{
Landesbank Baden-Württemberg

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Development Bank of Kazakhstan secures 400 million euro loan for projects

The Development Bank of Kazakhstan (DBK) has secured a framework agreement with Banco Santander for up to €400 million (approximately $434 million) to finance infrastructure and energy projects involving international exporters. Over the past year, DBK has borrowed around $1.96 billion, initially relying on Chinese banks before shifting to European lenders, including recent agreements with German banks and Italian institutions.
Kursiv Media Kazakhstan
Euro Chinese Yuan Kazakhstani Tenge United States Dollar Landesbank Baden-Württemberg China Development Bank Financial Leasing Co., Ltd. China Construction Bank Corp Deutsche Bank RV Global PP Banco Santander, S.A. Cassa Depositi E Prestiti SOC.Coop.R.L. FRA IL Personale Dipenden TE Dell'A.M.T. - Genova SC ITA DEU ESP CHN KAZ Show more
Business & Industry, Market Report
10:57 20.03.2025

Fed pauses while ECB prepares for another interest rate cut

The European Central Bank is poised to cut interest rates for the fifth time since mid-2024, reducing the benchmark deposit rate by 0.25 percentage points to 2.75 percent. In contrast, the Federal Reserve has opted to maintain its rates between 4.25 and 4.5 percent, citing ongoing inflation challenges and uncertainty surrounding Trump's economic policies. While inflation in the eurozone has recently risen to 2.4 percent, the ECB anticipates it will stabilize around the target of 2.0% this year, amid a weakening economy.
cash.ch
United States Dollar Euro Landesbank Baden-Württemberg VP Bank AG USA DEU Jerome Powell Thomas Gitzel Donald Trump Show more
Finance & Economy, Market Report
06:40 30.01.2025
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