Kazakh Housing Construction Savings Bank replaces Chairman of Board
Kazakhstan, Astana, October 17/ Trend D.Mukhtarov /
By the decision of the Board of Baiterek National Managing Holding Aybatyr Zhumagulov is appointed as Chairman of the Board of Housing Construction Savings Bank of Kazakhstan, chairman of the Board of the Baiterek National Managing Holding Kuandik Bishimbayev said at a briefing on Thursday.
Zhumagulov previously held the position of Managing Director of the Holding.
He was also Chairman of the Board of Directors of such companies as Kazakhstan Mortgage Company, Kazakhstan Mortgage Guarantee Fund, Export Credit Insurance Corporation KazExportGarant .
Baiterek National Managing Holding was established in accordance with the decree of the Kazakh President as of May 22, 2013. The purpose of establishing the holding is to promote the development and diversification of the economy, to attract investments, to improve the corporate governance system in its subsidiaries. The holding's trust management includes 10 state financial institutions as Development Bank of Kazakhstan, Housing Construction Savings Bank of Kazakhstan, KazExportGarant, DAMU Entrepreneurship Development Fund, National Agency for Technological Development, Investment Fund of Kazakhstan, Kazyna Capital Management, Distressed Assets Fund, Kazakhstan Mortgage Guarantee Fund, Kazakhstan Mortgage Company.