“Baiterek” NMH” JSC was established to optimize the system for development institutions, financial organizations management and national economy development based on the Decree No. 571 of the President of the Republic of Kazakhstan dated May 22, 2013.
The main objective of the Holding is management of national development institutes’, national companies’ and other legal entities’ blocks of shares (participation shares) that belong to it based on the ownership right and placed in trust.
The Holding includes 10 development institutes that were previously under the control of government bodies and “Samruk-Kazyna” National Welfare Fund” JSC.
The Holding became the operator of Nurly Zhol State Infrastructural Development Program for 2015-2019. Kazakhstan Infrastructure Fund was established within the Holding with the capitalization of 20 billion tenge allocated from the national budget in 2013 and 2014.
The Holding and “Kazakhstan PPP Center” JSC jointly established the “Public-Private Partnership Projects Support Center” LLP to facilitate the country’s infrastructural development.
Baiterek Venture Fund, a venture fund for investments in priority sectors of the economy, was established within the Holding’s structure.
The “Leaders of Competitiveness - National Champions” Program was initiated within the 62nd Step of the “Plan of the Nation - 100 Concrete Steps” aimed at promoting the dynamic growth of participating companies which can become competitive leaders in the Eurasian Economic Union.
“Baiterek” NMH” JSC was identified as one of the operators of the Regional Development Program until 2020 in regard to the implementation of housing construction.
The Holding continued implementation of state and government programs of “Nurly Zhol”, Industrial and Innovative Development for 2015-2019, “Business Roadmap - 2020”, Regional Development Program until 2020.
The Mortgage Loans Guarantee Fund was transformed into the “Housing Construction Guarantee Fund” JSC.
In September 2016, a decision was made to expand the mandate of the “PPP Projects Support Center” LLP for renaming it to “Kazakhstan Project Preparation Fund” LLP, the fund for financing and development of industrial and infrastructural projects documentation.
Since January 1, “Nurly Zher” State Housing Construction Program has been launched, within the framework of which the housing block of “Baiterek” NMH” JSC was determined as a single operator in its implementation.
The Development Strategy of “Baiterek” NMH” JSC for 2014-2023 was updated. The new edition of the Corporate Governance Code of “Baiterek” NMH” JSC was approved.
The Board approved the Digitalization Strategy of “Baiterek” NMH” JSC for 2018-2023. The information system of “Digital Baiterek Single Portal for Entrepreneurship Support” that provides comprehensive and customer-targeted business support was put into permanent (industrial) operation.
Subsidiary organizations of the Holding, “DBK” JSC and “KCM” JSC, created DBK EquityFund direct investment fund in the amount of 100 million US dollars to capitalize the projects of “DBK” JSC.
The Holding carried out procedures to optimize the structure, in particular, participation shares were sold in regard to 4 projects for a total amount of 337 million tenge within IFK. Participation share in “Technopark of K.I. Satpayev KazNTU" LLP was sold within “NATD” JSC.
The Board of Directors approved the restated Investment Policy of the Holding focusing on projects of the private sector of the economy to promote the sustainable socioeconomic development of the country.
In December 2018, the debut issue of tenge bonds was placed at Kazakhstan Stock Exchange JSC in the amount of KZT 77.7 bn with a maturity of 15 years.
In 2018, 6 new enterprises worth 173 billion tenge were commissioned using the tools of “DBK” JSC, in particular, Makinsk Poultry Farm was built in Akmola Oblast, a transport and logistics center and new facilities for the mineral water and drinks bottling plant in Shymkent were built, a complex for the production of railway wheels was established in Pavlodar Oblast, production of K5 Class motor fuel was launched in West Kazakhstan Oblast, the plant for mineral fertilizers production was modernized in Mangistau Oblast.
In the reporting year, 74 leasing transactions totaling 54 billion tenge were approved for financing under the support of “DBK-Leasing” JSC, in particular, for the purchase of two aircraft for its transfer to financial leasing at the request of “Zhetysu” Airlines” JSC, construction of a plant for energy-efficient architectural facades production at the request of “KSM Tekhnovid” LLP, construction of a plant for the production of porcelain stoneware and ceramic tiles in Aktobe at the request of “Zerde-Keramika Aktobe” LLP and other projects.
In 2018, the funds invested into 5 projects worth 46 billion tenge along with the participation of “KCM” JSC, in particular, construction of a wind power station (invested by two funds - DBK Equity Fund, “Baiterek Venture Fund” JSC), construction of warehousing facilities, construction of Saryarka main gas pipeline and rolling-stock fleet modernization.
In the course of “Nurly Zher” State Program implementation, 28.4 thousand apartments were commissioned under the previously adopted programs (Nurly Zhol, Regional Development Program). By the end of the year, the Housing Construction Savings Bank issued 38.3 thousand soft loans to the public for a total of 360 billion tenge. In regard to the shared housing construction, projects of private developers for a total of 56.4 billion tenge were guaranteed.
Mortgage loans of the public and loans of private developers in the amount of 94.8 billion tenge were subsidized.
The amount of KZT 34 bn was allocated to replenish the authorized capital of KazakhExport ESC JSC.
The transformation of activities of the National Agency for Technological Development JSC and its renaming into QazTech Ventures JSC, whose activities will be focused on the venture market development, business incubation and technological entrepreneurship, was completed.
The Holding placed at Kazakhstan Stock Exchange JSC two issues of tenge bonds with a maturity of 10 years: in the amount of KZT 40 bn at a rate of 9.5% per annum, and in the amount of KZT 25 bn at a rate of 9.75% per annum.