16.02.2021

Asian Development Bank

Since 2011, JSC «FRP»  Damu» signed 4 agreements with ADB for a total of USD 700 million. Under these agreements, the loan was repaid in full.
In November 2019, a loan agreement in the amount of US $ 88 million was signed between the Otbasy Bank Housing Construction Savings Bank and ADB to implement a new banking program to provide mortgage financing to women borrowers. In October 2020, a state guarantee was received for this project. Attraction of the first tranche in the amount of 20% of the total loan amount is planned at the beginning of 2021
Currently, negotiations are underway to attract a loan in tenge in the amount of 100-200 million US dollars under a state guarantee for the Agrarian Credit Corporation Joint Stock Company (hereinafter - AKK JSC) in order to finance livestock projects (feed production, rearing and slaughter livestock, production of other livestock products) in the Republic of Kazakhstan. Preliminarily, it is planned to attract financing for up to 10 years.