Baiterek Holding through its subsidiaries – KazakhExport and the Development Bank of Kazakhstan – continues to actively support Kazakh exporters.
Over six months of 2020, the export insurance company KazakhExport provided insurance support to 49 exporters (13 of which received support for the first time) in the amount of KZT 26.4 billion. In 2019, the capitalization of the KazakhExport company was carried out in the amount of KZT 29 billion. The authorized capital increase is provided in the Law of the Republic of Kazakhstan “On the Republican Budget for 2019-2021” in the amount of KZT 34 billion. The remaining KZT 5 billion is planned to be received in 2021.
In total, this year the holding plans to provide support to exporters in the amount of KZT 125 billion through KazakhExport.
Baiterek Holding was established seven years ago with the aim of ensuring economic diversification and attracting investments. The holding includes 11 companies operating in significant sectors of the country’s economy. (Kazinform/Business World Magazine)