ADCB Kazakhstan to triple project financing to 7.5 trillion tenge within 18 months

September 9, 2026 at 12:34 PM2 min

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Abu Dhabi Commercial Bank Kazakhstan plans to triple its financing of Kazakh projects from 2.5 trillion tenge to 7.5 trillion tenge within 18 months. Chairman Farukh Al Marzuki announced the target at a meeting with Prime Minister Olzhas Bektenov on September 9, 2026. The expansion follows ADCB's March 2026 license to establish a subsidiary bank in Kazakhstan.

Key Facts

ADCB Kazakhstan plans to increase financing of Kazakh projects from 2.5 trillion tenge to 7.5 trillion tenge within 18 months.
The announcement was made by ADCB Kazakhstan Chairman Farukh Al Marzuki at a meeting with Prime Minister Olzhas Bektenov on September 9, 2026.
Over the past 15 years, ADCB Kazakhstan has supported more than 100 business initiatives, with about 90% being small and medium-sized business projects.
UAE investments in Kazakhstan exceeded $7 billion over the past 20 years, including about $3 billion in the last 2.5 years.
In March 2026, Kazakhstan's financial regulator allowed Abu Dhabi Commercial Bank PJSC to establish a subsidiary bank in Kazakhstan, registered on April 20, 2026.

Financing Expansion

ADCB Kazakhstan plans to increase its financing of Kazakh projects from 2.5 trillion tenge to 7.5 trillion tenge within the next 18 months. The target was announced by ADCB Kazakhstan Chairman Farukh Al Marzuki during a meeting with Prime Minister Olzhas Bektenov on September 9, 2026. Priority areas for the expanded financing include the real sector of the economy, digital infrastructure modernization, energy, railway infrastructure, petrochemicals, transport, and logistics. ADCB is one of the largest banks in the UAE and holds international investment-grade credit ratings.

Investment Context

UAE investments in Kazakhstan exceeded $7 billion over the past 20 years, with about $3 billion arriving in the last 2.5 years. Prime Minister Bektenov noted the contribution of the UAE to Kazakhstan's economic development and the role of ADCB Group in attracting investors from the UAE and other Middle Eastern countries. The meeting highlighted Kazakhstan's large-scale economic and institutional reforms, launched under President Kassym-Jomart Tokayev's instructions, as factors improving investment attractiveness. In March 2026, Kazakhstan's financial regulator allowed Abu Dhabi Commercial Bank PJSC to establish a subsidiary bank in Kazakhstan, with the company registered on April 20, 2026.