Baiterek Holding to cooperate with Asian Development Bank

Timur Onzhanov, Deputy Chairman of the Board of Baiterek Holding, recently met with Bhargav Dasgupta, Vice President for Market Relations at the Asian Development Bank (ADB). The parties discussed potential avenues for collaboration.

The discussion focused on advancing green and inclusive housing finance through Otbasy Bank, expanding mortgage options for women, and fostering sustainable construction practices in Kazakhstan. Plans are underway to establish a Green Direct Investment Fund in Kazakhstan and introduce an ESG roadmap to enhance the management of green infrastructure assets.

Timur Onzhanov stated that the partnership with the ADB is crucial for advancing impactful social initiatives and expanding affordable housing opportunities across Kazakhstan.

“For us, this partnership goes beyond typical collaboration. This alliance enables us to initiate large-scale projects supporting Kazakhstani families and unlocking the potential of sustainable financing. We are pleased to have the ADB’s support on initiatives like the Umai mortgage program for women, which is improving housing opportunities for thousands,” he stated.

Both parties affirmed their commitment to ongoing collaboration in sustainable and inclusive development. Their joint efforts strongly align with Kazakhstan's socio-economic goals and enhance the well-being of its citizens.