Baiterek 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.
Mission 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”.
Vision 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.
The Holding’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.