The insurance capacity of the Export Credit Agency of Kazakhstan will amount to 1.2 trillion tenge
The Export Credit Agency of Kazakhstan (ECA Kazakhstan), a subsidiary of the Baiterek Holding, has significantly expanded its financial capacity to support businesses.
Over the past six months, the Agency’s authorized capital has been increased by KZT 70 billion, while the volume of state guarantees has grown by KZT 200 billion, bringing its current insurance and guarantee capacity to KZT 950 billion.
In addition, the Board of Directors of Baiterek Holding has approved the provision of an additional state guarantee of KZT 250 billion this year. As a result, the Agency’s total capacity will reach KZT 1.2 trillion, enabling a substantial increase in export transaction insurance, broader financial support for domestic producers, and greater opportunities for Kazakhstani companies to expand into international markets.
The Agency’s instruments address the key needs of exporters, ranging from loan insurance, accounts receivable insurance, and transaction guarantees to pre-export and export trade financing. Export trade financing also provides foreign buyers, including partners from Uzbekistan, Tajikistan, and Kyrgyzstan, with access to funding on terms more favorable than market conditions, thereby facilitating the growth of Kazakhstan’s exports.
The Agency focuses on supporting the manufacturing sector and value-added products, including agriculture, the food industry, metallurgy, mechanical engineering, the chemical industry, and other sectors. ECA Kazakhstan’s portfolio covers all business segments, with more than half of its support directed toward small and medium-sized enterprises, helping regional producers gain access to export markets. At the same time, the Agency’s insurance instruments enable large companies and industry leaders to scale up their exports, including Prima Kus LLP, Shin-Line LLP, Maslo-Del LLP, RG Brands Kazakhstan LLP, QARMET JSC, and others.
“Additional capitalization enables us to address the strategic objective of diversifying the economy and increasing non-resource exports. Our products are genuinely востребованы by the market. During the first five months of this year alone, 54 enterprises benefited from the Agency’s support, with total support reaching KZT 308.8 billion, already exceeding the volume provided throughout 2024. By the end of the year, our insurance and guarantee capacity will be increased to KZT 1.2 trillion. This financial reserve will allow us to fully meet the growing demand from exporters and strengthen the position of Kazakhstani products in foreign markets,” said Allen Chaizhunusov, Chairman of the Management Board of the Export Credit Agency of Kazakhstan.
Alongside its financial growth, the Agency’s international standing continues to strengthen. The expansion of its insurance capacity has opened new opportunities within the global export credit and insurance community. One of the key outcomes of the Berne Union Spring Meeting held in Astana in May this year was ECA Kazakhstan’s admission to the Short Term Committee. Kazakhstan has thus joined the ranks of the world’s 33 leading export credit institutions, gaining direct access to reinsurance cooperation with major players in the global insurance market.
Source: zakon.kz
