Kazakhstan Development Bank shows high financial performance
ASTANA. April 9. KAZINFORM Upon the results of accomplished financial accounting audit Kazakhstan Development Bank JSC showed growth of the key financial and performance indicators in 2008. The assets of the bank increased by 64% and reached KZT 374,6 bln. The net interest yield of the bank increased by more than 80%, the press service of the Bank informed Kazinform. The volume of the loan portfolio of the bank increased more than 2,4 times and was up to USD 1,8 bln in 2008. 31 new investment projects and 13 export operations to the amount of USD 9,1 bln were approved for financing. The amount utilized by investment projects and export operations was USD 1,2 bln (285%) compared to 2007. The rates of 2008 are the highest in the history of the Bank’s existence.