Document from CIS Legislation database © 2003-2024 SojuzPravoInform LLC

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 on 26-05-2023)

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 unsecured microcredit for the period up to forty five calendar days signed with physical person:

in the amount of less than 1 (one) percent a day, but no more than 20 (twenty) percent from the amount of the issued microcredit which is not exceeding the thirtyfold size of the monthly settlement indicator established for the corresponding financial year by the law on the republican budget;

in the amount of less than 1 (one) percent a day, but no more than 15 (fifteen) percent from the amount of the issued microcredit equal or exceeding the thirtyfold size of the monthly settlement indicator established for the corresponding financial year by the law on the republican budget.

Establish extreme value of remuneration under the agreement on provision of the microcredit provided with pledge of property, signed with physical person, in the amount of no more 0,8 (zero whole eight tenth) percent a day, but no more than 20 (twenty) percent from the amount of the issued microcredit for the period to forty five calendar days.

In case of increase in the duration of the agreement at the term exceeding forty five calendar days to establish extreme value of remuneration under the agreement on provision of the microcredit signed with physical person in the amount of no more 0,4 (zero whole four tenth) percent a day.

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

 

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SoyuzPravoInform LLC.