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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of November 26, 2019 No. 209

About limiting establishment of value of remuneration under the agreement on provision of the microcredit

(as amended of the Resolution of Board of the Agency of the Republic of Kazakhstan of 15.03.2021 No. 49)

According to the Law of the Republic of Kazakhstan of November 26, 2012 "About microfinancial activities" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Establish extreme value of remuneration under the agreement on provision of the microcredit signed with physical person:

provided with pledge of property, in the amount of 20 (twenty) percent from the amount of the issued microcredit;

not provided with pledge of property, in the amount of 30 (thirty) percent from the amount of the issued microcredit.

2. Extreme value of remuneration, the stipulated in Item 1 this resolution, is applied to agreements on provision of the microcredit, stipulated in Item 3-1 article 4 of the Law of the Republic of Kazakhstan of November 26, 2012 "About microfinancial activities".

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

 

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