“Baiterek” National Managing Holding JSC is the key institution of the Government of the Republic of Kazakhstan that meets the advanced standards of corporate governance and ensures implementation of Kazakhstan economy’s sustainable development by diversifying it, supporting innovation, developing exports, and increasing labor productivity.

Key tasks:
Development of non-resource-based sectors of the economy;
Entrepreneurship development (private sector of the economy);
Support for urbanization in the economy;
Support for the export of non-resource-based products;
Development of innovations.

Strategic directions of activities:
Support for entrepreneurship in the segment of large businesses;
Support for entrepreneurship in the SME segment;
Increasing housing affordability;
Increasing export capacity;
Transfer of technologies and introduction of innovations.

The Holding includes 11 subsidiaries. While supporting large enterprises, the Development Bank of Kazakhstan JSC, “KazakhExport” Export Insurance Company JSC, Kazyna Capital Management JSC, Kazakhstan Project Preparation Fund LLP and Investment Fund of Kazakhstan JSC provide the support tools such as debt and equity financing, insurance of export operations, leasing financing and consulting support for structuring and supporting projects, including those implemented under the PPP mechanism.

For small and medium-sized businesses, “Damu” Entrepreneurship Development Fund JSC provides enterprises with three support tools: interest rates subsidizing, loans guaranteeing and conditional investment of funds in second-tier banks.

The Housing Construction Savings Bank of Kazakhstan JSC, Kazakhstan Mortgage Company JSC, Housing Construction Guarantee Fund JSC and Baiterek Development JSC focus on increasing the financial affordability of housing through the development of financing, mortgage lending, subsidies and housing rental.

Moreover, the Development Bank of Kazakhstan and KazakhExport support non-resource-based exporters, and QazTech Ventures, being a fund of funds, contributes to the development of technology entrepreneurship through the tools for venture financing, business incubation and technology consulting.

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

Plan of the Nation – “100 concrete steps”

Goal: to create a new source of dynamic growth for companies that can become competitive leaders in Kazakhstan, the EAEU (Eurasian Economic Union) and internationally.

The Holding is responsible for the implementation of 62 steps within the Plan of the Nation: “Leaders of Competitiveness – National Champions 2.0” Program.

“Nurly Zhol” State Infrastructure Development Program for 2015-2019

Goal: ensuring long-term economic growth of Kazakhstan through homogenization of the economy, integration of macro-regions, integration into the international transport system and implementation of transit potential

“Nurly Zher” State Housing Construction Program

Goal: improving the financial affordability of housing for the public

State Program for Industrial and Innovative Development for 2015-2019

Goal: to increase labor productivity and export volume of processed goods by stimulating the competitiveness in the manufacturing industry.

“Business Roadmap 2020” State Program for Entrepreneurs Support

Goal: to ensure sustainable, balanced growth of regional business while maintaining the existing jobs and creating new ones.

The Holding’s subsidiaries, the Development Bank of Kazakhstan JSC, “KazakhExport” Export Insurance Company JSC, Kazyna Capital Management JSC, Kazakhstan Project Preparation Fund LLP and Investment Fund of Kazakhstan JSC, while supporting large enterprises, also provide the support tools such as debt and equity financing, export insurance, leasing financing and consulting support for structuring and supporting projects, including those implemented under the PPP mechanism.

What SME support tools are available at the Holding?

“Damu” Entrepreneurship Development Fund JSC provides three support tools to small and medium-sized enterprises:

interest rate subsidizing
loan guaranteeing
conditional investment of funds in second-tier banks.

Subsidizing is a form of state support for entrepreneurs used as a partial guarantee as a security for the fulfillment of obligations under an entrepreneur’s loan.

First of all, you should be aware of the following: if you are planning to carry out business activities in the city, it is required that your activities area be included in the priority sectors of the economy (link to the list of priority sectors). If your business is conducted on a regional/district level, then there are no restrictions for sectors, and will be able to obtain a subsidy for any activity that does not contradict the current laws.

What is guaranteeing and what are the conditions existing for Guarantees obtaining?

