On September 6, 2025, Industrial Development Fund JSC, a subsidiary of the Development Bank of Kazakhstan and part of the Baiterek National Management Holding structure, celebrates its 20th anniversary – marking two decades since the establishment of this development institution.
Originally founded on September 6, 2005, as BRK-Leasing JSC, the financial institution was later renamed and restructured. On May 11, 2020, by the Decree of the Head of State Kassym-Jomart Tokayev, it was re-established as Industrial Development Fund JSC.
Over two decades, the institution has followed a successful path and today stands as the undisputed leader of Kazakhstan’s leasing market, holding a share of more than 70%.
The activities of Industrial Development Fund JSC are aimed at the sustainable development of the national economy through the consistent support of the manufacturing and infrastructure sectors.
Every year, the Fund demonstrates steady growth in its financial and economic performance. Over the last three years, the Fund has more than tripled its portfolio – from KZT 642 billion at the beginning of 2022 to KZT 2.2 trillion in 2025.
— The key principles of the Fund’s corporate policy are economic efficiency and the social orientation of projects. They ensure a significant increase in tax revenues to the budget, the creation of hundreds of new jobs, the emergence of domestic products, and the strengthening of the country’s export potential. With the support of the Fund, industrial facilities equipped with advanced, high-tech equipment that meets international standards are being launched. Operating enterprises are also undergoing technological modernization, which makes it possible to improve product quality and increase localization levels. As part of the development of the transport and logistics sector, the Fund has supported the acquisition of more than 31,000 units of domestically produced vehicles by various government agencies and organizations, including ambulances, fire trucks, law enforcement vehicles, and passenger buses. In 2024 alone, with the Fund’s financial support, 24 new manufacturing enterprises were commissioned, – noted Rinat Gapparov, Chairman of the Management Board of Industrial Development Fund JSC.
The Fund is also implementing a program to support enterprises involved in the sorting, processing, and disposal of solid household waste, which contributes to strengthening the ecological balance.
The effectiveness of the Fund’s policies is evidenced by the ESG rating assigned in 2024 by the international rating agency Sustainable Fitch: level “2” with an overall score of 63. The ESG agenda primarily covers social and environmental factors.
Moreover, in 2024, the international agency Moody’s upgraded the Fund’s credit rating from “Ba1” to “Baa3” with a “positive” outlook.
