Prime Minister Askar Mamin holds meeting of the Board of Baiterek Holding

Prime Minister Askar Mamin chaired a regular in-person meeting of the Board of Directors of JSC Baiterek National Managing Holding.

The meeting examined the key performance indicators of the holding in terms of achieving financial results, raising funds in capital markets, supporting entrepreneurship, improving housing affordability, developing customer-oriented practices.

According to the results of 2018, the implementation of the Development Plan of the financial institution, revenues were executed by 107.6% against the plan of 346.6 billion tenge, amounting to 372.9 billion tenge. Net profit was fulfilled by 174% and amounted to 34.72 billion tenge (plan – 19.98 billion tenge). Assets of Baiterek holding at the end of the year amounted to 4,719 billion tenge (103% of the plan).

During the meeting, the annual report, reports on the implementation of the Development Plan and the annual budget of the development institute according to the results of 2018 were approved.

In addition, the Board of Directors approved the Action Plan for improving the corporate governance of the holding for 2019-2020. The action plan contains 47 activities for the further development of corporate governance. Also, preliminary amendments and additions to the Code of Corporate Governance of the company were considered for their subsequent approval by the sole shareholder.

Members of the Board of Directors approved the report of the Holding’s Internal Audit Service for the II quarter of 2019 and amended the Rules for the Procurement of Goods, Works and Services of the financial development institute.

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