Baiterek Holding benefits from digitalization

The Baiterek Holding, being a fundamental financial institute for Kazakhstan’s development, gradually digitizes its activities, with the 2018-23 Digitalization Strategy including the six important directions is in place, the Holding’s press service informs.

One of the major digitalization projects, been recently implemented, is Digital Baiterek (digital.baiterek.gov.kz), which is a single platform on the State support measures for SMEs and housing. The platform is designed to automate 33 out of 43 services provided by the Holding and its subsidiaries. The e-Government site also allows for support for businesses.

The Holding’s subsidiaries also benefit from the digitalization projects, resulting in the reduced delivery time and paper documentation.

The automatization of the Entrepreneurship Development Fund Damu enabled to decrease the time of signing contracts on grants from 30 days to 30 minutes, and that of considering applications for guarantees from 15 to 5 days.

Loans from House Construction Savings Bank of Kazakhstan can be taken within 1-3 days, instead of 15 days before its automatization. It also helped reduce the number of visits necessary while taking a loan.

Baiterek Development, a subsidiary of the Baiterek Holding, has opened the situation centre Nurly zher to remotely monitor all the objects being constructed.

The Holding believes the digitalization will increase the efficiency, reduce unnecessary costs and time, provide citizens with access to its services as well as bring transparency to all the procedures.

The Holding’s subsidiaries include: the Development Bank of Kazakhstan, the Kazakhstan Investment Fund, the Housing Construction Savings Bank of Kazakhstan, the Kazakhstan Mortgage Company, KazakhExport, the Fund Damu, QazTech Ventures, the Housing Construction Guarantee Fund, Kazyna Capital Management, Baiterek Development, and the Kazakhstan Project Preparation Fund.