The Holding employs 10 subsidiaries, each of which plays its role in the country's economy.
While supporting large-scale enterprises, the “Development Bank of Kazakhstan” JSC, “KazakhExport” Export Insurance Company” JSC, “Kazyna Capital Management” JSC, “Kazakhstan Project Preparation Fund” LLP and the “Investment Fund of Kazakhstan” JSC provide the support tools such as debt and equity financing, insurance of export operations, lease financing and consulting for projects structuring and administration, including those being implemented under the PPP mechanism.
As for small and medium-scale businesses, “Damu” Entrepreneurship Development Fund” JSC provides enterprises with three support tools: interest rates subsidizing, loans guaranteeing and conditional investment of funds in second-tier banks.
The “Housing Construction Savings Bank of Kazakhstan” JSC, “Kazakhstan Mortgage Company” JSC, “Housing Construction Guarantee Fund” JSC focus on increasing the financial affordability of housing through the development of financing, mortgage lending, subsidies and housing rental.
At present, the Baiterek holding is implementing the order of the Head of State Kassym-Zhomart Tokayev to create a single operator of housing construction. In this regard, the subsidiary of the Holding - Baiterek Development JSC was liquidated by merging with the Kazakhstan Mortgage Company. By the end of this year, it is planned to join the Housing Construction Guarantee Fund. The single operator will start operating on January 1, 2021. He will work exclusively with private developers and local executive bodies, performing the functions of three organizations.
Moreover, the Development Bank of Kazakhstan and KazakhExport are supporting non-resource-based exporters, and QazTech Ventures, being a ‘fund of funds’, contributes to the development of technopreneurship through the tools of venture financing, business incubation and technology consulting.