/KASE, March 11, 16/ – Development Bank of Kazakhstan JSC (Astana), whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press-release:
quote
Development Bank of Kazakhstan JSC (subsidiary structure of Holding "Baiterek",
hereinafter – the Bank, DBK) in association with the consortium of international
companies EY and McKinsey&Company completed a project on construction of an
efficient model of lending activities and implementation of new financial
products (hereinafter – the Project). The Project led to an improvement of the
lending process, reduction of lending and operational risks, also by way of
setting up an early notification system, implementation of a pilot product,
Islamic leasing "Ijara", based on the Bank's subsidiary - "DBK-Leasing". In
addition, a "road map" on automatization of up to 70% of all business-processes
within the Bank's lending activities was drawn up.
unquote
The full press-release is available on KASE website at
http://www.kase.kz/files/emitters/BRKZ/brkz_reliz_100316.pdf
[2016-03-11]