Branch subsidiary of JSC "Baiterek National Management Holding"

About the bank

Economical habits – key to your dream 

Our bank

Any state has its own strategic goals and objectives. For Kazakhstan one of the most important areas of social policy is to provide citizens with affordable and high-quality housing. Economic growth and social profile of the State are the basis for establishment of housing construction savings system (HCS) which is regulated by the Law of RK “On housing construction savings in RK” of “7” December 2000.     

"House Construction Savings Bank of Kazakhstan" JSC is the only one bank in the country implementing housing construction savings system. HCS system is intended for improvement of housing conditions of people through attracting funds of depositors to housing construction deposits and granting them with housing loans.

In July 2003 "House Construction Savings Bank of Kazakhstan" JSC acquired Certificate of State Registration of a Legal Entity. In September the same year the large scale works were carried out to develop the Bank’s branch network and attracting depositors to make housing construction deposits.

In 2005 the Bank managed to issue the first loan – this was an interim loan. In 2006 the Bank reached break-even operation level and issued the first housing loan. In 2007 the Bank was rated by Moody’s International Rating Agency. Also "House Construction Savings Bank of Kazakhstan" JSC was the first of Kazakhstani banks to receive Quality Management System Certificate of Conformity ISO9001:2000. This Certificate is confirmed on annual basis by external independent certification body.  

Further extent of involvement of "House Construction Savings Bank of Kazakhstan" JSC into state and branch programs has significantly extended. In addition the Bank started cooperation with private developers for selling housing through housing construction savings system.

As of 01.09.2018 savings of depositors are 554 884 million tenge. For the current year 258 028 contracts were concluded with a contractual amount of 1 338 217 million tenge, 22 363 loans for the amount of 195 482 million tenge were granted. The amount of current loan portfolio is 557 562 million tenge.

From the Republican budget credit funds for 124 600 million tenge were allocated to the Bank; as of 01.09.2018 the amount of 124 196 million tenge was disbursed from total allocated funds.

JSC "Baiterek National Management Holding" allocated the amount of 22 000 million tenge to the Bank for the issue of preliminary and interim housing loans to participants of the “Nurly zher” housing development program. As of September 1, 2018 the allocated amount for this Program has been fully disbursed.

Akimat of Almaty allocated budget funds for 1 400 million tenge for the issue of preliminary and interim housing loans to participants of the “Almaty Roadmap for Youth Support 2020” program approved by the Akim of Almaty on September 18, 2017. As of September 1, 2018 the amount of 996 million tenge was disbursed from total allocated funds.

The Ministry of Finance of the Republic of Kazakhstan allocated the amount of 8 000 million tenge to the Bank for the issue of preliminary and interim housing loans to the participants of the “Nurly zher” housing development program. As of September 1, 2018, the allocated funds has been fully disbursed.

The Ministry of Finance of the Republic of Kazakhstan allocated the amount of 24 000 million tenge to the Bank for the issue of preliminary and interim housing loans to the participants of the “Nurly zher” housing development program. As of September 1, 2018, the allocated funds has been fully disbursed.

Over the course of its entire activity "House Construction Savings Bank of Kazakhstan" JSC constantly works on improvement of services and their quality. By terms of savings deposit programs of the Bank vary from 3 to 15 years, whereas terms for granting of housing loans vary from 6 to 25 years. It should be noticed that the State provides financial support for housing construction savings system via paying bonuses to depositors by deposits in "House Construction Savings Bank of Kazakhstan" JSC. Annual bonus granted by the State is 20% of the total amount of incentive deposit (but not more than 200 minimum calculation indexes).

"House Construction Savings Bank of Kazakhstan" JSC strives to ensure wide coverage of economically active people in the country to involve them into housing construction savings system, keeping principles of reliability, trust, transparency and high quality in mutual relations with clients and partners.         

Bank organizational structure includes Headquarters in Almaty city and 17 regional subsidiaries.  

MISSION

Providing the own housing for Kazakhstani families and increasing the sense of Homeland

STRATEGIC VISION

In 2023 we are stable, high-tech, client-oriented, socially important bank, developing principles of housing construction savings (HCS) system and actively involved in execution of State programmes, focused on development of housing construction in order to provide housing to general public.


The Sole Shareholder of "House Construction Savings Bank of Kazakhstan" JSC is JSC "Baiterek National Management Holding".

JSC "Baiterek National Management Holding" was founded in 2013.   

The Holding’s major objective is management of share packages (participatory interests) of national development institutions, national companies and other legal entities owned by the Bank on the right of ownership and transferred for trust management. The Holding is created in pursuance of optimizing management system of  development institutions, financial organizations and development of the National Economy by the Decree No. 571of the President of the Republic of Kazakhstan of “22” May of 2013. As of the end of 2014 the Holding united 11 daughter organizations under its management.

One of key objectives of “Baiterek” Holding is to ensure effective and mutually supportive functioning of Holding corporate group.


www.baiterek.gov.kz  — official site of JSC "Baiterek National Management Holding".

Ratings of the Bank

Currently the international rating agencies assigned to the Bank the following ratings.

In accordance with Fitch Ratings credit opinion dated 20.04.2017

  Long-term rating of issuer's default in the national currency       

 BBB- 

 Forecast – “Stable”     

  Short-term rating of issuer's default in the national currency

F3

 Forecast – “Stable”   

In accordance with Moody's credit opinion dated 28.07.2017

  Long-term rating in regard to deposits in the national currency         

 Baa3 

 Forecast – “Stable”        

  Short-term rating in regard to deposits in the national currency      

P-3

 Forecast – “Stable”

 
  Baseline credit assessment

  Ba2  Forecast – “Stable”


Member in international organizations
 

European Federation of Building Societies (EFBS)

International Union for Housing Finance (IUHF)

Memorandum on Cooperation

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Audit

The audit company PricewaterhouseCoopers LLP audits the financial statements of the Bank for 2015-2018, the total value of the Agreement is 72,000,000 (seventy-two million) KZT tenge, excluding VAT.



Licenses 

License for holding banking transactions and other operations fulfilled by banks in the national and foreign currency.

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Statistics

Information on basic indicators (01.01.2018)
Information on basic indicators (01.02.2018)
Information on basic indicators (01.03.2018)
Information on basic indicators (01.04.2018)
Information on basic indicators (01.05.2018)
Information on basic indicators (01.06.2018)
Information on basic indicators (01.07.2018)
Information on basic indicators (01.08.2018)
Information on basic indicators (01.09.2018)

2017 (download)
2016 (download)
  

Organizational structure 

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