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Saturday, August 24th, 2019

Prime Minister Askar Mamin chairs board meeting of Baiterek Holding

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At the meeting, it was decided to increase the share capital of BRK Leasing JSC, which is a part of the Holding Company, for leasing buses, tractors and combines for 15 billion tenge.

In addition, the lending of Baiterek Holding was approved, followed by the provision of a loan to the Development Bank of Kazakhstan to support domestic automakers through conditional financing of second-tier banks for lending individuals � buyers of Kazakhstan-made cars. The second direction is a leasing financing to legal entities and individual entrepreneurs who are leasing vehicles and special-purpose vehicles, with the exception of agricultural machinery manufactured in Kazakhstan.

The board members also approved the Matrix of Business Processes, Risks and Controls for 2019 and the report of the Internal Audit Service of the Holding for the fourth quarter of 2018.

Source: The Prime Minister of Kazakhstan

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