National managing holding KazAgro (Kazakhstan) announces participation in funding projects in Kyzylorda region in 2013

27.03.14 14:08
/KASE, March 27, 14/ – National managing holding "KazAgro" (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement of March 27, 2014: quote The amount of financing of agro-industrial complex made 4,5 billion tenge of Kyzylordinsky area by Kazagro National holding companies in 2013. It is almost twice higher than level of 2012. Thus programs of crediting captured all rural regions of area. For today the investment portfolio of "Kazagro" as a whole on the republic includes 373 projects worth 254,8 billion tenges from which 8 projects with a cumulative cost of 6,04 billion tenges fall on Kyzylordinsky area. Among them: - 3 projects on line acquisition on rice processing (to Syr Marzhany LLP, Jean-Aray LLP, Baikonur Agroholding LLP) for total amount of 2 526,4 million tenges, with the capacity of 84 thousand tons of polished rice; - 1 project on construction of a dairy and commodity farm on 660 heads (JSC RZA) for the sum of 2396,6 million tenges, the 3 960 tons milk in a year; - 2 projects on construction of minigreenhouses on 5,5 hectares (KH "Jan", PC “Cook Tobe Kyzylorda”) for the sum of 752,1 million tenges, with production to 972 tons of fruit and vegetable production a year; - 2 projects on feedlot construction (to SP "Ak Bars", Syr Marzhany LLP) for the sum of 369,5 million tenges, with production of 375 tons of meat a year. From 8 projects it is entered 3 (Syr Marzhany LLP with an exit to design capacity in 2013 of 91%, JSC RZA - 130%, KH "Jan" - is put into operation in December, 2013), in 2014-2015 input of projects on feedlot expansion (to SP "Ak Bars", Syr Marzhany LLP), to line acquisition on rice processing (to Jan Araille LLP, Baikonur Agroholding LLP), and to construction of the minigreenhouse (Cook Tobe Kyzylorda) is expected. Within support of subjects of small and medium business in Kyzylordinsky area the group of companies of Kazagro National holding financed 8 Credit associations (184 participants) for the sum of 939 million tenges. 135 units agricultural – special equipment and the equipment are bought: 110 units of agricultural machinery, 25 units of special equipment (1,4 billion tenge). Within development of farms of "Sybaga" when financing holding 2694 heads of a uterine livestock, 146 heads of bulls for total amount of 478 million tenges are acquired. According to microcredit programs through JSC Fund of Financial Support of Agriculture 584 microcredits for the sum of 2,1 billion tenges (except for the Sybaga program) are given out. It is created new 30 workplaces that allowed to provide with employment of 1 149 people in Kyzylordinsky area. As a whole the cumulative credit portfolio of Holding for last year made 348 billion tenge or 48% of the total amount of crediting of agrarian and industrial complex. It is comparable to volumes of crediting of agrarian sector of economy all banks of the second level. Past year by Holding on support of agrarian and industrial complex of the republic it is directed to 193,5 billion tenge, including on crediting – 171,2 billion tenge. It is 26,4% more than level of 2012 (135,4 billion tenge). Thus, the share of the budgetary expenses of the republican budget in structure of financing of Holding made 9%, the others - own and attracted. In 2013 it was directed to 145 billion tenge on financing of small and medium business is 10% more than level of 2012 (135,4 billion tenge). Growth of volumes is provided, generally at the expense of increase twice quantities of the given-out credits to subjects of MSB. In the market of leasing services of agricultural machinery a share of the companies in "Kazagro" structure - "Kazagrofinance" made 65%, Fund of financial support in rural microcredit - 93%. Press-service of holding "KazAgro" Rinat Tasbulatov +7 701 460 91 82, R.Tasbulatov@kazagro.kz tel. (7172) 70-56-39, www.kazagro.kz unquote [2014-03-27]