DBK hampers business development- Astana akim

Date: 10:09, 27-05-2014.

Astana. May 27. KazTAG – The Development Bank of Kazakhstan (DBK) hampers business development in the country, said Imangali Tasmagambetov, Astana akim.

"They keep defense no matter how long one might explain importance and necessity of his business plan. They immediately get at dagger point and it is impossible to find agreement with them. Fundamentally the DBK is a brake, we must sort this situation out, it's my opinion," he said.

Timur Kulibayev, chair of presidium of the national business chamber, reminded that DBK uses state funds.

"I'd like to indicate that the Development Bank of Kazakhstanis not a successful example of financial institute but it must repay money it took. By the way you are a lucky man you received a credit in the DBK. You are a hero because it is impossible to get money there," he said to a businessman.

During the conference the bank's loaner- director of plant on tires wastes utilization Yermek Abdiyev said "our project on tire wastes utilization was financed among several other projects of Kazakhstani Development Bank. All these projects without exceptions were not implemented or implemented with further bankruptcy. The financing terms have been recognized as enslaving by decisions of many judicial instances," he said.

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