National Managing Holding KazAgro announces results of operations for 2015 and development prospects for 2016
OREANDA-NEWS. National Managing Holding KazAgro JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following message dated February 19, 2016:
"...Last year, the funding of the industry by the national holding KazAgro amounted to KZT317 bn, of which about 65% (KZT203 bn) was used for lending and leasing programs.
The Holding share in the loan portfolio of agribusinesses on the basis of 2015 amounted to 43%, and the holding's customers are 49 thousand borrowers.
The share of small and medium enterprises in the total volume of lending provided to the agricultural sector by the Holding amounted 88%.
The investment portfolio of Holding KazAgro is 528 investment projects worth KZT320.4 bn. Of these, using the funds of the National Fund the Holding approved for financing 216 investment projects worth KZT200 bn.
The investment projects financed by the Holding collectively annually produce goods worth KZT430 bn and ensure tax revenues at the level of KZT17 bn annually.
Due to the funds provided by the Holding in 2015, 29 thousand people were offered jobs".