Kazakh Development Bank presents concept of joint syndicate with 22 commercial banks
15:24, 3 November 2014
ALMATY. KAZINFORM "The Development Bank of Kazakhstan has presented a concept of a joint syndicate with 22 commercial banks," its CEO Bolat Zhamishev told following the results of the meeting with the representatives of the second-tier banks.
The Development Bank puts forward an initiative to fund the projects of the second-tier banks on terms of co-financing of syndication. Co-financing of the investment projects within the second five-year plan of the industrial and innovation development of Kazakhstan will let the Development Bank and commercial banks to share credit risks, provide better expert review and monitoring of implementation of the projects.