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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Kazakhstan Development Bank assets drop 11.3pct in first quarter

Posted on 26 May 2011

Assets of the “Development Bank of Kazakhstan” JSC (DBK), 100% owned by the “Samruk-Kazyna” National Welfare Fund. have reduced by 11.3% to 849.87 billion tenge in the first quarter.
Assets of the Development Bank of Kazakhstan decreased by 11% in the first quarter totaling almost 850 billion tenge, according to KazTAG. According to the Kazakhstan Stock Exchange, the DBK’s debts amounted to 583 billion tenge while its profit exceeded 527 million tenge……………………………………….Full Article: Source

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