Investor profile

NF-NIC (Kazakhstan)

National Bank of Kazakhstan (NBK) is the central bank of Kazakhstan and it manages the chunk of the country’s wealth through the National Fund of the Republic of Kazakhstan (NFRK, Stabilization Fund), and of the National Investment Corporation (NIC, Savings Fund), Most of it is invested in bonds and stocks through the NRKF, with investment professionals embedded in the Central Bank. The NIC, founded in 2012 as a conduit for alternative assets, maintains a fair degree of independence and separate structure.

Established 2000

Assets under Management (AuM): 63

Alternative Assets: 5%

Mission

“To improve the people’s welfare in Kazakhstan through ensuring a low inflation rate and the financial system stability” (NBK), “To diversify and enhance the long-term returns of sovereign assets of the Republic of Kazakhstan through investment in alternative instruments” (NIC)

GSR Scoreboard

GSR'23: 20% (3/10 Governance, 1/10 Sustainability, 1/5 Resilience), down from 36% in 2022

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