The EDB and Kazpost lay the groundwork for future strategic cooperation

Nur-Sultan, 3 July 2019. The Eurasian Development Bank (EDB) and Kazpost signed a memorandum of understanding aiming at developing and strengthening cooperation between the institutions in respect of dealings in the money and capital markets. The memorandum intends to strengthen the parties’ mutually beneficial partnership and sets forth the key aspect of their future cooperation.

The document was signed at a meeting between Andrey Beliyaninov, Chairman of the EDB’s Management Board, and Saken Sarsenov, CEO of Kazpost, in Nur-Sultan.

The parties also made an agreement on the terms and conditions of interbank transactions in the foreign exchange and money markets, which makes it possible for them to enter into both exchange and over-the-counter transactions.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia and Tajikistan. 

Kazpost is Kazakhstan’s national postal operator and member of the global postal infrastructure. The company provides a wide range of postal, logistical, financial, brokerage, agency, and electronic services. Managing one of Kazakhstan’s largest networks of offices, Kazpost strives to bring its key services to the population in all the populated localities. It also supports the initiatives aimed at enhancing its participation in Kazakhstan’s development programmes. Kazpost is a member of the Samruk-Kazyna Group of Companies.