Screen ReaderBektenov Olzhas Abayevich
Prime Minister of the Republic of Kazakhstan, Chairman of the Holding Board of Directors
PROFESSIONALS dedicated to furthering Kazakhstan
- Who We Are
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Baiterek Holding maintains a close relationship with the Government of the Republic of Kazakhstan, which is its Sole Shareholder and participates in the governance of the Holding.
The Holding’s investors and partners can be confident that they are financing projects aligned with national priorities and public policy.
‘Baiterek’ National Managing Holding JSC (hereinafter – Baiterek Holding, the Holding) was established by the Decree of the President of the Republic of Kazakhstan dated May 22, 2013 No. 571 “On certain measures to optimize the management system of development institutions, financial organizations and the development of the national economy.” The purpose of its creation was to ensure the effective management of equity stakes (shares of participation) in national development institutions, national companies, and other legal entities owned by the state or transferred to the Holding under trust management, in accordance with best practices in corporate governance.
Baiterek Holding is an integrated development institution that includes 7 subsidiaries: Development Bank of Kazakhstan JSC Otbasy Bank JSC Damu Entrepreneurship Development Fund JSC Kazakhstan Housing Company JSC Export Insurance Company KazakhExport JSC Qazaqstan Investment Corporation JSC Agrarian Credit Corporation JSC.
The mission of Baiterek Holding is to promote the sustainable growth of the economy of the Republic of Kazakhstan through the support of domestic production of goods and services, infrastructure modernization, and strengthening of food security, based on principles of social responsibility.
Support for entrepreneurship;
Provision of housing for the population.
Baiterek Holding includes the following subsidiaries:
The Development Bank of Kazakhstan JSC, Export credit agency of Kazakhstan 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.
