Baiterek National Managing Holding JSC is a key state-owned financial institution in Kazakhstan, established in 2013 by a decree of the President of the Republic of Kazakhstan. The holding was created to promote sustainable economic development, diversify the national economy, and implement state policies aimed at supporting priority sectors.

The primary mission of Baiterek Holding is to:

• Facilitate Industrial and Innovative Development: Support projects that contribute to the modernization and diversification of Kazakhstan's economy.

• Support Small and Medium Enterprises (SMEs): Provide financial and non-financial assistance to SMEs to stimulate entrepreneurship and job creation.

• Enhance Housing Affordability: Implement programs to improve access to affordable housing for the population.

• Attract Investments: Encourage both domestic and foreign investments into key sectors of the economy.

• Develop Export Potential: Support companies in expanding their presence in international markets.

Baiterek Holding operates through a diversified portfolio of subsidiaries that focus on different sectors:

1. Development Bank of Kazakhstan (DBK): Offers long-term financing for large-scale investment projects in non-resource sectors.

2. Kazyna Capital Management (KCM): Engages in private equity fund investments to support growing companies.

3. Otbasy Bank (formerly Housing Construction Savings Bank of Kazakhstan): Specializes in housing finance, offering savings and mortgage products to make homeownership more accessible.

4. KazakhExport: Provides export insurance and financial services to promote Kazakhstani goods and services abroad.

5. DAMU Entrepreneurship Development Fund: Focuses on the development of SMEs by offering financial support and business development services.

6. Investment Fund of Kazakhstan: Aims to assist in restructuring and modernizing enterprises in priority industries.

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