ANNUAL REPORT
INDUSTRIAL DEVELOPMENT
FUND JSC
INDUSTRIAL DEVELOPMENT
FUND JSC
2023
Marat YELIBAEV
Chairman of the Board of Directors
Industrial Development Fund JSC
Industrial Development Fund JSC
Chairman of the Management Board
Industrial Development Fund JSC
Industrial Development Fund JSC
Rinat GAPPAROV
In 2023, the Development Strategy of Industrial Development Fund JSC (hereinafter - the Fund) was approved, and amendments were made to the Rules of Operation of Industrial Development Fund JSC.
The value of leasing and loan portfolios was equal to 1,185,059,042 thousand tenge on December 31, 2023, 270 leasing applications were accepted for funding and 258 leasing applications were financed with an amount of 487,083,342.47 thousand tenge.
The value of leasing and loan portfolios was equal to 1,185,059,042 thousand tenge on December 31, 2023, 270 leasing applications were accepted for funding and 258 leasing applications were financed with an amount of 487,083,342.47 thousand tenge.
KEY EVENTS IN 2023
In 2023:
1 224
buses were acquired
and 1,243 buses were delivered
and 1,243 buses were delivered
3 335
special vehicles
have been delivered
have been delivered
199
agricultural vehicles
191 tractors and combines, as well as agricultural equipment, were delivered
191 tractors and combines, as well as agricultural equipment, were delivered
558
special service cars
523 fire and police cars were delivered
523 fire and police cars were delivered
532
service vehicles
295 special vehicles were delivered
295 special vehicles were delivered
3 290
passenger and freight wagons were delivered
3
helicopters
were acquired for conducting forest aviation operations across the Republic of Kazakhstan
were acquired for conducting forest aviation operations across the Republic of Kazakhstan
Improving national prosperity through the development of the industrial sector and infrastructure.
A development financial institution fostering sustainable growth of the industrial sector and infrastructure, as well as promoting the development of the leasing market, including through funding private leasing companies.
GENERAL INFORMATION ABOUT THE FUND
MISSION AND VISION OF THE FUND
Operating Principles
THE VALUES OF THE FUND
Mission
Vision
People are the main value: self-development, health and safety of employees are the priority for the Fund.
The Fund ensures healthy and competitive working conditions so that employees demonstrate the best results.
The Fund ensures healthy and competitive working conditions so that employees demonstrate the best results.
Professionalism: high preparation for professional tasks.
Efficiency: the Fund is doing its best to achieve maximum results.
Team: working together to achieve better results from joint activities.
Integrity: cooperation within the Fund and with its partners, customers, and employees.
Social responsibility: responsibility for the impact of the Fund's performance on the public stakeholders.
Transparency and objectivity in disclosing information about its activities.
2
Alignment with the objectives of the state industrial and innovation policy of the Republic of Kazakhstan.
1
Client-centric approach.
3
Profit-neutrality in operations.
4
Minimization of sanction-related risks in the geopolitical environment.
5
DEVELOPMENT STRATEGIES
The Fund's development strategy was approved by the decision of the Board of Directors on February 23, 2023 (Protocol No. 202) and was based on economic development analysis and forecasts of the domestic and global economy.
The Fund's development strategy has indicative characteristics and was based on the principles of:
Rate of achievement of strategic key performance indicators in 2023
efficiency and effectiveness – timely and highquality achievement of strategic goals provided by the Development Strategy of the Fund.
4
feasibility - compliance of forecast indicator level with the expected development level of the Fund;
2
alignment of goals and objectives with the country's main strategic documents, such as The Strategy for Kazakhstan's Development2050, The National Development Plan of the Republic of Kazakhstan until 2025, National projects "Sustainable economic growth aimed at improving the well-being of Kazakhstanis" and "Strong regions - a driver of the country's development"; State program “Nurly Zhol”; The Law on “Industrial Policy”; The Development Strategy of NC Kazakhstan Temir Zholy JSC for 2014–2023, the Development Strategy of Samruk-Kazyna JSC for 2014–2023, and other governmental program documents;
1
consistency - phased achievement of the goals and objectives;
3
Profit and loss report of the Fund, thousand tenge.
