Baiterek Holding Secures New Yuan-Denominated Loan from China’s Largest Bank

The ‘Baiterek’ National Managing Holding JSC has secured a new long-term bank loan in the amount of CNY 500,000,000 from the Industrial and Commercial Bank of China (ICBC) as part of its ongoing cooperation with the People’s Republic of China.

This strategic move will enable the Holding to strengthen its position in the international market, diversify currency risks, and enhance its investment capacity for the development of new projects. Attracting funding in China’s national currency opens up additional opportunities for cooperation with Chinese partners and suppliers and supports the expansion of export and import operations.

Cooperation with the Industrial and Commercial Bank of China (ICBC) also affirms the trust of the Chinese financial sector in the Holding and its sustainable development. The funds raised will be used to finance projects in the manufacturing sector of the economy.

The expansion of cooperation with Chinese financial institutions aligns with the Holding’s long-term strategy to strengthen its international presence and develop partnerships in global markets.

ICBC is the largest commercial bank in China and the world. It is part of China's “Big Four” banks and controls one-fifth of the country’s banking sector.