OREANDA-NEWS. On September 02, 2007 Kazinvestbank JSC (Almaty), securities of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list had spread the press-release with next contention, reported the press-centre of  KASE:

KazInvestBank (KIB) informed that European bank for reconstruction and development (ABRD) increased the credit line for KIB to 60 m. dollars.

Singing the credit agreement in February of year 2007, KIB and EBRD had started the cooperation from 10 m. US dollars. Last month the line was increased to 30 m. dollars. Now the size of credit line had reached 60 m. dollars, strengthening by that the cooperation of EBRD and KIB in the field of development of financing the external trade in Kazakhstan. The given program lets to increase the usage of letter of credits and banking guarantees, and also cash financing of bank's corporate clients. KIB intends to direct funds received by the program of EBRD for crediting of export-import operations of its clients.

In June 2007 EBRD and NVCI invested 40 m. US dollars to capital of the bank, having purchase 40% of its shares.

As of August 1, 2007 the size of assets of KIB exceeded KZT41 bn., leading KIB to 14th place among second tier banks, credit portfolio exceeded the

indicator of KZT26 bn., and common capital of bank made more than KZT11 bn.