Kassym-Jomart Tokayev reviewed a report on the results of the holding's activities for 2023, including work on supporting entrepreneurship, the agro-industrial complex, and providing housing for the population.
The President was informed that in 2023 the holding’s assets grew by 12%, the group’s investment and loan portfolios increased by 10%, and net profit rose by 7%, exceeding 400 billion tenge.
According to Nurlan Baybazarov, as part of the development of the real sector of the economy, Baiterek exceeded the planned financing targets for large projects and leasing transactions by 24%, and for micro, small, and medium-sized business projects by 42%. Record financing was achieved through the Development Bank of Kazakhstan and the Industrial Development Fund, totaling 1.061 trillion tenge across 300 projects and leasing deals. In the agro-industrial complex, 554.7 billion tenge were invested, which is 11% above the planned volume. In addition, in 2023, subsidiary companies provided assistance to 1.1 thousand farmers affected by drought and excess moisture, totaling 48 billion tenge.
The Head of State was also presented with information that over 2 million sq.m. of housing were commissioned in the reporting year under the holding’s initiatives. Investments in the housing sector amounted to 317.6 billion tenge. Through mortgage products of JSC "Otbasy Bank," loans totaling over 1 trillion tenge were issued.
During the meeting, the holding’s initiatives for 2024 were announced. These include investing 370 billion tenge in agro-industrial projects and creating more than 4,000 new jobs, launching programs to finance the manufacturing and tourism sectors, building plants for waste processing and sorting, and starting the 9-20-25 housing program.
Kassym-Jomart Tokayev was informed that as a result of implementing these initiatives, Baiterek’s contribution to the country’s economic growth by the end of the year will double compared to 2022.
The Head of State emphasized the importance of launching new programs and applying a comprehensive approach to support economic growth and improve citizens’ quality of life. He also gave a number of instructions to strengthen Baiterek’s work in diversifying the economy and developing strategically important industries.