16.01.2020

Baiterek Holding takes over the experience of the Russian Project Finance Factory

Baiterek Holding takes over the experience of the Russian Project Finance Factory

Aidar Arifkhanov, Chairman of the Board of Baiterek Holding, and heads of the Holding’s subsidiaries paid a working visit to Moscow, where they met with top managers of Russian state financial institutions.

 

The delegation included the heads of subsidiaries of Development Bank of Kazakhstan JSC Abay Sarkulov, KazakhExport ESC JSC Ruslan Iskakov, Kazyna Capital Management JSC Ainur Kuatova, FRP Damu JSC Gaukhar Buribaeva, Kazakhstan Project Preparation Fund LLP Adil Utembaev, Development Bank of Kazakhstan-Leasing JSC Nurlan Baybazarov.

 

At the head office of the VEB.RF state corporation, the Holding’s leadership was shown the capabilities of the business support tool, the Project Finance Factory (FPF).

 

FPF is a mechanism for project financing of investment projects in priority sectors of the economy. Several Russian banks and the VEB.RF state corporation themselves are creditors at once. They provide the borrower with the so-called “syndicated”, that is, a joint loan, the value of which, as a rule, is much higher than that which can be allocated by one bank. Projects worth from 3 billion rubles and a payback period of up to 20 years can apply for soft loans. The applicant must invest at least 20% of the project cost himself.

 

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In turn, Aidar Arifkhanov expressed his gratitude for the review of the FPF and his acquaintance with the participants in this program.

 

“Close and mutually beneficial cooperation with you will allow us to effectively implement key tasks in the field of attracting investments and financing projects,” said the head of Baiterek holding, addressing the chairman of VEB.RF Igor Shuvalov.

 

In turn, Aidar Arifkhanov told his Russian colleagues about the activities of the Baiterek holding, whose main strategic areas are supporting large businesses, developing small and medium-sized businesses, increasing export potential, ensuring financial affordability of housing, as well as developing an innovative ecosystem and technological entrepreneurship.

 

In addition, Aydar Arifkhanov met with the General Director - Chairman of the Board of the Federal Corporation for the Development of Small and Medium Enterprises JSC (SME Corporation) Alexander Braverman, as well as with the Director of the Industrial Development Fund Roman Petrutsey.

 

Recall that the subsidiary of SME Corporation, JSC “SME Bank”, in the framework of the XVI Forum of inter-regional cooperation of Kazakhstan and Russia in Omsk, signed an agreement with the Damu Fund. Thanks to the agreements reached, the parties intend to cooperate in the implementation of measures to support entrepreneurs, including financial and guarantee, information and marketing support and the exchange of experience.

 

The Industrial Development Fund was founded to modernize Russian industry and offers preferential terms for co-financing projects aimed at developing new high-tech products, import substitution, export, leasing of production equipment and so on.

 

In addition, the heads of Baiterek holding and subsidiaries took part in the Gaidar Forum, the annual international scientific and practical conference of Russia in the field of economics, which has been held since 2010. According to the organizers, the Gaidar Forum is often called the “Russian Davos” in the media, given the qualitative composition of the participants and the status of experts. This year, the participants discussed issues such as cooperation between the state and business in the digital race, is there a place for small and medium-sized businesses in the procurement world, financial control to implement national goals.

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