Astana, 13 October 2023

Eurasian Bank together with the Kazakh Housing Company presented a new digital project in the field of shared-equity construction at the Digital Bridge 2023 International Forum.

The Bank offers to open specialized accounts online for developers to ensure the protection of equity holder’s funds from misuse.

Within the framework of the project, there has been developed a functional that allows for verification and signing by supervisory authorities of documents certifying the completion of construction works.

Also, this solution allows monitoring each phase of housing construction in real time, identifying any deviations of the project from the construction plan due to predictive analytics.

“Technologies can transform the process of shared-equity construction and make it more reliable and affordable. I think that the digital solution developed jointly with the Kazakh Housing Company allows shareholders to confidently wait for the completion of their real estate construction, and the state to get a monitoring tool,” said Lyazzat Satiyeva, CEO of Eurasian Bank.

“Our citizens bear certain risks when investing their funds in shared-equity construction. One of the main risks is the misuse by the developer of the accumulated funds of equity holders. Therefore, this solution, first of all, allows us to ensure the safety and targeted use of the funds of equity holders,” Altai Kuzdibayev, Acting CEO of the Kazakhstan Housing Company, summed up.

Additionally, the digital product can generate predictive analytics on changes in the timing of construction and installation work, commissioning of the facility, as well as provide access to the necessary documents.

Thus, the digital solution of Eurasian Bank and the Kazakh Housing Company makes it possible to ensure transparency of shared-equity construction in Kazakhstan, avoiding possible risks for equity participants.