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

of August 28, 2009 No. 196

About approval of the minimum size of the reserve capital of banks of the second level

According to Item 1 of article 43 of the Law of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan", subitem 3 of article 10 of the Law of the Republic of Kazakhstan of July 4, 2003 "About state regulation and supervision of the financial market and the financial organizations", the Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agencies) DECIDES:

1. It is at least establish the minimum size of the reserve capital for banks of the second level (further - bank) in the amount of the amount:

the actual reserve capital created for the previous accounting period;

before dividend payout on common shares, equal to the work of retained net income of bank before dividend payout on common shares on the relation of increments of assets and the contingent obligations which are subject to classification for previous year to the size of the assets and contingent obligations which are subject to classification as of the beginning of previous year, but 0,1 and no more than 1 suffices part of retained net income of bank.

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