Manufacturing enterprises may receive 62.5 bln tenge at 7% from DBK

Development Bank of Kazakhstan JSC announces the availability of funds of 62.5 bln tenge, which manufacturing enterprises can obtain at an affordable rate of up to 7% per annum.

The funds are intended to replenish working capital and support exports of domestic non-resource goods abroad. The allowable loan amount is 1-7 bln tenge.

Enterprises can use the funds received to purchase raw materials and supplies, as well as to pay current expenses related to the production.

Loan term – up to one and a half years with the possibility of extending the financing or re-enrolling in the program.

«The aim of this program is to support small and medium-sized enterprises producing high value-added products. The multiplier effect lies not only in supporting the manufacturing industry itself, but also domestic suppliers of related goods and services, i.e. small and medium-sized businesses», says Nurlan Baibazarov, Chairman of the Management Board of DBK.

The program to support enterprises is long-term and will increase the capacity utilization of manufacturing sector enterprises, including those producing export-oriented products. The support will also help retain and grow jobs in the region.

Visit www.kdb.kz or contact Customer Relations Directorate via the contacts listed on official website for more details and application.

For reference:

Development Bank of Kazakhstan JSC, a national development institution specializing in the financing and development of large-scale infrastructure and industrial facilities in Kazakhstan. Visit the Bank’s website for information on basic financing terms and summary of projects.