RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of July 2, 2019 No. 118

About establishment of standard rates of the minimum reserve requirements

According to part one of article 32 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. During the periods of forming of reserve assets till April 13, 2026 (inclusive) to establish to banks of the second level and branches of nonresident banks of the Republic of Kazakhstan (further – bank) standard rates of the minimum reserve requirements in the amount of:

1) 3,5 (three whole five tenth) percent for the first and second category of obligations of bank in national currency;

2) 3,5 (three whole five tenth) percent for the third category of obligations of bank in national currency;

3) 10 (ten) percent for the first and second category of obligations of bank in foreign currency;

4) 10 (ten) percent for the third category of obligations of bank in foreign currency.

1-1. During the periods of forming of reserve assets from April 14, 2026 to August 31, 2026 (inclusive) to establish to banks standard rates of the minimum reserve requirements in the amount of:

1) 5 (five) percent for the first and second category of obligations of bank in national currency;

2) 3,5 (three whole five tenth) percent for the third category of obligations of bank in national currency;

3) 12 (twelve) percent for the first and second category of obligations in foreign currency of bank of the first group;

4) 15 (fifteen) percent for the first and second category of obligations in foreign currency of bank of the second group;

5) 10 (ten) percent for the third category of obligations of bank in foreign currency.

For the purposes of this resolution the banks which provided following the results of 2025 cumulative height at least 20 (twenty) percent for the following assets treat banks of the first group:

the credits to subjects of entrepreneurship (the non-financial organizations – the residents of the Republic of Kazakhstan, legal entities and individual entrepreneurs who obtained the credit for the entrepreneurial purposes);

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