It is a form of state financial support for entrepreneurs that is used to partially reimburse expenses paid by an entrepreneur to a bank/leasing company as a loan/lease compensation in exchange for the future fulfillment of certain conditions related to the entrepreneur’s operating activities.

Guarantees are provided in case of insufficient collateral. There are guarantees for beginning and existing entrepreneurs. The conditions for obtaining Guarantees are available on the website of “Damu” Entrepreneurship Development Fund JSC in the Guaranteeing section.

You are required to pass free training sessions to participate in grant financing.

If your business idea is new and original, you will be provided with an opportunity to participate in Grants and win up to 3,000,000 KZT on a competitive basis.

The procedure for submitting bidding documentation, the venue for bids submission and the time for participation in the bidding should be clarified with the organizers of the bidding: Administration of Entrepreneurship and Industrial-Innovative Development.

“Small businesses, including young start-up entrepreneurs, beginning entrepreneurs, as well as women, people with disabilities and people above 50, shall use grant funds for the following purposes: 1) acquisition of fixed assets and materials; 2) acquisition of intangible assets; 3) acquisition of technology; 4) acquisition of franchise rights; 5) expenses associated with research and introduction of new technologies. Grant funds cannot be used to purchase real estate, land and as a rental fee. The procedures for state grants provision are guided by the State Grants Delivery Regulations within the Program approved by the Decree of the Government of the Republic of Kazakhstan”.

You can take a free entrepreneurship training session from the comfort of your home using the Internet! The “Remote Support for Entrepreneurship Development” training program is aimed at increasing the level of knowledge in entrepreneurs and the public with an entrepreneurial initiative. You are encouraged to take advantage of the unique opportunity to replenish and improve your knowledge free of charge at any place with Internet access, and at any time. Upon clicking on the link edu.damu.kz and getting registered on the website, everyone can choose a suitable training course for themselves. During the training course, a teacher is assigned to the student, who checks and evaluates the student’s completed assignments. The course covers topical issues on starting a business. Complete the course and receive an e-certificate!

Where can I find a business plan?

Experts of the Chamber of Entrepreneurs are engaged in the development of business plans on a free-of-charge basis for entrepreneurs participating in the state programs. These activities are conducted at the Entrepreneurs Service Center of “Damu” Entrepreneurship Development Fund JSC.

You can also find ready-made samples of business plans on the website of Damu Fund or on the “Territory of Business” website.

There are three subsidiaries of the Holding involved in export support: “KazakhExport” Export Insurance Company JSC, Development Bank of Kazakhstan JSC (DBK) and “Damu” Entrepreneurship Development Fund JSC.

Today, exporters have a series of issues, the main of which are lack of floating assets and lack of foreign market knowledge. KazakhExport and DBK are currently contributing to resolve the issue of floating assets replenishment through pre-export financing. KazakhExport also provides a loan insurance tool where the bank is provided with coverage when there is a lack of collateral. In total, the insurance company has 14 tools for financial support of exporters.

In its turn, the DBK supports domestic exporters within “Nurly Zhol” State Infrastructure Development Program for 2015-2019.

The DBK develops infrastructure and industry in the field of raw materials processing, thereby contributing to the diversification of Kazakhstan’s economy.

In addition, Damu Fund provides a special tool for supporting exporters such as subsidizing interest rates. This support tool is provided within the third direction of “Currency Risks Mitigation” under the “Business Roadmap 2020” State Business Support and Development Program.

The goal for creating the information system of “Digital Baiterek” Single Entrepreneurship Support Portal is to provide a single information platform for “Baiterek” National Managing Holding JSC, its subsidiaries, Kazakhstani and foreign investors and entrepreneurs. At the moment, there are 42 automated and information services available.

