RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of July 2, 2019 No. 118

About establishment of standard rates of the minimum reserve requirements

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" and for the purpose of regulation of liquidity of banking sector and rates of remuneration in the money market the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Establish to banks of the second level (further - bank) standard rates of the minimum reserve requirements in the amount of:

1) 2,0 (two whole the zero tenth) percent for short-term obligations of bank in national currency;

2) 0,0 (zero whole the zero tenth) percent for long-term obligations of bank in national currency;

3) 3,0 (three whole the zero tenth) percent for short-term obligations of bank in foreign currency;

4) 1,0 (one whole the zero tenth) percent for long-term obligations of bank in foreign currency.

2. Establish to banks concerning which there is judgment which took legal effect about carrying out restructuring of bank, to the introduction in legal force of the judgment about the restructuring termination standard rates of the minimum reserve requirements in the amount of 0,0 (zero whole the zero tenth) percent for all obligations of bank.

3. Declare invalid the resolution of Board of National Bank of the Republic of Kazakhstan of March 20, 2015 No. 39 "About establishment of standard rates of the minimum reserve requirements" (it is registered in the Register of state registration of regulatory legal acts at No. 10985, it is published on May 18, 2015 in information system of law of regulatory legal acts of the Republic of Kazakhstan of Ad_let).

4. To department of monetary policy (Tutushkin V. 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 its direction in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "Institute of the legislation and legal information of the Republic of Kazakhstan" the Ministries of Justice of the Republic of Kazakhstan 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 5 of this resolution.

5. To department of external communications - the press service of National Bank (Adambayeva A. R.) provide within ten calendar days after state registration of this resolution the direction it to the copy on official publication in periodic printing editions.

6. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Abylkasymova M. E.

7. This resolution is subject to official publication and becomes effective since August 13, 2019.

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