OREANDA-NEWS. August 08, 2007 Kazakhstan Bank of Development JSC (Astana), securities of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list had provided KASE with the press-release with next contention, reported the press-centre of KASE:

In Astana had taken place the press-conference of top-management of Kazakhstan Bank of Development JSC. By the words of Chairman of Board of directors of Bank Askar Sembin since first half-year of year 2007 Kazakhstan Bank of Development (included into FRM Kazyna) conducts its activities in accordance with Development plan for years 2007-2009. Since beginning of year to financing were approved 5 investment projects and 6 export operations, for amount of $947,3 m., from them participation of Bank makes $238,8 m.

As the branches for financing were selected transport infrastructure, energy, metallurgic industry and etc. From larges approved projects - financing of second stage of building the Moynakskaya hydroelectric power station. Total sum of loan makes $50 m. Hydroelectric power station will be built in Raimbekskiy district of Almaty region with aim of supply of electric energy to deficit energy system of Southern part of RK. The other important project had become the widening of Aktausskiy sea trade port (total sum of loan of KBD - $100 m.).

Since beginning of current year volume of assets of the Bank increased by 30%, having reached as of June 30, 2007 KZT231 bn. At that net income of the Bank as of end of first half-year totaled KZT1,7 bn.

For today Bank enters five of most capitalized banks of the country. At that funds of authorized capital are not directing on aims of crediting, its net income is directing on forming of reserved capital. For today shareholders' capital of the Bank totals $721 m.

Role of Bank as leading financial institution of the country is supported by dynamically growing volumes of crediting the economy. For today by the Bank were financed 105 projects for the total amount of more than 3 bn. US dollars, participation of Bank in which makes about $1,5 bn..

On May 31, 2007 in Astana had taken place the International conference "State-private partnership as factor of economy development", the organizer of which had become Kazakhstan Bank of Development.

In June in Almaty by the Bank was signed the Agreement about cooperation in field of co-financing of projects with group of commercial banks – Alliance Bank JSC, Bank TuranAlem JSC, Bank CenterCredit JSC, Kazkommertsbank JSC, Halyk Bank of Kazakhstan JSC, which had become the first step to long-term cooperation with second tier banks of Republic of Kazakhstan and had based the foundations of investment cooperation. Also in July had taken place the presentation f Bank's representation in Republic of Uzbekistan..

Actively had acted the daughter organization of Bank - BRK-Leasing JSC. Since beginning of year 2007 20 projects were approved to realization with total sum of $311,3 m. with participation of BRK-Leasing JSC in sum of $120,2 m. Since the moment of creation of BRKL 32 projects were approved for the total amount of about $386,2 m., in which participation of BRK-Leasing JSC made $161,2 m., including within the frames of textile cluster of 8 projects for amount of $129,4 m., with participation for amount of $51,9 m.

Kazakhstan Bank of Development by financing of industrial and innovation projects brings the great impact to stable development of the Republic. Main effects from realization of projects are: creation of new vacancies, transfer of new technologies, widening of production basis in the country, social development, training of personnel, increasing of tax inflows to budget.