About company

"KazAgroFinance" JSC was established on December 28, 1999 in accordance with the Decree of the Government of the Republic of Kazakhstan dated November 24, 1999 No. 1777 "On Some 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 Agrarian Credit Corporation JSC. In turn, the Sole Shareholder of Agrarian Credit Corporation JSC is Baiterek National Managing Holding. The Company operates in accordance with the Law on Joint Stock Companies and the best corporate governance practices in the world.


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 14 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 2020 Fitch 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".

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

Authorized ordinary shares, pieces:102 837 204 shares

Issued ordinary shares, pieces:102 837 204 shares

Par value of 1 ordinary share:KZT 1 000

Par value of 1 ordinary share::KZT 1 000

On August 2, 2023, an additional issue of 20,000,000 ordinary shares was placed at a placement price of 1,000 tenge. As of September 1, 2023, the share capital of KazAgroFinance JSC is 102,837,204,000 tenge.

Company development history — JSC «KazAgroFinance»


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