Subsidiaries
of the holding

The Holding has been owning the following subsidiaries:

Development Bank of Kazakhstan JSC, JSC Export Insurance Company "KazakhExport", JSC Kazyna Capital Management provide support to large enterprises in the form of debt and equity financing, insurance of export operations, leasing financing, and providing support to non-resource exporters.

Damu Entrepreneurship Development Fund JSC provides support for small and medium-sized businesses by subsidizing the interest rate, guaranteeing loans, and placing funds in second-tier banks.

Otbasy Bank JSC and Kazakhstan Housing Company JSC  are focused on increasing the financial affordability of housing by developing financing, mortgages, subsidies, and rental housing.

Agrarian Credit Corporation JSC (the ACC) contributes to the sustainable development of the country's agro-industrial complex (AIC). KazAgroFinance, which provides high-quality and competitive leasing services, supplies the agro-industrial complex with technical equipment. The Fund for Financial Support of Agriculture (the FFSA) merged into the ACC on December 13. The ACC has taken over the FFSA’s functions of issuing credits to microbusinesses, insuring the agro-industrial complex, and offering mortgages under the “With a degree to the village!” state program. Since the beginning of November, the Damu Fund has been performing the FFSA’s function of guaranteeing loans.

It is planned to reduce the number of portfolio companies to 7 and adjust the number of employees.

“Kazyna Capital Management” JSC
the “Housing Construction Savings Bank of Kazakhstan” JSC
 "Аgrarian credit Corporation" JSC
"KazAgroFinance" 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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