OREANDA-NEWS. On October 23, 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 in which the following is informed, reported the press-centre of KASE:

Kazakhstan Bank of Development JSC with aim of widening of further cooperation had entered with official suggestion to second tier banks of Kazakhstan (STB) about possibility of refinancing of investment projects of STB. The given suggestion is contained in the letter, directed to leaders of STB.

Projects of STB, directed on refinancing, have to correspond the investment priorities and credit policy of KBD. The exclusion for refinancing are:
production of gun, alcohol products and tobacco goods, exploration and production of raw materials, habitation building, building of educational and public-entertaining complexes and other similar projects.

Term of loan have to be not less than 5 years with amount of not less than 5 m. US dollars. Loans on suggested projects have to be classified as "standard" with enough provision level.

More detailed information about Kazakhstan Bank of Development, list of needed documents is available at the site www.kdb.kz, with questions and requirements please address to Projects' Crediting Department director Kidrisov Rustam by tel..: +7717 2792637, fax: +7717 2792640, e-mail: ruslan@kdb.kz