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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of November 14, 2019 No. 192

About approval of prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits, technique of their calculations

(as amended on 30-04-2020)

According to the laws of the Republic of Kazakhstan of March 19, 2010 "About the state statistics" and of November 26, 2012 "About microfinancial activities" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits, technique of their calculations.

2. Recognize invalid:

1) the resolution of Board of National Bank of the Republic of Kazakhstan of July 31, 2017 No. 148 "About approval of prudential standard rates and others obligatory to observance by the microfinancial organization of regulations and limits, techniques of their calculations, and also forms and terms of submission of the reporting on their accomplishment" (it is registered in the Register of state registration of regulatory legal acts at No. 15696, it is published on September 25, 2017 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan);

2) Item 13 of the List of regulatory legal acts of the Republic of Kazakhstan concerning regulation of the financial market to which changes are made the Board of National Bank of the Republic of Kazakhstan approved by the resolution of July 30, 2018 No. 157 "About modification of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of the financial market" (it is registered in the Register of state registration of regulatory legal acts at No. 17559, it is published on October 22, 2018 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan).

3. To provide to department of methodology and regulation of the financial organizations in the procedure established by the legislation of the Republic of Kazakhstan:

1) together with Legal department state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

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

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

4. To department of external communications - the press service of National Bank of the Republic of Kazakhstan to provide within ten calendar days after state registration of this resolution the direction it to the copy on official publication in periodic printing editions.

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

6. This resolution becomes effective since January 1, 2020 and is subject to official publication.

Chairman of National Bank

E.Dosayev

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of November 14, 2019 No. 192

Prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits, technique of their calculations

Chapter 1. General provisions

1. These Prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits, technique of their calculations (further - Standard rates) are developed according to the Law of the Republic of Kazakhstan of November 26, 2012 "About microfinancial activities" (further - the Law) and establish prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits, technique of their calculations.

For the purposes of Standard rates the organizations performing microfinancial activities are understood as the microfinancial organizations, credit partnerships and pawnshops performing activities for provision of the microcredits.

2. In structure of prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits enter:

1) for the microfinancial organization:

minimum size of the authorized capital;

minimum size of equity;

sufficiency of equity;

the maximum extent of risk on one borrower;

leverage ratio;

2) for credit partnership and pawnshop:

minimum size of the authorized capital;

minimum size of equity;

leverage ratio.

Chapter 2. The minimum size authorized and equity of the organization performing microfinancial activities

3. The minimum size of the authorized capital constitutes:

1) for the microfinancial organization - 100 000 000 (hundred million) tenges, except for the microfinancial organization which underwent accounting registration in authorized body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body) till January 1, 2020 for which the minimum size of the authorized capital constitutes:

since January 1, 2020 - 30 000 000 (thirty million) tenges;

since January 1, 2021 - 50 000 000 (fifty million) tenges;

since January 1, 2022 - 70 000 000 (seventy million) tenges;

since January 1, 2023 - 100 000 000 (hundred million) tenges;

2) for credit partnership - 50 000 000 (fifty million) tenges, except for:

the credit partnership which underwent state registration as credit partnership till January 1, 2020 and performing the activities in Nour-Sultan's cities, Almaty, Shymkent or the regional center for which the minimum size of the authorized capital constitutes:

since January 1, 2020 - 10 000 000 (ten million) tenges;

since July 1, 2020 - 20 000 000 (twenty million) tenges;

since July 1, 2021 - 30 000 000 (thirty million) tenges;

since July 1, 2022 - 50 000 000 (fifty million) tenges;

the credit partnership which underwent state registration as credit partnership till January 1, 2021 and performing the activities out of Nour-Sultan's cities, Almaty, Shymkent or the regional center for which the minimum size of the authorized capital constitutes:

since January 1, 2020 - 5 000 000 (five million) tenges;

since January 1, 2021 - 10 000 000 (ten million) tenges;

since January 1, 2022 - 15 000 000 (fifteen million) tenges;

since January 1, 2023 - 25 000 000 (twenty five million) tenges;

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