Leasing as an unyielding source of alternative financing, is
taking off in the CIS region. DBK-Leasing JSC, a subsidiary of the
state-owned Development Bank of Kazakhstan JSC has started
financing the country’s most precious commodity – oil and gas
equipment, via a project of Petropavlovsk Plant of Heavy
Engineering. This illustrates the growing role leasing is playing
in Kazakhstan’s economy, and its increasing level of penetration in
capital investment.
The project offers the new production of spare parts for various
railways, oil & gas processing and oil & gas extracting
equipment. Up to £2.6m has been dedicated to the project for a
period of seven years, a statement by DBK-Leasing said.
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Following the project’s completion, the company’s product range
should expand by 30 per cent, and finished products will be sold to
local oil companies and exported to other CIS countries.
DBK-Leasing finances SME investment projects valued at $1m and
higher for a period up to 20 years.
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