Baiterek Holding assesses Q1 2024 results

     On May 22, 2024, the strategic planning committee of Baiterek Holding convened to review the results of operations for the first quarter of 2024 and discuss initiatives within the digitalization strategy for 2024-2026.

     Deputy Chairman of the Board, Zhandos Shaikhy, presented a report on the Holding’s performance for the first quarter of 2024. According to preliminary data, the Holding's net profit for this period amounted to 121 billion tenge, marking a 9% increase compared to the previous year.

     During the first quarter, the Holding financed 14 export operations and 8 investment projects, totaling 153.5 billion tenge.

     Additionally, to support the agro-industrial complex, financing was provided to 3,461 entities amounting to 178 billion tenge, and 36 exporters received support totaling 210.7 billion tenge.

     Otbasy Bank issued loans amounting to 248.6 billion tenge in the first quarter, representing a 35.7% increase compared to the same period last year.

     Deputy Chairman of the Board, Usen Galym, reported on the implementation of the digitalization strategy for 2024-2026. The data highlighted the Holding’s focus on automating and optimizing business processes, implementing new systems, enhancing customer-oriented services, and transitioning to paperless document circulation. As part of this strategy, integration with e-government was strengthened, and new digital tools were developed to improve interaction with customers and partners.