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

of August 28, 2025 No. 52

About modification and amendments in some regulatory legal acts of the Republic of Kazakhstan concerning prudential regulation

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

1. Approve the List of regulatory legal acts of the Republic of Kazakhstan concerning prudential regulation to which changes and amendment, according to appendix to this resolution are made.

2. To provide to department of methodology and prudential regulation of the financial organizations in the procedure established by the legislation of the Republic of Kazakhstan:

1) together with Legal department state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this resolution on official Internet resource of the Agency of the Republic of Kazakhstan on regulation and development of the financial market after its official publication;

3) within ten working days after state registration of this resolution submission to Legal department of data on execution of the action provided by the subitem 2) of this Item.

3. To impose control of execution of this resolution on the supervising vice-chairman of the Agency of the Republic of Kazakhstan on regulation and development of the financial market.

4. This resolution is subject to official publishing and becomes effective since August 31, 2025.

It is approved National Bank of the Republic of Kazakhstan

Appendix

to the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of August 28, 2025 No. 52

The list of regulatory legal acts of the Republic of Kazakhstan concerning prudential regulation to which changes and amendment are made

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of May 30, 2016 No. 144 "About establishment of prudential standard rates and other regulations and limits, obligatory to observance, for Islamic banks, their normative values and technique of calculations of prudential standard rates and other regulations and limits, obligatory to observance, for Islamic banks" (it is registered in the Register of state registration of regulatory legal acts at No. 13939) the following changes:

state preamble in the following edition:

"According to Item 1-1 of article 42 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:";

state Item 10 in the following edition:

"10. Sufficiency of equity of bank is characterized by the following coefficients:

1) coefficient of sufficiency of fixed capital (k 1):

relation of fixed capital to the amount:

assets, contingent and possible obligations weighed on degree of credit risk;

assets, conditional and possible requirements and obligations calculated taking into account market risk;

operational risk;

2) capital adequacy ratio of the first level (k1-2):

relation of the capital of the first level to the amount:

assets, contingent and possible obligations weighed on degree of credit risk;

assets, conditional and possible requirements and obligations calculated taking into account market risk;

operational risk;

3) coefficient of sufficiency of equity (k 2):

equity relation to the amount:

assets, contingent and possible obligations weighed on degree of credit risk;

assets, conditional and possible requirements and obligations calculated taking into account market risk;

operational risk.

The assets, contingent and possible obligations weighed on the risk degrees taken into consideration of coefficients of k 1, k1-2 and k2 join less the reserves created according to IFRS.

Values of coefficients of sufficiency of equity and Value of capital adequacy ratios taking into account the conservation buffer and the system buffer are established by appendix 3 to Standard rates.

The minimum values of coefficients of sufficiency of equity are determined as the amount of the values established according to Values of capital adequacy ratios according to appendix 3 to Standard rates and the supervising allowance by results of SREP or by results of SREP and regular AQR.

The supervising allowance by results of SREP is applied to the banks which did not enter perimeter of regular AQR.

The range of the size of the supervising allowance by results of SREP constitutes from 0 (zero) percent to 3 (three) percent from the amount of assets, contingent and possible obligations weighed on degree of credit risk, the assets, conditional and possible requirements and obligations calculated taking into account market risk, operational risk.

The supervising allowance by results of SREP and regular AQR is applied to the banks which entered perimeter of regular AQR.

The range of the size of the supervising allowance by results of SREP and regular AQR constitutes from 0 (zero) percent to 6 (six) percent from the amount of assets, contingent and possible obligations weighed on degree of credit risk, the assets, conditional and possible requirements and obligations calculated taking into account market risk, operational risk.

The supervising allowance by results of SREP, the supervising allowance by results of SREP and regular AQR are established annually. The supervising allowance by results of SREP, the supervising allowance by results of SREP and regular AQR is effective before establishment of the new size of the corresponding allowance.

In addition to values of coefficients of sufficiency of equity the following values of buffers of equity are established:

the requirement to the conservation buffer is fulfilled on permanent basis and constitutes:

since January 1, 2015 - 1 (one) percent;

since January 1, 2016 - 1 (one) percent;

since January 1, 2017 - 2 (two) percent;

since June 1, 2020 - 1 (one) percent;

since July 1, 2021 - 2 (two) percent;

since January 1, 2024 – 2,5 (two whole five tenth) percent;

for systemically significant banks:

since January 1, 2015 - 2,5 (two whole five tenth) percent;

since January 1, 2016 - 2,5 (two whole five tenth) percent;

since January 1, 2017 - 3 (three) percent;

since June 1, 2020 - 2 (two) percent;

since July 1, 2021 - 3 (three) percent;

the counter-cyclical buffer and the sectoral counter-cyclical buffer which size and terms of introduction are determined by the macroprudential standard rates and limits, their normative values and techniques of calculations established by National Bank of the Republic of Kazakhstan according to subitem 1-1) of part four of article 51-2 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", part three of Item 1 of article 42-1 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan";

the system buffer, the requirement to which calculation extends to systemically significant banks recognized systemically significant according to the resolution of Board of National Bank of the Republic of Kazakhstan of December 23, 2019 No. 240 "About approval of Rules of reference of the financial organizations to number systemically significant" registered in the Register of state registration of regulatory legal acts at No. 19925. The requirement to the system buffer is fulfilled since January 1, 2017 on permanent basis and constitutes 1 (one) percent from the amount of assets, contingent and possible obligations weighed taking into account risks;

the buffer by results of supervising stress testing which includes the risks of financial stability of banks to hypothetical (stressful) scenarios of succession of events revealed by authorized body by results of supervising stress testing. The buffer size range by results of supervising stress testing constitutes from 0 (zero) percent to 3 (three) percent from the amount of assets, contingent and possible obligations weighed on degree of credit risk, the assets, conditional and possible requirements and obligations calculated taking into account market risk, operational risk.

The buffer by results of supervising stress testing is established annually and is effective before establishment of the new size of the buffer.

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