Baiterek Holding increases financial support of manufacturing sector by 17% 

At the session of the Board of Directors of the Baiterek National Management Holding chaired by the Prime Minister Askar Mamin, issues of the holding’s investment policy for 2019 were considered.

In 2019, subsidiaries of the Baiterek holding supported enterprises of non-resource sectors of the economy for a total of 839 billion tenge. Compared to the previous year, the volume of financial support increased by 123.8 billion tenge, or 17%.

In order to develop the private sector of the economy in 2019, 5,500 companies and organizations not related to the subjects of the quasi-public sector or legal entities affiliated with them were supported by 712 billion tenge.

Thanks to the support of the holding of domestic exporters, the volume of exports at the end of last year exceeded 1 trillion tenge (in 2018 – more than 750 billion tenge).

The session participants also approved a report on the risks of Baiterek NMH JSC for the second quarter of 2020.

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