RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of May 30, 2016 No. 135

About modification and amendments in some regulatory legal acts of the Republic of Kazakhstan concerning banking regulation and the microfinancial organizations

For the purpose of enhancement of the regulatory legal acts regulating activities of banks of the second level and the microfinancial organizations, the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of March 26, 2012 No. 137 "About approval of Rules of calculation of rates of remuneration in reliable, annual, effective, comparable basis (actual cost) on loans and deposits" (registered in the Register of state registration of regulatory legal acts at No. 7663, published on August 16, 2012 in the Kazakhstanskaya Pravda newspaper No. 271-273 (27090-27092)) the following changes and amendments:

in Rules of calculation of the rates of remuneration in reliable, annual, effective, comparable basis (actual cost) on loans and deposits approved by the specified resolution:

add with Item 7-1 of the following content:

"7-1. Calculation of annual effective rate of remuneration for loan joins payments of the client on principal debt and remuneration, and also the commission and other payments connected with issue and servicing of loan, specified in Items 8 and 8-1 of Rules.";

state Item 8 in the following edition:

"8. Calculation of annual effective rate of remuneration for the loan issued to the legal entity joins the following commissions and other payments of the client on the agreement of bank loan connected with issue and servicing of loan:

1) for consideration of the application and documents for receipt of loan;

2) for the organization of loan;

3) for issue of loan;

4) for opening and maintaining the current accounts linked with servicing of loan;

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