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About Company
About company
KazAgroFinance JSC was established on December 28, 1999 in accordance with the Resolution of the Government of the Republic of Kazakhstan dated November 24, 1999 No. 1777 "On certain issues of agriculture" to assist in solving one of the main problems in agriculture — the renewal of the technical park.
Since July 25, 2022, the Company has been a subsidiary of JSC Agrarian Credit Corporation. In turn, the sole shareholder of JSC "Agrarian Credit Corporation" is the National Managing Holding "Baiterek".
The Company carries out its activities in accordance with the Law on Joint Stock Companies and the best corporate governance practices in the world. The Company operates in the interests of the Sole Shareholder, is accountable to the Sole Shareholder and To the Board of Directors.
Mission
Technical and technological modernization of business of subjects of the agro-industrial complex of the Republic of Kazakhstan.
Vision
KazAgroFinance JSC is a partner that provides comprehensive support to clients in the agricultural sector using digital solutions.
Activities
To implement statutory objectives the Company carries out the following activities:
1) leasing activity in the agricultural industry;
2) crediting and other activities that meet the goals and objectives of the Company and not prohibited by the legislative instruments;
3) participation in implementing the Republican Budget and other programs aimed at the development of
agro-industrial complex. In all regions of Kazakhstan the company is represented by 15 branches. The Company has no subsidiaries.
License
License by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations for carrying out the national currency transactions stipulated by the Banking Law of the Republic of Kazakhstan obtained on March 31, 2006.
Quality Management System
Awards
KazAgroFinance JSC's deal to issue and place 5-year tenge-denominated bonds in the amount of 8 billion tenge in 2016 was recognized by EMEA Finance as the winner in the category "Best Local Currency Bond Issue in Europe, the Middle East and Africa" ("Best local currency bond in EMEA").
In December 2020, the Company participated in the Annual Reports Competition organized by the QRA rating agency, which resulted in the Company's Annual Report taking the 7th (seventh) position in the ranking of all annual reports, as well as entering the TOP 20 "Best ESG Information Disclosure in Corporate Reporting." In addition, the Company was awarded a Diploma for the best disclosure of the strategy in the annual report.
KazAgroFinance's annual report for 2021 in the ESG information disclosure rating conducted by PwC Kazakhstan took 1st place in the ranking of "The best financial Companies in terms of ESG Information disclosure", as well as 5th position in the overall ESG information disclosure rating and received a "B+" disclosure rating.
The annual report of KazAgroFinance JSC for 2022 received a diploma for the best disclosure of corporate governance issues based on the results of the annual annual reports competition conducted by PwC Kazakhstan, and also entered the Top 50 best companies, taking the 24th position in terms of ESG information disclosure.
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