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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of July 30, 2018 No. 158

About approval of Rules and conditions of calculation of credit scoring by credit bureau

(as amended on 17-02-2021)

According to the Law of the Republic of Kazakhstan of July 6, 2004 "About credit bureaus and forming of credit stories in the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules and conditions of calculation of credit scoring by credit bureau.

2. To department of methodology of the financial market (Abdrakhmanov N. A.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:

1) together with Legal department (Sarsenov N. V.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) within ten calendar days from the date of state registration of this resolution the direction it the copy in paper and electronic type in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "The republican center of legal information" for official publication and inclusion in Reference control bank of regulatory legal acts of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication;

4) within ten working days after state registration of this resolution submission to Legal department of data on execution of the actions provided by subitems 2), 3) of this Item and Item 3 of this resolution.

3. To management on consumer protection of financial services and external communications (Terentyev A. L.) provide within ten calendar days after state registration of this resolution the direction it to the copy on official publication in periodic printing editions.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Smolyakov O. A.

5. This resolution becomes effective after thirty calendar days after day of its first official publication.

Chairman of National Bank

D. Akishev

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of July 30, 2018 No. 158

Rules and conditions of calculation of credit scoring by credit bureau

Chapter 1. General provisions

1. These rules and conditions of calculation of credit scoring by credit bureau (further - Rules) are developed according to the Law of the Republic of Kazakhstan of July 6, 2004 "About credit bureaus and forming of credit stories in the Republic of Kazakhstan" (further - the Law) and determine procedure and conditions of calculation of credit scoring by credit bureau.

2. For the purposes of Rules the following concepts are used:

1) modification of data - process of change, correction or removal of the distorted and (or) doubtful data used in case of development of credit scoring;

2) scale of credit scoring - the ordered number of the marks characterizing creditworthness of the subject of credit history;

3) validation - process of control of correctness and efficiency of the credit scoring developed by credit bureau.

Chapter 2. Procedure and conditions of calculation of credit scoring by credit bureau

3. Assessment of creditworthness of the subject of credit history, determination of probability of execution of agreement obligations of loan, and also the expected credit losses by it, is carried out by credit bureau with use of the credit scoring developed by credit bureau independently and (or) acquired at third-party developers.

4. Development of credit scoring by credit bureau includes the following stages:

1) selection of data on subjects of credit history;

2) determination and data analysis about subjects of credit history;

3) preparation and modification of data on subjects of credit history;

4) development of credit scoring;

5) validation of credit scoring.

5. Selection of data on subjects of credit history for development of credit scoring is performed on the basis of the quality and quantity characteristics including the demographic, financial, behavioural and other data received from the database of credit stories of credit bureau and other sources allowing to estimate possibility of the subject of credit history to fulfill the obligations to the third parties.

6. Credit scoring of credit bureau is based on any of the following information about the subject of credit history, but without being limited to them:

1) floor;

2) age;

3) education;

4) marital status;

5) number of dependents;

6) monthly income;

7) occupation;

8) working life;

9) employment of the subject of credit history (complete or partial);

10) industry in which the subject of credit history is engaged (the name of industry on the general qualifier of types of economic activity);

11) availability and the amount of principal debt and (or) remuneration on loan, the microcredit, financial products and services with credit risk before bank, branch of nonresident bank of the Republic of Kazakhstan, the organization performing separate types of banking activities and (or) other organizations, and also availability and the amount of overdue debt on loan, the microcredit, financial products and services with credit risk, before them;

12) other data.

The period for which selection of data on the subjects of credit history used in case of development of credit scoring is performed is determined by credit bureau.

7. The data on subjects of credit history received later selections are analyzed regarding reliability, completeness, availability of mistakes, correlation and statistical certainty. Doubtful, incomplete data about subjects of credit history and data on subjects of credit history with mistakes are excluded or modified.

8. Credit scoring, taking into account the obtained data on subjects of credit stories, is developed with use of mathematical and (or) statistical models.

9. The credit bureau performs validation of credit scoring at least once a year according to the procedure, established by internal documents of credit bureau.

Validation of credit scoring is carried out on data set about subjects of credit history which were not used in case of development of credit scoring. The credit bureau performs validation of credit scoring by use of the commonly accepted statistical techniques.

Depending on results of validation of credit scoring the credit bureau determines efficiency of credit scoring and if necessary makes the corresponding corrections.

10. The credit scoring acquired at third-party developers of credit scoring is based on the data of the database of credit stories of credit bureau and other sources allowing to estimate possibility of the subject of credit history to fulfill the obligations to the third parties.

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