The following subsidiaries have been operating within the Holding since March 16, 2021:
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 intend to make housing more affordable by developing financing, mortgage lending, subsidies and rental housing.
In pursuance of paragraph 52 of the National Action Plan for the implementation of the Address of the Head of State to the people of Kazakhstan dated September 1, 2020 "Kazakhstan in a new reality: time for action", measures were taken to create a single development institution by joining the KazAgro holding to the Baiterek holding. In this regard, the Baiterek holding, retaining all its functions, included three subsidiaries.
Thus, "Agrarian Credit Corporation" JSC contributes to the sustainable development of the country's agro-industrial complex (AIC). The technical equipment of the agro-industrial complex of the country is assisted by "KazAgroFinance" JSC, which provides quality and competitive leasing services. "Fund for Financial Support of Agriculture" JSC finances small businesses in order to develop priority areas of the agro-industrial complex and increase the level of employment.
We note that it is planned to further reduce portfolio companies to 7 with a subsequent adjustment of the staffing level.