State Development Bank of China to grant loan to Kazakhstan Development Bank
ASTANA. April 15. KAZINFORM Today in Beijing Kazakhstan Development Bank JSC and the State Development Bank of China signed a loan agreement. The signing ceremony took place as part of the official visit of Kazakh President Nursultan Nazarbayev to China, Kazinform refers to the press service of the Bank.As per the agreement, the State Development Bank of China will grant the Kazakhstan Development Bank a 10 year loan to the amount of USD 100 mln for financing of investment projects in industry and infrastructure. Both banks are members of the SCO Interbank Association and cooperate in financing and joint crediting of investment projects.