Industrial Development Fund JSC is a subsidiary of Development Bank of Kazakhstan JSC and is part of the structure of Baiterek National Management Holding JSC.
The Industrial Development Fund JSC was created on behalf of the Head of State Kassym-Jomart Tokayev dated May 11, 2020 in order to develop the industrial potential of the national economy and by Decree of the Government of the Republic of Kazakhstan dated August 18, 2020 No. 521 “On the creation of the Industrial Development Fund JSC.”
On December 27, 2021, the Law of the Republic of Kazakhstan “On Industrial Policy” (No. 86-VII ZRK) was adopted, which established the goals, objectives and mandate of the Fund (Article 15).
Previously, the Fund operated as DBK-Leasing JSC, created on September 6, 2005, in order to expand the instruments for financing investment projects provided by Development Bank of Kazakhstan JSC. On September 21, 2020, the Board of Directors of Development Bank of Kazakhstan JSC decided to change the corporate name of DBK-Leasing JSC to Industrial Development Fund JSC.
Fond mission
Improving national welfare through the development of the industrial sector and infrastructure.
Vision
A financial development institution that ensures sustainable growth of the industrial and infrastructure sectors, as well as promoting the development of the leasing market, including through funding private leasing companies.
Principles of activity
In its activities, the Company, based on its mission and current market needs, is guided by the following principles: