The Board of Directors of the Development Bank of Kazakhstan has approved the updated Development Strategy for 2024–2033.
The document is aimed at promoting economic growth and contributing to the Government’s targets for increasing GDP. The Strategy has been developed in alignment with the revised Development Plan of “Baiterek” Holding. Under this plan, the Holding will allocate 8 trillion tenge to finance the real sector of the economy, of which the DBK will allocate 2.2 trillion tenge and 1.5 trillion tenge will go to finance the manufacturing industry and infrastructure through the instruments of JSC “Industrial Development Fund.”
Development of Manufacturing and Infrastructure.
The Bank will continue to support manufacturing projects with a high socio-economic impact, with a focus on the production of mid- and high-value-added products, import substitution initiatives, and export potential expansion. In parallel, financing will be provided for infrastructure and food security projects, which form the foundation for the country’s sustainable economic development.
In line with the updated Development Strategy, the Bank’s financing volume for the 2024-2033 period has nearly tripled — reaching 21.6 trillion tenge through the Bank’s own instruments and an additional 12.5 trillion tenge via the Industrial Development Fund. As a result, by 2033, the annual revenue of supported enterprises is expected to increase to 7.4 trillion tenge, with annual exports revenue reaching 3.1 trillion tenge. To achieve these objectives, the Bank will employ a comprehensive range of instruments, including medium- and long-term lending, syndicated financing, leasing, guarantees, and interbank lending.
Expansion of Financial Instruments and New Approaches
The updated Strategy also provides for:
- cluster-based financing model – involving close coordination with other subsidiaries of “Baiterek” Holding and development of joint instruments to support end-to-end value chains and export-oriented projects;
- diversification of the funding structure – the Bank will continue issuing debt securities on domestic and international capital markets in various currencies, depending on market conditions and funding needs;
- further development of partnerships with second-tier banks and international financial institutions for financing the economy through co-financing mechanisms, syndicated financing, and the provision of guarantees
- business process optimization, including streamlining application review procedures, digitalizing internal processes, and enhancing interactions with borrowers.
Financial Sustainability
One of the Bank’s strategic priorities remains ensuring financial sustainability and strengthening its funding base. By 2033, the Bank Group aims to achieve the following financial targets:
- increase the share of credit and leasing portfolios in the total assets structure to 77%;
- maintain the loan loss provisions level at no more than 10% annually;
- allocate at least 65% of total borrowing structure to non-governmental sources.
To meet these objectives, the Bank will continue to operate actively in both domestic and international capital markets, strengthening investor confidence and diversifying funding sources.
ESG Integration and Institutional Development.
As part of its third strategic pillar “Sustainable Development” the Bank will focus on the integration of ESG principles into the operations of borrowers, the enhancement of corporate governance, and the development of human capital.
At the same time, the Bank plans to implement modern digital solutions to optimize its operations, including the launch of the “DBK Product Space” platform and the application of a product-oriented approach.
The full text of the Development Strategy for 2024–2033 is available on the official website of JSC Development Bank of Kazakhstan in the “Bank Strategy” section.
