combining the financial resources and expertise of both parties to jointly finance large-scale projects that contribute to the development of Kazakhstan’s economy. These include energy projects that will help strengthen the country’s energy security,” said Ruslan Dalenov, Deputy Chairman of the Management Board of the EDB.
The EDB is already implementing a number of major energy projects, including initiatives under Kazakhstan’s national project, Development of Coal-Fired Power Generation, in Central and Eastern Kazakhstan, aimed at improving the reliability of energy supply. The power plants currently under construction will incorporate advanced technologies that comply with the requirements of the Environmental Code of the Republic of Kazakhstan. Renewable energy projects also represent a substantial share of the EDB’s energy portfolio.
“Eurasian Bank continues to expand its corporate banking business and has extensive experience in financing projects across strategically important sectors of the economy. Our cooperation with the EDB will enable us to leverage additional financing instruments to participate in major investment projects, including through syndicated lending arrangements, and provide more active support for the development of the real economy,” said Nazar Mamykanov, Managing Director of Eurasian Bank.
The Memorandum also provides for cooperation between the parties in arranging syndicated and interbank financing for other investment projects, including those implemented through investment funds involving the EDB.
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.
About Eurasian Bank JSC
Eurasian Bank JSC is one of the ten largest banks in the Republic of Kazakhstan by assets. It holds leading positions in the corporate and retail banking markets and offers a broad range of services to small and medium-sized enterprises (SMEs). The Bank operates 19 regional branches and 119 settlement and cash service offices across Kazakhstan. It is part of the ERG Group ecosystem, with ERG being one of the world’s largest companies in the mining and processing of mineral resources.