“Digital Baiterek” Single Entrepreneurship Support Portal provides opportunities for those applying to the Holding in:

- Obtaining comprehensive information and advice in regard to all possible customer support tools;
- Operational processing of complaints due to the rejection of paper media and the transfer of communications to a digital form with the ability to track the processing status;
- Information support and the ability to choose package services in accordance with the identified client’s requirements;
- Full accessibility of services regardless of the client’s location;
- The possibility of a single and simultaneous comprehensive review of client’s inquiries by all structures and subsidiaries of “Baiterek” National Managing Holding JSC, if necessary.

In addition, one you can submit a CV for employment opportunities in the Holding through Digital Baiterek, as well as apply for sponsorship or charity support.

It is required to get registered and create a Personal Account using a minimal data set in order to use the Digital Baiterek system.

Link to the web-portal: https://digital.baiterek.gov.kz/.

Under “Nurly Zher” State Program, the subsidiaries of Baiterek Holding – the Housing Construction Savings Bank of Kazakhstan JSC, Kazakhstan Mortgage Company JSC, Housing Construction Guarantee Fund JSC and Baiterek Development JSC focus on increasing the financial affordability of housing through the development of financing, mortgage lending and rental housing with purchase. Read more about the terms of acquiring housing through the aforementioned subsidiaries of the Holding in the following matters.

What are the conditions for acquiring housing through the Housing Construction Savings Bank of Kazakhstan JSC?

“Nurly Zher” State Program (depositors and waiting lists of LEAs)
Down payment – 20% and above
Interest rate – 5% per annum
Duration – up to 25 years

“Baqytty Otbasy” (housing for large families, single-parent families and families with or raising children with disabilities)
Down payment – 10% and above or housing certificate from akimat
Interest rate – 2% per annum
Duration – up to 20 years
Loan amount – up to 15 million KZT (for Nur-Sultan, Almaty, Shymkent, Atyrau, Aqtau); up to 10 million KZT (for other regions)

“Own Accommodation” Purchase of Housing in New Buildings (own program of “HCSBK”)
Down payment – 20% and above
Interest rate – 7% per annum
Given the fulfillment of housing savings conditions, the rate is ranging from 3.5% per annum
Duration – up to 20 years.

Standard Housing Savings (Housing Loan)
Accumulation period – three years and more
Down payment – 50% and above
Interest rate – 3.5% to 5% per annum;
Loan duration – 6 months to 25 years.

Interim Housing Loan
Down payment – 50% and above
Interest rate – 7 to 8.5% per annum with a subsequent decrease to 5%*
Interest rate – 5% and above per annum (under “Nurly Zher” State Program)
Loan duration – up to 25 years

*The initial rate for the interim loan is valid until the moment your deposit reaches the maturity of 3 years, then you shall switch to the terms and conditions of a housing loan, and the interest rate is reduced to 5%.

Preliminary Housing Loan*
Down payment – 20% and above
Interest rate – 7% and above per annum (under “Own Accommodation” Program)
Interest rate – 5% and above per annum (under “Nurly Zher” State Program)
Given the fulfillment of housing savings conditions, the interest rate is 3.5% and above per annum
Loan duration – up to 25 years

*Only within the framework of state programs and the HCSBK JSC’s “Own Accommodation” Program

In addition, according to Clause 5 of “Nurly Zher” State Program for housing construction projects secured by a guarantee of the Housing Construction Guarantee Fund JSC, the HCSBK and STB can lend to borrowers for the purchase of housing secured by the rights of claim under shared construction participation agreements in the manner and on the conditions set out by internal documents of the HCSBK and STB.

The Housing Construction Guarantee Fund JSC is a non-profit organization that secures completion of construction and transfer of a share in a residential building to the interest/share holder upon the occurrence of a guarantee case.

Rental with subsequent purchase for education and healthcare employees
Down payment: None
Rental rate – 3.1% per annum
Lease term – up to 20 years, upon the lease term expiration, the property becomes the property of the tenant
The possibility of early rental housing redemption;
The possibility of attracting guarantors in case of insufficient incomes;

Lists of applicants for participation in the program are provided by the Ministry of Education and Science of the Republic of Kazakhstan, the Ministry of Healthcare of the Republic of Kazakhstan. KMC JSC, in its turn, assesses solvency and enters into lease agreements.

