Year of Branches of JSC "KazAgroFinance", Almaty city

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Year of Branches of KazAgroFinance JSC, Almaty city

KZT3.2 mlrd. were invested by the Branch of KazAgroFinance JSC in Almaty city for the development of the agricultural sector of the region within 4 years. It was reported by the Director of the Branch Olzhas Nishanbayev. According to him, during the stated period over 453 units of agricultural machinery and special equipment were leased to the domestic farmers in the region.

‘At year-end of 2017, the Branch placed 69 units of agricultural and special machinery for over KZT700 mln. The most popular among our clients are Belarus tractors. Over 30 units were leased. Both the crop farming and livestock farming are actively developing in the region. In 2018, we also are intending to fulfil the tasks set towards us this year’, Olzhas Nishanbayev stated.

In the course of his address, he notice that for the last year the Branch of the Company rendered the support to 32 farms, where 11 farms are the long-standing clients being supported annually and 21 attracted clients.

‘One dairy farm, three reproducer farms, one vegetable storehouse, three intensive orchards, as well as sausage processing enterprise had been previously constructed in our region with the support from the Branch of the Company. Last year, among the attracted clients the Investment Project ‘Creation of Intensive Apple Orchard of 28.52 Ha’ and leasing of equipment for the fruit storehouse of 1000 ton in Almaty region were financed. The total value of the Project was KZT575 mln.’.

In conclusion of his address, Olzhas Nishanbayev noticed that the spring field campaign is at the close in the region. Moreover, the important factor is that on the threshold of the off-season period, the Branch has already placed 50 units of agricultural machinery for over KZT300 mln. He also added that now the applications for harvesting campaign are accepted; 45 (forty-five) financial leasing contracts for KZT314 mln. have already been concluded, 11 applications for KZT86.8 mln. have been approved and 5 applications for KZT37 mln. are under consideration and the documents for 3 projects are being prepared.

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