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Bank of Astana together with KazAgro presented results of innovation project in agrarian business of Kazakhstan

Presentation of results of joint activity of JSC “Bank of Astana” and “National management holding “KazAgro” on implementation of pilot project “Combining of grain manufacturers according to principles of cooperation and shared responsibility” was performed in Astana on December 7, 2015.  

Representatives from the Ministry of agriculture of the RK, committee on agrarian issues, Mazhilis, parliament of the RK, fund of financial support of agriculture, agrarian credit corporation, PDF “Damu”, and also largest banks and financial and credit institutes were on the meeting.

Results of approbation in Kazakhstan, world experience of cooperation in agrarian area, information on development of agriculture were presented on the meeting. Participants of the meeting discussed issues on organization of agrarian production in the republic and its financing. 

3 regional grain holdings were created during the first year of the project in Akmolinskaya and North-Kazakhstani areas, which combined 100 farm enterprises. Total financing amount of the project was 2,5 bln. KZT and 197 041 ton of wheat was collected during the first year. 

– First year of project work was successful and assessed by the government and farm enterprises, — told Olzhas Tokhtarov, chairman of the Board of directors of JSC “Bank of Astana”. — We are sure that number of participants of cooperatives and cultivated areas will increase. 

Reference information:
JSC “National management holding “KazAgro” implements national policy on development of agroindustrial complex of Kazakhstan by means of effective management with investment assets of companies in its structure: JSC “National company “Food contract corporation”, JSC “KazAgroProduct”, JSC “KazAgroFinance”, JSC “Agrarian credit corporation”, JSC “Fund of financial support of agriculture”, JSC “KazAgroGarant” and JSC “KazAgroMarketing”.  

Combining of grain manufacturers according to principles of cooperation and shared responsibility – three unions were created in 2015 in Akmolinskaya (LLP “Regional grain holding”), North-Kazakhstani (LLP “Regional grain holding in NKO”) and Kostanayskaya areas (LLP “Union of grain manufacturers “Kostanay-Export”). Total acres of one hundred participants were more 200 thousand ha. They were financed at the amount 2,5 bln. KZT by Bank of Astana due to funding of National holding “KazAgro”.