How Baiterek Holding works with the Government

Baiterek Holding is closely connected with the Government of the Republic of Kazakhstan, which is the sole shareholder and participates management.

Investors and partners of Holding can be sure that they are financing projects which are aligned with the national priorities and policy. Baiterek simplifies investor-Government relations using efficient established coaction. .

Baiterek Holding simplifies investor-Government relations using efficient established coaction.

Information about Baiterek Holding

“Baiterek” National Managing Holding JSC (hereinafter referred to as “Baiterek” NMH” JSC, Baiterek Holding, Holding) is the key institution of the Government of the Republic of Kazakhstan that meets the advanced standards of corporate governance and ensures the implementation of objectives for the sustainable development of the economy of Kazakhstan through its diversification, support for innovations, exports development, increase in labor productivity.

The sole shareholder of “Baiterek” NMH” JSC is the Government of the Republic of Kazakhstan.

Baiterek Holding is an integrated development institution, which includes 8 subsidiaries: joint-stock companies with 100% participation of the Holding, such as Development Bank of Kazakhstan JSC, Housing Construction Savings Bank Otbasy Bank JSC, FRP JSC “Damu”, JSC “Kazakhstan Housing Company”, JSC “ERP “Kazakh Export”, JSC “Qazaqstan Investment Corporation”, JSC “Agrarian Credit Corporation” , JSC “Bereke Bank”.

On the instructions of the Head of State, on the basis of Kazakhstan Mortgage Company JSC, a single operator of housing construction was created by merging subsidiaries of the Holding - Baiterek Development JSC and Housing Construction Guarantee Fund JSC. He will work exclusively with private developers and local executive bodies, performing the functions of three organizations.

At the same time, within the framework of the instrument of direct investment in company capital, Subsidiaries of Holding organizations has different shareholdings in 59 companies.

The mission of “Baiterek” NMH JSC is contribution to the sustainable economic development of the Republic of Kazakhstan to implement the public policy and achieve the goals set out by the Strategy - 2050.

Strategic directions of the activities:

  • Support for entrepreneurship in the segment of large-sized businesses;
  • Support for entrepreneurship in the SME segment;
  • Increase in housing affordability;
  • Increase in export potential;
  • Transfer and introduction of innovations.

Baiterek Holding is the key operator in the implementation of the following state and government programs:

The Plan of the Nation - “100 Concrete Steps”

The state program of industrial and innovative development of the Republic of Kazakhstan for 2020 - 2025

“Business Roadmap 2025” State Program for Entrepreneurs Support

State program for the development of productive employment and mass entrepreneurship for 2017 - 2021 "Enbek"

State program for the development of the agro-industrial complex of the Republic of Kazakhstan for 2017 - 2021

Economy of simple things

The program "National Export Strategy of the Republic of Kazakhstan"

“Nurly Zher” State Housing Construction Program

of Directors
The Holding’s
Nurbolat Aidapkelov

First Deputy Chairman of the Board

Yersain Khamitov

Deputy Chairman of the Management Board

Ussen Galym

Deputy Chairman of the Board 

Vyacheslav Son

Deputy Chairman of the Board

of the holding

Baiterek Holding includes the following subsidiaries:

The Development Bank of Kazakhstan JSC, "KazakhExport" Export Insurance Company JSC, and  "Qazaqstan Investment Corporation" JSC support large enterprises by providing debt and equity financing, export operations insurance services, and leasing financing. The companies also focus on funding non-commodity exporters.

Damu Entrepreneurship Development Fund JSC supports micro-, small, and medium-sized businesses by subsidizing the remuneration rate, guaranteeing loans, and providing concessional financing through second-tier banks.

"Otbasy Bank" Housing Construction Savings Bank JSC and Kazakhstan Housing Company JSC make housing more affordable for people by developing financing, mortgage crediting, subsidies, and rental housing market.

The Agrarian Credit Corporation JSC promotes sustainable development, provides the agro-industrial complex with up-to-date equipment, and finances large, medium-sized and small businesses in rural areas.

Bereke Bank JSC is a universal financial institution that serves retail clients and all segments of corporate business – small, medium-sized, and large enterprises.

"Qazaqstan Investment Corporation" JSC
“Housing Construction Savings Bank of Kazakhstan” JSC
Development Bank of Kazakhstan JSC
BerekeBank JSC
 "Аgrarian credit Corporation" JSC
 “Damu” Entrepreneurship Development Fund” JSC
“Kazakhstan Housing Company” JSC
“KazakhExport” Export Insurance Company” JSC
the “Development Bank of Kazakhstan” JSC
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