The banks signed a memorandum in Abu Dhabi to cooperate on syndicated financing for projects.
The Eurasian Development Bank and ForteBank will explore joint financing for investment projects in Kazakhstan, including through syndicated loans. They signed a memorandum in Abu Dhabi.
Author: Робот Source: Eurasian Development Bank
The Eurasian Development Bank (EDB) and ForteBank have signed a memorandum of cooperation on syndicated financing for investment projects in Kazakhstan. The signing took place in Abu Dhabi on November 10.
The memorandum was signed at an event marking the launch of the EDB office at Abu Dhabi Global Market (ADGM). Representatives of the UAE Ministry of Finance also attended.
The banks plan to consider opportunities to jointly finance investment projects, including by forming syndicates.
EDB Deputy Chairman of the Management Board Ruslan Dalenov said the partnership would combine the banks’ resources and expertise to finance major projects in Kazakhstan and expand access to long-term capital for the country’s economy.
ForteBank Chairman of the Management Board Talgat Kuanyshev said pooling the banks’ resources and expertise would broaden financing opportunities for large investment projects.
The banks have previously co-financed major projects. Both took part in a syndicated loan for the development of Almaty International Airport, arranged by Bank of America.
Translated from Russian using artificial intelligence. Source: Eurasian Development Bank
Tribuna.kz as an app
An icon on your screen, opens faster.
iPhone and iPad (Safari)
