Sole Shareholder

The National Managing Holding Baiterek JSC is a sole shareholder of the 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”.

The vision: “Baiterek” NMH” JSC is a key institution of the Government of the Republic of Kazakhstan that meets the advanced standards of corporate governance and ensures the implementation of the objectives for sustainable development of the economy of Kazakhstan through its diversification, support for innovation, export development, increase in labor productivity.

The mission of “Baiterek” NMH” JSC is to support the sustainable economic development of the Republic of Kazakhstan in order to implement public policies and achieve goals set by the 2050 Strategy.

Key strategic directions of activity of the the Baiterek Holding are as follows:

• support for entrepreneurship in the large businesses segment;
• support for entrepreneurship in the SME segment;
• support in the availability of housing;
• support in export capacity;
• deployment and transfer of innovation.

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.