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Kazakhstan|business|April 4, 2014 / 01:50 PM
China Development Bank to issue credit line of $500m to Development Bank of Kazakhstan

AKIPRESS.COM - cdb The China Development Bank will issue a two-year credit line of $500 million to the Development Bank of Kazakhstan, the press service of the Baiterek national holding reported Friday.

The agreement was reached in the course of the working visit of the Baiterek delegation to China. The delegation included chairman of the holding Kuandik Bishimbayev and the heads of the bank's subsidiaries.

The leadership of Kazakh and Chinese Banks discussed questions of signing the memorandum of cooperation in modernization and reconstruction of Shymkent refinery.

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