The Eurasian Development Bank (EDB) and Bank CenterCredit JSC have agreed to expand strategic cooperation on arranging syndicated loans for investment projects in Kazakhstan’s priority economic sectors.
The memorandum was signed in Abu Dhabi on November 10 by EDB Deputy Chairman of the Management Board Ruslan Dalenov and Bank CenterCredit Vice President and Management Board member Nurlan Shegebayev. The signing took place at an event marking the launch of the EDB office at Abu Dhabi Global Market (ADGM), attended by representatives of the UAE Ministry of Finance.
The EDB said the two banks had taken part in financing the further development of Almaty International Airport as members of a syndicate arranged by Bank of America. The total financing amounted to $670 million.
