KazAvtoZhol and a syndicate of Kazakh banks signed a loan agreement worth up to 700 million dollars KazAvtoZhol signed an agreement with a syndicate of Kazakh banks consisting of Halik Bank and Eurasia Bank. The funding will be used to develop investment projects of the national company, which previously received support from the Development Bank of Kazakhstan. The agreement stipulates long-term cooperation until 2034. The organizer of the syndicated financing and the agent bank is Halic Bank. According to the Deputy Prime Minister - Minister of National Economy Serik Jumangarin, we are talking about refinancing existing obligations to DBK at the expense of the commercial banks. This will divert part of the Development Bank's credit limit to finance new priority infrastructure projects.

KazAvtoZhol and a syndicate of Kazakh banks signed a loan agreement worth up to 700 million dollars KazAvtoZhol signed an agreement with a syndicate of Kazakh banks consisting of Halik Bank and Eurasia Bank. The funding will be used to develop investment projects of the national company, which previously received support from the Development Bank of Kazakhstan. The agreement stipulates long-term cooperation until 2034. The organizer of the syndicated financing and the agent bank is Halic Bank. According to the Deputy Prime Minister - Minister of National Economy Serik Jumangarin, we are talking about refinancing existing obligations to DBK at the expense of the commercial banks. This will divert part of the Development Bank's credit limit to finance new priority infrastructure projects.