The Supreme Audit Chamber (SAC) audited JSC "Development Bank of Kazakhstan" (DBK) and identified violations in the provision of loans.
According to the press service of the department, some DBK borrowers received loans at rates below the threshold values, which created unequal conditions for access to state support measures.
In this regard, the SAC recommended establishing a fixed interest rate.
"By a decision of the DBK Board of Directors, changes have been made to the working capital financing programmes for manufacturing industry projects and support for exporters, providing for a single fixed remuneration rate of 7% per annum for all final borrowers," the statement said.
At the same time, auditors found that DBK attracted budget funds at a rate of 0.15% and subsequently lent to borrowers at 9-11%. The SAC recommended revising the interest rates under budget lending agreements.
"By a protocol instruction of the Prime Minister of the Republic of Kazakhstan dated 15 February 2025, approaches to increasing the budget lending rate to 1% from 2025 were approved," the statement said.