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Share capital of KazakhExport increased by KZT 34 billion

The Charter Capital of Export Insurance Company “KazakhExport” JSC was increased by KZT 34 billion in line with the decision of NMH Baiterek JSC, the Sole Shareholder, dated 21 February, 2019 pursuant to order of Nursultan Nazarbayev, the President of the country, in his Address to the nation “Growing Welfare of Kazakh Citizens: Increase in Income and Quality of Life” in October 2018.    

 

The company's equity increased up to KZT 77.8 billion, assets amounted to KZT 82.8 billion.

 

“The increase in the Charter Capital of KazakhExport will have a positive impact on the development of the company, and will also allow to increase the amount of insurance support for Kazakhstan exporters and export revenue”, the Chairman of the Board of EIC “KazakhExport” JSC Ruslan Iskakov explained.

 

There are 14 instruments of government support for small and medium enterprises in the KazakhExport portfolio. Any operating Kazakh enterprise producing non-commodities and services, which plans to enter international markets and at the same time, protect its business from undesirable risks can benefit from these instruments.

 

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The mission of  Export Insurance Company “KazakhExport” JSC   (Included in the structure of NMH “Baiterek” JSC) is to support the growth of exports of non-commodities, works, services in priority sectors of the economy and establish a practice of financial and insurance and non-financial support for Kazakh enterprises.