/KASE, April 11, 2025/ – Development Bank of Kazakhstan JSC (KASE ticker
– BRKZ) has announced the following:
quote
The Development Bank of Kazakhstan (a subsidiary of Baiterek Holding)
provides clarification regarding the information presented in a recent press
release issued by the Supreme Audit Chamber of the Republic of Kazakhstan.
The rates provided by DBK within the framework of the programs strictly
correspond to the parameters of financial and economic justifications approved
by authorized state bodies.
The administrators of the programs, the sectoral ministries, set the maximum
remuneration rates. The calculation of maximum remuneration rates for the
preparation of the budget application is based on the ratio of market and
budgetary borrowed funds, as well as the weighted average credit rating.
For reference: to determine the remuneration rate, DBK uses international
approaches to risk management, including a credit rating scale corresponding to
the systems of the world's leading agencies: Standard & Poor's, Moody's and
Fitch.
In this regard, the Supreme Audit Chamber has found no violations on the part of
the Bank concerning to non-compliance of remuneration rates with the terms of
government programs.
unquote
This information is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_100425_1.pdf
[2025-04-11]