About Company

About company

KazAgroFinance JSC was established on December 28, 1999 in accordance with Decree of the Government of the Republic of Kazakhstan No.1777 ‘On Some Issues of Agriculture’ dated November 24, 1999 for facilitating the solution of one of the main challenges in agriculture – technical fleet renewal. The Company is a part of "NMH "Baiterek" JSC. The Company is wholly owned by "NMH "Baiterek" JSC. In its turn, the Ministry of Agriculture of the Republic of Kazakhstan is a Sole Shareholder of the Holding. The Company carries out its activity based on the Law of the Republic of Kazakhstan ‘On Joint Stock Companies’ and in accordance with the best corporate management practice. The Company serves for the benefit of the Sole Shareholder, is accountable to the Sole Shareholder and the Board of Directors.


Assistance in the technical equipment of the agro-industrial complex of the Republic of Kazakhstan by providing high-quality and competitive leasing services.


KazAgroFinance JSC is a leader in the Kazakhstan agro-industrial complex leasing market, which meets the needs of the industry for modern and high-tech equipment.


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 16 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.

On May, 3 2018 by the decision Of the rating Committee, Expert RA Kazakhstan rating Agency LLP assigned the company a management quality rating at the level of RCU-7 "Developed corporate governance practice". The company complies with the requirements of Kazakhstan legislation in the field of corporate governance and follows certain recommendations of international best practices in corporate governance. The company is characterized by low risks of loss of owners associated with the quality of management.

The number of employees



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 in the Company of an effective quality management system complying with the current requirements is stipulated by the Company’s internal needs in development, optimization and automation of core business processes, as well as promotion of the consumers’ satisfaction.

The purpose of the quality management system is to ensure the sustainable competitive advantages of the Company at the financial services market in the agricultural sector in accordance with the Company’s Mission and Quality Policy.

In 2008, KazAgroFinance JSC successfully passed the certification of the Quality Management System according to ISO 9001:2008.

In 2014, the Company passed the re-certification, having proved the compliance and functioning of the quality management system with ISO 9001:2008, which is proved by the Certificate.

In 2017, the Company successfully passed re-certification and made the transition to a new version of the ISO 9001: 2015 standard, which is confirmed by a certificate.

Quality Policy | Certificate of Quality | Certificate of Quality



Last year, the deal by KazAgroFinance JSC on issue and flotation of 5-year tenge bonds for KZT8 mlrd. was recognized by EMEA Finance as a winner in “Best local currency bond in EMEA”.

In December 2020, the Company took part in the Annual Reports Competition organized by the QRA rating agency, following which the Company's Annual Report took the 7th (seventh) position in the rating of all annual reports, and also entered the TOP-20 "Best ESG Information Disclosure in corporate reporting ”. In addition, the Company was awarded a Diploma for the best disclosure of strategy in the annual report.

KazAgroFinance JSC is a laureate of the Global Banking & Finance Awards 2020 of the award: The Best Agricultural Credit Company of Kazakhstan 2020. Information is indicated on the official website of Global Banking & Finance : https://www.globalbankingandfinance.com/global-banking-finance-awards-2020-award-winners/.

Information on number and par value of shares

Uantity of declared ordinary shares:82 837 204 shares

Quantity of outstanding ordinary shares:82 837 204 shares

Par value of 1 ordinary share:KZT1 000

Par value of 1 ordinary share::KZT1 000

Way of payment of the issuer’s shares:The Issuer’s shares were paid in cash.

Amount of funds raised from placement of the issuer’s shares:KZT82 837 204 000

At the end of 2019, the total number of declared and paid common stocks is 82.837.204 (31 December 2015: 82.837.204) at the placement price of 1.000 tenge. There were no changes during the reporting period. The owner of one common share has one vote and an equal right to receive dividends. The sole shareholder of the Company is the Joint-Stock Company “KazAgro” National Managing Holding”. The ultimate owner of “KazAgro” Holding” JSC is the Government of the Republic of Kazakhstan.

Company development history — JSC «KazAgroFinance»