DBK plays an important role in the economy of Kazakhstan, distributing public funds through lending to important socio-economic infrastructure projects. Given the full support of the state in the person of the ultimate shareholder, the long-term funding base, the implementation of guaranteed capitalization in case of deteriorating financial condition and the extremely low level of bad debts, DBK bond issues appear to be an extremely reliable investment tool. We recommend Buy dollar issues, whose yield allows them to act as a more attractive alternative to dollar deposits.

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