“Orda” Mortgage Program (available for everyone)

Down payment:
- 30% and above in case of complete confirmation of incomes;
- 50% and above in case of partial confirmation of incomes;
- the down payment can be replaced by an additional pledge in the form of real estate owned by the borrower or third parties;

Loan amount:
- minimum amount of 1 million KZT;
- maximum amount is up to 65 million KZT;

Loan duration – up to 20 years;
Remuneration rate – fixed
- 12% per annum in case of complete confirmation of incomes;
- 14% per annum in case of partial confirmation of incomes.

Housing Mortgage Loans/Mortgage Loans Refinancing Program
KMC JSC is involved in the Housing Mortgage Loans/Mortgage Loans Refinancing Program approved by the Decree No. 69 of the Board of the National Bank of the Republic of Kazakhstan dated April 24, 2015.

Refinancing Terms:
- Refinancing is carried out on the basis of the borrower’s application;
- The loan currency after refinancing – KZT;
- The interest rate for the loans issued in national currency – not more than 3% per annum;
- The interest rate for the loans issued in foreign currency – 12% per annum**. For the borrowers who are SVGP (socially vulnerable groups of population)* – 3% per annum.

The following loans are subject to refinancing:

Requirements to Loans: Requirements to Borrowers:
Loans issued to individuals in KZT - Housing loans/mortgage loans issued during 01.01.2004 to 31.12.2009;
- Debt (balance of the principal debt, including overdue principal debt) as of 01.01.2015 – not more than 36,470,000 KZT;
- Loans secured by real estate (the only residential real estate as of 01.01.2015). - Entities who are socially vulnerable groups of population*;
- Entities with arrears over 90 days as of 01.01.2015

Loans issued to individuals in foreign currency - Housing loans/mortgage loans issued before 01.01.2016 - Entities who are socially vulnerable groups of population*;
- Entities with loans in foreign currency.

The list of socially vulnerable groups of population:

According to Article 68 of the Law of the Republic of Kazakhstan “On Housing Relations”, socially vulnerable groups of population include:

disabled persons and participants of the Great Patriotic War;
persons equated to disabled persons and participants of the Great Patriotic War;
1st and 2nd groups disabled;
families with or raising children with disabilities;
persons suffering from severe forms of certain chronic diseases listed in the list of diseases approved by the Government of the Republic of Kazakhstan;
retirees by age;
orphans and children left without parental care under the age of twenty-nine, who have lost their parents before adulthood. When such persons are called up for military service, the age is extended for the duration of such military service;
oralmans (repatriates);
persons who have lost their homes as a result of environmental disasters, natural and man-made emergencies;
families with many children;
families of persons who died (deceased) in the performance of state or public duties, military service, during the preparation or implementation of a flight into outer space, while saving human life, while protecting law and order;
single-parent families.

**If, under the current bank loan agreement, the interest rate is less than 12% per annum, when refinancing a loan, the interest rate is not subject to increase.

Further information can be obtained by from the Call Center 8 800 080 44 48 (toll free in Kazakhstan).

“Nurly Zher” State Program (without restrictions on participants)
The sale of housing for other persons is carried out on the basis of the applicant’s application, submitted online through the baiterekdevelopment.kz single web-portal (“Sale of Real Estate” Section, “Direct Sale” Subsection).

- at the expense of own funds;
- by attracting borrowed funds in second-tier banks;

Sale of Real Estate on the Territory of EXPO-2017
Everyone can buy an apartment and a parking space in a residential complex located in the territory of EXPO.

Sale is carried out by submitting an application for a reservation and only through the Digital Baiterek Single Web-Portal http://expo.baiterek.gov.kz:

at the expense of own funds;

by attracting borrowed funds in second-tier banks;

in installments up to 12 years at 3% per annum with a down payment of at least 20% of the cost of housing.

Only 1 apartment can be purchased in installments. The installment mechanism does not apply to the sale of parking spaces.

Installment periods are limited to the condition of the applicant reaching the age of 70.