About the bank

Economical habits – key to your dream

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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.

"Otbasy bank" 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 "Otbasy bank" 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 "Otbasy bank" 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 "Otbasy bank" 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 01.05.2023, savings of depositors are 2 267 billion tenge. For the current year 160 thousand contracts were concluded with a contractual amount of 854 billion tenge, 17 thousand of loans for the amount of 298 billion tenge were granted. The amount of current loan portfolio is 2 993 billion tenge.

Credit funds for 709.6 billion tenge were allocated to the Bank from the State Budget and the National Fund. As of 01.04.2023, the amount of 615 billion tenge was disbursed from total allocated funds.

The Ministry of Finance of the Republic of Kazakhstan allocated the total amount:

- 383.5 billion 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 01.04.2023, the amount of 313.7 billion tenge was disbursed from total allocated funds.

JSC "Baiterek National Management Holding" allocated the total amount:

- 232 billion tenge to the Bank for the issue of preliminary and interim housing loans to participants of the “Nurly zher” housing development program. As of today, the allocated amount has been fully disbursed.

Akimat of Almaty City allocated budget funds:

- For the issue of preliminary and interim housing loans to participants of the “Almaty Roadmap for Youth Support 2020” program 58.9 billion tenge was allocated. As of 01.05.2023, the amount of 41,9 billion tenge have been fully disbursed.
- 8.8 billion tenge for the issue of preliminary and interim housing loans to participants of the “Bakytty otbasy” program. As of 01.05.2023, the amount of 5.3 billion tenge was disbursed from total allocated funds.

Akimat of Astana allocated budget funds:

- 80 million tenge for the issue of preliminary housing loans. As of today, the allocated amount has been fully disbursed.
- 3.5 billion tenge for the issue of preliminary and interim housing loans to participants of the “Elorda zhastary” program. As of today, the 2.073 billion tenge of allocated amount has been fully disbursed.
- within the framework of the Bank's regional program for lending to citizens of the Republic of Kazakhstan, within the framework of the social policy of the LEA, 1 billion tenge was allocated.

As of 01.05.2023, as a part of the implementation of regional youth programs, the following funds were allocated:

- for crediting participants in the program of preferential crediting to youth of the Zhambyl region "Aulieata zhastary" - 500 million tenge, of which 470 million tenge has been fully disbursed.
- for crediting citizens under 35 years of age within the framework of the Karaganda Zhastary program - 1 billion tenge, which have been fully disbursed.
- for crediting youth in Atyrau under the program "Corporate" - 1 billion tenge.
- for crediting young specialists in the city of Kostanay - 350 million tenge, which have been fully disbursed.
- for crediting young professionals in the Almaty region - 600 million tenge, of which 176.6 million tenge was disbursed.
- for crediting orphans and children left without parental care in the Zhetisu region and for crediting to adults who have reached 18 years of age and older in the city of Taldykorgan - 400 million tenge, 9.4 million of this amount was disbursed.
- for crediting the youth of Aktobe region - 300 million tenge, which are fully disbursed.
- for crediting participants of the Bank's Regional Program for crediting to citizens of the Republic of Kazakhstan within the framework of the social policy of local authorities under the program "Abay zhastary" - 573 million tenge, of which 320.9 million tenge was disbursed.
- for crediting youth within the framework of the Bank's Regional Program for crediting to citizens of the Republic of Kazakhstan within the framework of the social policy of the LEA "Ulytau Zhastary" - 500 million tenge.
- for crediting citizens of the Republic of Kazakhstan within the framework of the social policy of the LEA Akimat of Zhambyl region within the framework of the Bank's Regional Program - 1 billion tenge
- for crediting citizens of the Republic of Kazakhstan within the framework of the social policy of the LEA of Temirtau - 200 million tenge

Over the course of its entire activity "Otbasy bank" 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 "Otbasy bank" JSC. Annual bonus granted by the State is 20% of the total amount of incentive deposit (but not more than 200 minimum calculation indexes).

"Otbasy bank" 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 01.03.2022

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	F2

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 2019-2021, the total value of the Agreement is 75,500,000 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

About the bank

Economical habits – key to your dream

Our bank

Ratings of the Bank

Member in international organizations

Audit

Licenses

Statistics

Review of the results of independent diagnostics of corporate governance

Organizational structure

About the bank

Economical habits – key to your dream

Our bank

Ratings of the Bank

Member in international organizations

Audit

Licenses

Statistics

Review of the results of independent diagnostics of corporate governance

Organizational structure

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