A regular meeting of the Board of Directors of “Baiterek” NMH JSC has been held under the chairmanship of the Prime Minister of the Republic of Kazakhstan, Askar Mamin, as it was informed on the official information resource of the Head of the Government of the Republic of Kazakhstan.
The Holding's key performance indicators, namely in terms of financial results, fundraising, support for entrepreneurship, increase in housing affordability, development of customer-oriented practices, have been reviewed at the meeting.
Following the year of 2018, the implementation of the Financial Institute Development Plan has been executed by 107.6% against the planned level of 346.6 billion tenge, having amounted to 372.9 billion tenge. The net profit of has been executed by 174% and amounted to 34.72 billion tenge (the planned level was 19.98 billion tenge). The assets of “Baiterek” Holding have amounted to 4 719 billion tenge (103% of the planned level) by the end of the year.
In the course of the meeting, the Annual Report, Development Plan Implementation Report and Development Institute Annual Budget have been approved following the results of 2018.
In addition, the Board of Directors has approved the Action Plan for the Holding’s Corporate Governance Enhancement in 2019–2020. The Action Plan contains 47 measures for the further development of corporate governance. Amendments and additions to the company’s Corporate Governance Code have been also reviewed for further approval by the Sole Shareholder.
The members of the Board of Directors have approved the report of the Internal Audit Service for II quarter of 2019, as well as the Regulations for Goods, Works and Services Procurement of the Financial Development Institute have been amended.
Photo has been provided by the Press Service of the Prime Minister of the Republic of Kazakhstan