Development Bank of Kazakhstan

CHALLENGE

In the 10 years of its existence, DBK acquired a reputation as a cumbersome and secretive financial institution. Such an image was at odds with the bank's key strategic initiatives - developing Kazakhstan's economy, attracting foreign investors and financing major projects. On the eve of the anniversary, DBK's management decided to significantly change both the bank's internal and external policies to increase efficiency in achieving new goals.

SOLUTION

The main task of the rebranding was to build the image of an innovator, opening new horizons for the development of the state.

RESULT

Company proposed 2 strategies: the first of which was to fight the second-tier banks, and the second was to emphasize DBK's status as a first-tier state bank playing its own role in the development of the state economy. As a result, the second path was chosen, which was appropriate for all of DBK's new strategic initiatives. As a result, the loan portfolio was reduced to 1789 billion tg

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