Politics • 23 July, 2019

Askar Mamin holds board meeting of Baiterek National Holding Company JSC

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It is reported by the press service of PM.

Prime Minister Askar Mamin chaired a regular in-person meeting of the Board of Directors of Baiterek National Joint-Stock Company.

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

Following the results of 2018, the implementation of the Financial Institution Development Plan was fulfilled; revenues were fulfilled by 107.6%, amounting to 372.9 billion tenge against the plan of 346.6 billion tenge. Net income was executed by 174% and amounted to 34.72 billion tenge (the plan was 19.98 billion tenge). The assets of the Holding at the end of the year amounted to 4,719 billion tenge (103% of the plan).

During the meeting, the 2018 Annual Report, reports on the Development Plan and the Annual Budget of the Development Institute were approved.

In addition, the board of directors approved a plan of measures to improve the corporate governance of the Holding for 2019-2020. The action plan contains 47 events for the further development of corporate governance. Also, preliminary changes and additions to the company's Corporate Governance Code were considered for further approval by the Sole Shareholder.

The members of the board of directors approved the report of the Internal Audit Service of the Holding for the II quarter of 2019 and amended the Rules for the Procurement of Goods, Labor and Services of the Financial Development Institute.

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