We will exert every effort to maintain competitive enterprises – Head of Kazakhstan Development Bank Gali Iskaliyev

We will exert every effort to maintain competitive enterprises - Head of Kazakhstan Development Bank Gali IskaliyevThe Development Bank of Kazakhstan is one of the major participants of the Kazakh Government’s anti-crisis program. It aims to promote sustainable economic growth of our country. To date the DBK is one of the main operators of financing new industrial projects. Head of the Bank Gali Iskaliyev told about the work which had already been performed in this direction and shared the plans for the future in an interview to Kazinform.

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Kazakh enterprises remain under scrutiny

Kazakh enterprises remain under scrutinyThose who had pinned their hopes on troubled Kazakh companies getting a facelift in the eyes of the international financial world by government interventions have so far been disappointed.

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Kazakhstan Local Currency Credit Rating Cut to Baa2 by Moody’s

Jonathan Schiffer, a Moody’s vice president: “Shortfalls in government revenues connected with worsening growth prospects may come at a time of increasing stresses in the banking system, as non-performing loans grow rapidly. The government’s financing gap may widen considerably because of overly optimistic forecasts for the budget outcome.’’

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