THE RESOLUTION OF BOARD OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET

of July 25, 2025 No. 29

About modification and amendments in the resolution of Board of National Bank of the Republic of Kazakhstan of November 12, 2019 No. 188 "About approval of Rules of forming of risk management system and internal control for banks of the second level, branches of nonresident banks of the Republic of Kazakhstan"

Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of November 12, 2019 No. 188 "About approval of Rules of forming of risk management system and internal control for banks of the second level, branches of nonresident banks of the Republic of Kazakhstan" it is registered in the Register of state registration of regulatory legal acts at No. 19632) the following changes and amendments:

state preamble in the following edition:

"According to part two of Item 1 of article 40-5 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:";

in Rules of forming of risk management system and internal control for banks of the second level, branches of the nonresident banks of the Republic of Kazakhstan approved by the specified resolution:

state Item 42 in the following edition:

"42. Within management system credit risk the bank is guided by the following principles and requirements:

The board of directors and committee on questions of risk management of bank provide 1):

maintenance of sufficient level of provisions;

control over process of assessment of credit risk which is provided to the following:

acceptance of necessary measures for ensuring completeness and accuracy of the information for the purpose of decision making;

observance of requirements of the Civil code of the Republic of Kazakhstan, the Code of the Republic of Kazakhstan "About taxes and other obligatory payments in the budget (Tax code)" (further - the Tax code), the Law on banks, the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" (further - the Law on financial accounting and the financial reporting), the Law of the Republic of Kazakhstan "About credit bureaus and forming of credit stories in the Republic of Kazakhstan", domestic policy and procedures for credit risk management;

taking measures to providing the complete and authentic management, regulatory and financial reporting;

availability of assessment procedure of loans, independent of business divisions;

approval of the adequate classification system of assets on the level of credit risk based on use of all available information in the course of assessment of loans;

availability in details and in full the regulated procedures of interaction between participants of process of management of credit risk;

creation of the effective internal control system including assessment of conformity of level of provisions to expected losses within the approved technique of forming of provisions and internal process of assessment of capital adequacy;

2) the bank exercises credit activities and credit risk management within the approved credit policy which includes, but without being limited, the following:

main directions of credit activities of bank;

participants of credit process and sphere of their responsibility;

internal procedure for adoption of credit decisions, including procedure for consideration and approval of the credits, including concerning crediting of faces tied with bank the special relations, crediting limits for the purpose of restriction of concentration of credit risk;

procedure of the analysis of creditworthness of the borrower.

If the cumulative amount of the granted loans and assumed contingent obligations to physical person exceeds 0,01 (zero whole one 100-th) percent from equity of bank which size is higher than 100 (hundred) billion tenges, or exceeds 0,02 (zero whole two 100-th) percent from equity of bank which size to 100 (hundred) billion tenges, the bank performs the analysis of creditworthness on the basis of the following information and taking into account the following factors (but without being limited to them):

availability of the permanent and sufficient income of the borrower;

availability of real and other estate;

availability of loan debt, including to other creditors;

debt load;

payment discipline (credit history) on loans;

borrower rating in scoring systems of bank (in the presence);

availability of other debt;

availability of other sources of debt repayment before bank;

remaining balance and transactions according to bank accounts;

information on education and employment (field of activity);

social and demographic characteristics;

information on target use of money;

the additional information about the income of the borrower.

If the cumulative amount of the granted loans and assumed contingent obligations to physical person does not exceed 0,01 (zero whole one 100-th) percent from equity of bank which size is higher than 100 (hundred) billion tenges, or does not exceed 0,02 (zero whole two 100-th) percent from equity of bank which size to 100 (hundred) billion tenges, the bank performs the analysis of creditworthness on the basis of the following information and taking into account the following factors (but without being limited to them):

availability of the permanent and sufficient income of the borrower;

availability of loan debt, including to other creditors;

debt load;

payment discipline (credit history) on loans;

borrower rating in scoring systems of bank (in the presence);

availability of other sources of debt repayment before bank;

remaining balance and transactions according to bank accounts;

information on education and employment;

social and demographic characteristics;

information on target use of money (in the presence).

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