KazAgroFinance
Annual Report 2019

KEY
EVENTS


From January 1 to December 31

a new financing program “Agriculture” was implemented at 9%, the financing programs “Harvest”, “Own Feed” and “Reliable Farmer” were supplemented by a new source of financing at 9%.



On January 28

Fitch Ratings Inc. changed the Company’s rating forecast from “negative” to “stable” with confirmation of long-term rating at BB+ level.



On February 7

a second bond issue of 4.09 billion KZT under the second five-year bond program was released, placing the bonds in full within the registered volume at 12 billion KZT.



On April 4

Fitch Ratings Inc. confirmed the company’s long-term rating at the BB+ level with the forecast “stable”.



On May 4

the Company was excluded from the list of privatized facilities by the Decree of the Government of the Republic of Kazakhstan.



On October 25

a branch in Nur-Sultan was established.



On November 21

changes were made to the Company’s Development Strategy for 2017-2026.



On December 14

the Company’s Annual Report for 2018 according to the results of the annual reports competition was ranked 3rd in the financial sector, as well as 12th among more than 100 participants in the competition.



On December 27

the Company registered the third issue of bonds under the second bond program in the amount of 20 billion KZT for 5 years, with a partial placement of 6.2 billion KZT. In April 2020, the bond issue was extended in full.



On December 28

KazAgroFinance celebrated its 20th anniversary.