The National Bank, together with the Government, the Agency for Regulation and Development of the Financial Market, and Baiterek National Investment Holding, held a meeting with representatives of the financial sector

On January 22, a meeting was held with the participation of Chairman of the National Bank Timur Suleimenov, Deputy Prime Minister of the Republic of Kazakhstan – Minister of National Economy Serik Zhumangarin, Chairwoman of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market Madina Abylkassymova, Chairman of the Management Board of Baiterek National Investment Holding Rustam Karagoishin, as well as representatives of the Association of Financiers of Kazakhstan and senior executives of second-tier banks.

During the meeting, participants exchanged views on increasing the volume of corporate lending, including financing of large-scale projects, small and medium-sized enterprises, as well as the agro-industrial complex. Issues related to the stabilization of consumer lending were also discussed.

Within the framework of the meeting, issues of interaction between Baiterek National Investment Holding, second-tier banks, and regulators were discussed in the context of implementing a proactive investment policy.

Chairman of the Management Board of the Holding, Rustam Karagoishin, noted that the transformation of the Holding into an investment holding is aimed at more active involvement of banking liquidity and market instruments in financing the real sector of the economy.

“The key task of the Holding is to build a sustainable model of interaction with second-tier banks and regulators, in which the Holding’s financial instruments will strengthen, rather than replace, market-based lending. This will expand businesses’ access to financing and increase the efficiency of investments in the real sector,” he emphasized.

The meeting also addressed issues related to the application of blended and syndicated financing mechanisms, the development of guarantee instruments, and coordination between development institutions and the banking sector.

In addition, the participants discussed issues of digitalization of the industry and practical approaches to the introduction of digital financial assets into the country’s financial system.

Following the meeting, an agreement was reached to systematize further joint efforts on key issues of economic lending and financial market development.