French Bank lends EUR 200 mln loan to KDB


Arnur Rakhymbekov

French Bank lends EUR 200 mln loan to KDBKazakh-French business forum which gathered representatives of both countries business circles has kicked off in Astana today.

In the course of the forum the Development Bank of Kazakhstan JSC and BNP Paribas have entered into a loan agreement to the amount of EUR 10.2 mln.

This is the first loan extended within the credit line of the French Bank opened earlier. Its total amount is EUR 200 mln. The attracted funds will be directed to financing supply of Finnish equipment within the investment project on construction of a gas-turbine electric power station at Akshabulak deposit under the coverage of Finnvera export credit agency (ECA).

It is worthy to note that this is the first deal of the Kazakhstan Development Bank with the participation of foreign ECAs since beginning of restructuring Alliance and BTA Banks.

The signing of the agreement sets the best pattern of growing trust of European creditors to the DBK.

* * *

Kazakhstan, France signed several agrts


Kanat Kulshmanov

As earlier reported,  Kazakh-French business forum is being held in Radisson SAS hotel within the official visit of French Leader Nicolas Sarkozy to Astana in the course of which a number of commercial agreements have been signed.

In particular, Mayor of Astana Imangali Tasmagambetov and President of Alstom Company Patrick Kron inked a memorandum of mutual understanding in drafting and financing the projects “New public transport system of Astana”. Vice Minister of Defense of Kazakhstan Ratmir Konratov, Chairman of Kazakhstan Engineering Murat Mukhamediyarov and President of Thales Group Corporation Luc Vigneron entered into agreement on intentions on development of new communication technologies and automated control of armed forces at Thales Kazakhstan Engineering joint enterprise.

Besides, a memorandum of mutual understanding among SamrukKazyna National Welfare Fund and EADS and Eurocopter companies was signed. Kazakhstan Temir Zholy NC JSC and Alstom Transport S.A. signed an agreement on realization of a pilot project on electric switch mechanisms testing. Development Bank of Kazakhstan and BNP Paribas signed # 001 individual loan agreement within the Frame Agreement as of Sep 23, 2009.

12 commercial agreements and other documents were signed within the forum in total.