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Baiterek and Bausparkasse Schwabisch Hall to strengthen cooperation on housing savings

JSC “NMH “Baiterek”. Germany. July 14. Chairman of JSC “National Management Holding “Baiterek” Yerbolat Dossayev has arrived in Germany on a working visit, during which a number of business meetings is scheduled.

Today, Yerbolat Dossayev has met with Reinhard Klein, Chairman of Bausparkasse Schwabisch Hall. The sides discussed prospects for further cooperation in the field of housing savings.

“Experience of Bausparkasse Schwabisch Hall is interesting for Kazakhstan because this bank is the only housing savings bank in Germany having international financing experience abroad,” Dossayev said.

He stressed that the model of the German bank was taken as the basis for the establishment of Kazakhstan’s Housing Construction Savings Bank (a subsidiary of the Holding).

Reinhard Klein expressed interest in the strengthening of the Kazakh-German cooperation in the housing construction savings system development. He also noted the positive dynamics of the business relationship between the two countries.

The key step in the strengthening of relations was the signing of a cooperation memo in July 2015.

Upon the meeting, Yerbolat Dossayev and Reinhard Klein agreed on mutually beneficial cooperation between Baiterek and Bausparkasse Schwabisch Hall in terms of the bank’s participation in the development of Kazakhstan’s housing savings system.

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