ORDER OF THE MINISTER OF NATIONAL ECONOMY OF THE REPUBLIC OF KAZAKHSTAN

of June 19, 2023 No. 117

About determination of parameters of financial stability (coefficients) of Development bank of Kazakhstan, their threshold values and approval of method of calculation of threshold parameter values of financial stability (coefficients) of Development bank of Kazakhstan

According to Item 2 of article 16 of the Law of the Republic of Kazakhstan "About Development bank of Kazakhstan" I ORDER:

1. Determine the following parameters of financial stability (coefficients) of Development bank of Kazakhstan:

1) capital adequacy ratio of the first level;

2) capital adequacy ratio of the second level;

3) level of debt load.

2. Determine the following threshold parameter values of financial stability (coefficients) of Development bank of Kazakhstan:

1) capital adequacy ratio of the first level is at least 0,08;

2) capital adequacy ratio of the second level is at least 0,10;

3) the level of debt load in the amount of no more than 7:1.

3. Approve the enclosed method of calculation of threshold parameter values of financial stability (coefficients) of Development bank of Kazakhstan.

4. To provide to department of economy and finance of the Ministry of national economy of the Republic of Kazakhstan in the procedure established by the legislation of the Republic of Kazakhstan state registration of this order in the Ministry of Justice of the Republic of Kazakhstan and its placement on Internet resource of the Ministry of national economy of the Republic of Kazakhstan.

5. To impose control of execution of this order on the chief of staff of the Ministry of national economy of the Republic of Kazakhstan.

6. This order becomes effective after ten calendar days after day of its first official publication.

Approved by the Order of the Minister of national economy of the Republic of Kazakhstan of June 19, 2023 No. 117

Method of calculation of threshold parameter values of financial stability (coefficients) of Development bank of Kazakhstan

Chapter 1. Basic provisions

1. This method of calculation of threshold parameter values of financial stability (coefficients) of Development bank of Kazakhstan (further – the Technique) is developed according to Item 2 of article 16 of the Law of the Republic of Kazakhstan "About Development bank of Kazakhstan" and is intended for calculations of threshold values of capital adequacy ratios of the first and second levels, and also level of debt load of Development bank of Kazakhstan (further – bank).

Chapter 2. Calculation of capital adequacy ratios of the first and second levels

2. Treat capital adequacy ratios:

1) capital adequacy ratio of the first level (further – CDC 1);

2) capital adequacy ratio of the second level (further – CDC 2).

3. For calculation of capital adequacy ratios are used:

1) equity of the first level (further – the capital of 1 level);

2) equity of the second level (further – the capital 2 levels);

3) the assets, contingent and possible obligations weighed on risk degree.

4. The capital of 1 level is calculated as the amount:

1) the paid authorized capital minus own redeemed shares;

2) supplementary capital;

3) retained net income of last years (including the funds, reserves created at the expense of net income of last years);

4) reserve capital;

5) reserves on covering of unexpected losses;

behind minus:

1) intangible assets;

2) losses of last years;

3) loss of the current year.

5. The capital 2 levels is calculated as the amount:

1) size of retained net income of the current year;

2) reserve of revaluation of fixed assets and securities;

3) hybrid tools (tools with characteristics of the capital and debt);

4) subordinated debt of bank with term more than 5 years in the amount which is not exceeding fifty percent of capital sum of 1 level;

behind minus:

1) the redeemed own subordinated debt of bank.

6. The subordinated debt of bank is the unsecured obligation of bank corresponding to the following conditions:

1) is not contribution or the obligation to bearer;

2) is not mortgage providing according to requirements of bank or persons, affiliirovanny with it;

3) in case of liquidation of bank it is satisfied before execution of obligations by bank on termless financial instruments according to priority of satisfaction of requirements of creditors of compulsorily liquidated bank, the stipulated in Clause 74-2 Laws of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan";

4) it is settled (fully or partially) by bank, including ahead of schedule only at the initiative of bank provided that such repayment according to the conclusion of authorized body of bank will not lead afterwards to non-compliance by bank with the capital adequacy ratios determined by this technique.

The subordinated debt of bank included in equity is the subordinated debt having attraction term more than five years prior to repayment.

The subordinated debt of bank joins in calculation of equity of bank:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info