Baiterek Holding Releases Quarterly Interim Report
The strategic planning committee of Baiterek National Holding recently met to discuss the operations results for the first quarter of the year and to outline initiatives within the digitalization strategy for 2024-2026. According to the holding’s press service, the net profit for this period reached 121 billion tenge (US$273.8 million), representing a 9% increase from the previous year.
During the first quarter, the holding financed 14 export operations and eight investment projects, totaling 153.5 billion tenge ($347.3 million). In addition, 3,461 entities in the agro-industrial complex received financing worth 178 billion tenge ($402.7 million), and 36 exporters received assistance totaling 210.7 billion tenge ($476.7 million). Otbasy Bank, a large second-tier bank in Kazakhstan, granted loans worth 248.6 billion tenge ($562.5 million) in the first quarter, showing a 35.7% increase compared to the previous year.
Deputy Chairman of the Board, Ussen Galym, provided an update on the implementation of the digitalization strategy for 2024-2026. The focus of the strategy is on automating and optimizing business processes, implementing new systems, enhancing customer-oriented services, and transitioning to paperless document circulation. The holding has strengthened its integration with e-government and developed new digital tools to improve interaction with customers and partners.
