of April 25, 2001 No. 178-II
About Development bank of Kazakhstan
Development bank of Kazakhstan (further - Development bank) is joint-stock company which controlling stock is owned by national managing holding. Development bank is the national institute of development and bank authorized on realization of the state investment policy and the state stimulation of the industry.
In this Law the following basic concepts are used:
1) interbank lending - issuance of credits to banks of the second level and nonresident banks of the Republic of Kazakhstan;
2) the project - the investment project, export transaction, leasing transaction;
3) the investment project - the project providing the investments directed to creation new, expansion and updating of the operating productions including on acquisition of assets, blocks of shares (shares in the authorized capital), property complexes;
4) the credit tool - the methods of financing of the borrower by Development bank determined in the Memorandum;
5) restructuring - complex of the actions directed to recovery of economic indicators of the investment project realized by the borrower who violated obligations to Development bank and (or) the third parties who can include write-off of remuneration, penalties and penalty fee and (or) financing or refinancing of working capital of the borrower, and (or) assignment of rights of requirements of Development bank to the borrower, and (or) entry of Development bank into the authorized capital of the borrower, and (or) provision of the subsidized loan to the borrower, and (or) other actions promoting recovery of economic indicators of the investment project;
6) the borrower - the legal entity who obtained loan from Development bank;
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