The EDB opens a RUB 5.7 billion loan facility for the DBK
Moscow, 4 December 2020. The Eurasian Development Bank (EDB) and the Development Bank of Kazakhstan (DBK) signed a loan agreement for the EDB to open a seven-year RUB 5.724 billion loan facility for the DBK. The signing ceremony took place in the sidelines of the First Eurasian Congress hosted by the EDB.
Transactions in the financial sector are among the EDB’s investment priorities as set forth by its Strategy for 2018-2022.
The funds will be used to finance investment projects in priority sectors within the mandate of the DBK.
“I would like to note that the document signed with the EDB will open a new direction of cooperation in respect of transactions in Russian roubles in the DBK’s priority lending areas,” said Abay Sarkulov, Chairman of the Management Board of the Development Bank of Kazakhstan.
“The EDB and the DBK have a long-standing partnership. I am confident that the signed agreement will create new opportunities for our Kazakhstani colleagues in terms of their investment activities,” commented Nikolai Podguzov, Chairman of the EDB’s Management Board.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The Bank was established in January 2006 by Russia and Kazakhstan and is headquartered in Almaty. Transport infrastructure, energy, chemical, mining, and mechanical engineering projects with a high integration effect account for the main part of the EDB’s portfolio.
The EDB Media Centre:
Alexander Savelyev +7 (985) 765 23 59 (Moscow)
Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)
Sergey Gorbachev +7 (916) 727 22 00 (Moscow)
Development Bank of Kazakhstan’s Public Relations Department:
+7 (7172) 79 26 08 (www.kdb.kz, facebook.com/kdb.kz, Twitter@KDBkz)