Figures excluding data from EDF "Damu"
Figures for 9 months of 2020
Baiterek and KazAgro holdings signed a merger agreement
Baiterek Holding’s marketplace will help reduce the cost of housing construction
Baiterek Holding increased the financial support for the manufacturing sector by 21%
The mission of “Baiterek” NMH” JSC
is to support the sustainable economic development of the Republic of Kazakhstan in order to implement public policies and achieve goals
set by the 2050 Strategy.
The Holding includes 9 subsidiaries, each fulfilling its role in the country's economy.
By supporting large enterprises, Development Bank of Kazakhstan JSC", JSC "Export Insurance Company" KazakhExport ", JSC "Kazyna Capital Management", LLP "Kazakhstan Project Preparation Fund" and JSC "Investment Fund of Kazakhstan" provide such support instruments as debt and equity financing, insurance of export operations, lease financing and consulting support for the structuring and support of projects, including the projects implemented under the PPP mechanism.
For small and medium businesses - JSC "Entrepreneurship Development Fund" Damu " provides three instruments of support - subsidizing interest rates, guaranteeing loans and conditional placement of funds in second-tier banks.
Development Bank of Kazakhstan and KazakhExport support non-commodity exporters, and QazTech Ventures as a fund of funds, promotes the development of technology entrepreneurship through venture financing, business incubation and technology consulting instruments.
“House Construction Savings Bank “Otbasy Bank” JSC (“Otbasy Bank” JSC) and “Kazakhstan Housing Company” JSC (formerly known as “Kazakhstan Mortgage Company” JSC) intend to make housing more affordable by developing financing, mortgage lending, subsidies and rental housing.
“House Construction Savings Bank of Kazakhstan” JSC was renamed into “House Construction Savings Bank “Otbasy Bank” JSC under the instruction of Kassym-Zhomart Tokayev, the President of Kazakhstan, announced on May 11, 2020 at the final session of the State Commission called to ensure the state of emergency.
The Bank continues to manage housing construction savings and still implements state housing programs. Also, in 2021, “Otbasy Bank” JSC will become a full-fledged development and support institution, which will distribute and keep record of housing.
In 2020, the Holding’s subsidiaries – “Baiterek Development” JSC and “Housing Construction Guarantee Fund” JSC were merged, creating the Single Operator of housing construction. It was done under the instruction of the President of Kazakhstan, and on the basis of “Kazakhstan Mortgage Company” JSC. The Operator will work exclusively with private real estate developers and local executive bodies, performing the functions of the three organizations.
