ASTANA, Kazakhstan, April 29. President of Kazakhstan Kassym-Jomart Tokayev met with Rustam Karagoishin, Chairman of the Board of Baiterek National Management Holding Company, and discussed the results of the company's activities for 2024 and plans for the current year, Trend reports.
In the course of the meeting, the President was informed that the holding's assets reached 14.1 trillion tenge (approximately $28.2 billion) by the end of the reporting year.
Moreover, it was noted that in 2024, the holding provided support amounting to approximately 6 trillion tenge (about $12 billion). Of this, 4.1 trillion tenge (around $8.2 billion) was allocated to support large, medium, and small businesses, while another 1.9 trillion tenge (around $3.8 billion) was directed to the housing construction sector.
"The investment and loan portfolios have been increased to 10.3 trillion tenge (about $20.6 billion), and the net profit amounted to 416 billion tenge (approximately $832 million). According to Rustam Karagoishin, these funds are planned to be used for the implementation of support programs within the group of companies of the holding," the President's press service stated.
Kassym-Jomart Tokayev was also presented with information about the launch of two guarantee funds based on JSC "FRP Damu." The first is focused on supporting small and medium-sized businesses, while the second aims to finance large projects worth over 7 billion tenge (about $14 million).
Furthermore, Tokayev was informed about the launch of several initiatives to attract foreign direct investment, including joint funds with international partners in the agricultural, manufacturing, and mining-metallurgical industries. These funds are being formed within the jurisdiction of the Astana International Financial Center.
The President emphasized the importance of implementing these initiatives for the sustainable economic growth of the country. Kassym-Jomart Tokayev instructed the "Baiterek" holding to work with second-tier banks to ensure financing for the real economy sector and to address the issue of attracting funds for the implementation of the National Project for the modernization of the energy and utilities sectors.