Review and analysis of financial results
Fund's Balance Sheet, thousand tenge.
Dynamics of changes in ROE, ROA and net profit, billion tenge
Dynamics of changes in Leasing portfolio
Return on investment portfolio, thousands tenge
Industrial structure as of December 31, 2023
Projects funded in 2023
As of December 31, 2023, the largest regional concentration of leasing transactions in the structure of the leasing portfolio in the Republic of Kazakhstan is in the following regions:
Astana city – 24%,
Kostanay region – 18%,
Karaganda region – 10%,
Pavlodar region – 7%,
Almaty city – 6%.
Astana city – 24%,
Kostanay region – 18%,
Karaganda region – 10%,
Pavlodar region – 7%,
Almaty city – 6%.
LEASING INFORMATION
Regional structure
CORPORATE GOVERNANCE
The fundamental principles of the Corporate Governance Code are:
ORGANIZATIONAL STRUCTURE OF CORPORATE GOVERNANCE
GOVERNING AUTHORITIES
The structure of corporate governance is clearly defined by the Charter and internal acts of the Fund.
The governing authorities of the Fund are:
The governing authorities of the Fund are:
The principle of the separation of authority
1
Protection of the rights and interests of the sole shareholder
2
Effective management of the board of directors and the board
3
The principle of sustainable development
4
The principles of risk management, internal control, and internal audit
5
The principle of managing corporate conflicts and conflicts
of interest
of interest
6
Supreme Authority is
the Sole shareholder
the Sole shareholder
Governing Authority is
the Board of Directors;
the Board of Directors;
Executive Authority is
the Board
the Board
Supervisory Authority is
the Internal Audit Service
the Internal Audit Service
Other authorities following the legislation of the Republic of Kazakhstan and the Charter
The principles of transparency and objectivity in the disclosure of information on the activities of the Fund
7
SUSTAINABLE DEVELOPMENT
In December 2023, a Methodology for Sustainable Development was developed and approved, regulating the criteria for determining projects in accordance with the principles of sustainable development (ESG) of the Fund.
The Fund supports 11 of the 17 Sustainable Development Goals (hereinafter – SDGs) adopted in 2015 by the UN General Assembly, aimed at eliminating hunger, preserving the planet's resources and ensuring universal wellbeing.
The Fund plans to issue a report on sustainable development for 2023, within the framework of which it is planned to disclose information on the Sustainable Development Goals.
The Fund supports 11 of the 17 Sustainable Development Goals (hereinafter – SDGs) adopted in 2015 by the UN General Assembly, aimed at eliminating hunger, preserving the planet's resources and ensuring universal wellbeing.
The Fund plans to issue a report on sustainable development for 2023, within the framework of which it is planned to disclose information on the Sustainable Development Goals.
DEVELOPMENT PROSPECTS
The Fund will continue its main work on developing the industrial sector through financing domestic enterprises, within the framework of its first and primary strategic direction, which sets the following strategic objectives:
The primary efforts will be directed towards directly attracting clients through communication tools, as well as strengthening cooperation with relevant organizations (B2B meetings, forums, exhibitions).
Financing domestic enterprises
1
Financing equipment and ensuring transport infrastructure
2
Financing equipment and ensuring transport infrastructure
3
full version of the annual report 2023
Industrial Development Fund JSC Republic of Kazakhstan, Z05ТЗE2, Astana city, Yesil district, Mangilik El Avenue, building 55 A, 15, Baiterek Business Center
CONTACT INFORMATION
email: info@idfrk.kz
тel..: 8 (7172) 79-05-45,
тel.: 8 (7172) 79-05-43
тel.: 8 (7172) 79-64-97 (office)
тel.: 8 (7172) 79-05-43
тel.: 8 (7172) 79-64-97 (office)
