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.


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


KazAgroFinance JSC is a partner that provides comprehensive support to clients in the agricultural sector using digital solutions.


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 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 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.

Quality Policy | Quality Goals качества | Certificate in Quality


Last year, the deal by KazAgroFinance JSC on issue and flotation of 5-year tenge bonds for KZT 8 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.

The annual report of KazAgroFinance for 2021 in the ESG information disclosure rating conducted by PwC Kazakhstan took 1st place in the “Best financial companies by level of ESG information disclosure” rating, as well as 5th position in the overall ESG information disclosure rating and received a disclosure rating of “B+".

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 competition of annual reports held by PwC Kazakhstan, and also entered the Top 50 best companies, taking 24th position in terms of the level of disclosure of ESG information.

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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