- The National Managing Holding Baiterek JSC is a sole shareholder of the Bank.
One of the main targets of the Fund is to improve standards and use single mechanisms of the corporate governance in companies of the Holding group. The National Managing Holding Baiterek JSC is a sole shareholder of the Development Bank.
Baiterek Holding was established pursuant to the Decree of the President of the Republic of Kazkahstan No. 571 dated May 22, 2013 “On measures of management system improvement of development institutes, financial organizations and national economy development” and Decree of the Government of the Republic of Kazakhstan No. 516 dated May 25, 2013 “On measures on execution of the Decree by the President of the Republic of Kazakhstan No. 571 dated May 22, 2013”.
Mission of the Baiterek Holding is aimed at financial and investment support of non-energy sector, ensuring sustainable growth and diversification of the national economy, attraction of investment, cluster development and improvement of the corporate governance system of its subsidiaries.
Key strategic directions of activity of the the Baiterek Holding are as follows:
- support of sustainable development of economy of the Republic of Kazakhstan by providing financial support to priority sectors of the economy;
- support of small and medium businesses;
- support of new and modern sectors of the economy and innovation improvement;
- support of export activity of Kazakhstani companies;
- assistance in solving social oriented issues of the state.
Among key decisions taken by Baiterek Holding:
- approval of the Bank’s Charter and its amendments;
- appointment and early termination of authorities of the Bank’s Board of Directors members;
- approval of the annual finance statement and annual report of the Bank;
- approval of dividends amount;
- approval of authorized shares of the Bank.
About the HoldingBaiterek National Managing Holding was established in 2013. The main goal is to manage the stakes (participation shares) in the national development institutions, national companies and other legal entities belonging on the possession rights and transferred to trustee management. The Holding was established for purpose of optimization of management of development institutions, financial institutions and national economy development in accordance with the Decree of the President of the Republic of Kazakhstan of May 22, 2013 # 571. As of yearend 2014, the Holding united 11 subsidiary organizations within its group.
One of the key objectives of Baiterek Holding is to ensure efficient and mutually supplementing functions of the companies within the Holding’s group.
MissionMission of the Holding is to promote sustainable economic development of Kazakhstan through funding and support for priority sectors of economy aimed at implementation of public policy, finding solutions for socially–oriented tasks and reaching goals set by the “Strategy 2050”.В
VisionVision of the Holding by 2023 is the Holding being the main financial agent of the Government of the Republic of Kazakhstan that provides diversification, modernization and sustainable development of the economy and solution of socially-oriented tasks of the state.
Subsidiary companiesThe HoldingвЂ™s structure includes 11 subsidiary organizations:
- Development institutions participating in financing, investing and export support to large projects and enterprises, implementation of the State Program for Accelerated Industrial-Innovative Development for 2010-2014, the State Program for Industrial-Innovative Development for 2015-2019, and national companies: Development Bank of Kazakhstan JSC, Kazyna Capital Management JSC , Investment Fund of Kazakhstan JSC, KazExportGuarant JSC and Public-Private Partnerships Advisory Center LLP;
- Institutions providing support to development of innovative activities, small and medium businesses: Entrepreneurship Development Fund Damu JSC and National Agency for Technological Development JSC;
- - Financial organizations and national companies involved in implementation of projects in the sphere of real estate, housing-construction savings: Housing Construction Savings Bank of Kazakhstan JSC, Kazakhstan Mortgage Company, Baiterek Development JSC, Kazakhstan Fund for Guaranteeing Mortgage Loans JSC.
www.baiterek.gov.kzВ вЂ“ official web of the Baiterek NMH JSC