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 February 28, 2011 No. 18

About determination of the list of compulsory provisions of the agreement of bank loan

For the purpose of realization of Item 2 of article 34 of the Law of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" (further - the Law on banks) the Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES:

1.  No. 257 is excluded according to the Resolution of Board of National Bank of the Republic of Kazakhstan of 29.10.2018

1-1. For the purposes of the resolution the following concepts are used:

1) bank - bank of the second level, including Islamic bank when carrying out the banking activity provided by the subitem 3) of Item 1 of article 52-5 of the Law on banks, Development Bank of Kazakhstan joint-stock company, the organization which is performing separate types of banking activities, having the license for implementation of banking loan activities;

2) syndicate of banks - two and more banks joint with the purpose of carrying out joint loan transactions and decrease in possible losses for each participant in case of insolvency of the borrower, when preserving legal and financial independence of the banks entering into syndicate;

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