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.

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Mission

Technical and technological modernization of business of subjects of the agro-industrial complex of the Republic of Kazakhstan.

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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.

Presence of Ratings.

On 4 April 2019 the International Rating Agency ‘Fitch Ratings’ has affirmed the Long-Term foreign and local currency Issuer Default Ratings (IDRs) of KazAgroFinance JSC at 'BB+' with Stability Outlook.

April 2 2020Fitch Ratings confirmed the long-term rating at BB+, the outlook is “stable”. On December 22, 2020, a rating review was conducted, as a result of which the ratings were maintained at the same level.

On 11 November 2021 the international rating agency "Fitch Ratings" has revised the Outlook on KazAgroFinance JSC Long-term Foreign and Local Currency Issuer Default Ratings (IDRs) to Positive from Stable and affirmed the IDRs at "BB+".

November 10 2022 the international rating agency "Fitch Ratings" has upgraded KazAgroFinance JSC's Long-term Foreign and Local-Currency Issuer Default Ratings (IDRs) to "ВВВ-" from "BB+". Outlook revised to Stable from Positive.

On September 25 2023 the international rating agency Fitch Ratings confirmed the long-term issuer default ratings (IDR) of KazAgroFinance JSC in foreign and national currencies at the level of "BBB-". Forecast "Stable".

On September 18, 2024 the international rating agency Fitch Ratings confirmed the long-term issuer default ratings (IDR) of KazAgroFinance JSC in foreign and national currencies at the level of "BBB-". Forecast "Stable".

On September 11, 2025 the international rating agency Fitch Ratings has affirmed KazAgroFinance JSC's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'. The Outlook is Stable.

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

Creation of an effective quality management system in the Company, which meets modern requirements, is determined by internal needs of the Company in development, optimization and automation of basic business processes, as well as increase of satisfaction of consumers.
The purpose of the quality management system is to ensure the Company’s sustainable competitive advantages in the market of financial services in the agricultural sector in accordance with the Company’s mission and quality policy.
The primary quality management system of «KazAgroFinance» JSC has been implemented and has been functioning since 2017. Since 2020 «KazAgroFinance» JSC has certified quality management system for compliance with the requirements of the international standard ISO 9001:2015 in the Certification Body of «Intertek International Kazakhstan» LLP with annual conformity assessment as part of supervisory audits.
In 2023 «KazAgroFinance» JSC confirmed the compliance of the quality management system with the requirements of the international standard ISO 9001:2015 and received the ISO certificate in the Authority for Conformity Confirmation of «Team Expert SM» LLP acting until 2026.
In 2025, Intertek International Kazakhstan LLP conducted an observation audit of the quality management system of KazAgroFinance JSC, according to the results of which the company's quality management system was recognized as compliant with the requirements of the international standard ISO 9001:2015.

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").

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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.

Information on the number and par value of shares
1
102 837 204
1
102 837 204
1
1000 тг
1
1000 тг
On August 2, 2023, an additional issue of 20,000,000 ordinary shares was carried out at the placement price of 1,000 tenge. As of September 1, 2023, the share capital of KazAgroFinance JSC is 102,837,204,000 tenge.

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