THE RESOLUTION OF BOARD OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET

of April 28, 2026 No. 85

About approval of the prudential standard rates and limits obligatory to observance to banks with the universal banking license, to banks with the basic banking license, to Islamic banks, their extreme values and techniques of calculations

According to part three of Item 1 and part one of Item 3 of article 72 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan" the Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES:

1. Approve enclosed:

1) Prudential standard rates and limits, obligatory to observance by banks with the universal banking license, banks with the basic banking license, their extreme values and techniques of calculations (further – Standard rates for banks);

2) Prudential standard rates and limits, obligatory to observance by Islamic banks, their extreme values and techniques of calculations.

2. Recognize invalid some resolutions of Board of National Bank of the Republic of Kazakhstan and the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market, and also structural elements of some resolutions of Board of National Bank of the Republic of Kazakhstan and resolutions of Board of the Agency of the Republic of Kazakhstan on regulation and development financial according to appendix to this resolution.

3. To provide to department of methodology and prudential 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 the Agency of the Republic of Kazakhstan on regulation and development of the financial market 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 action provided by the subitem 2) of this Item.

4. To impose control of execution of this resolution on the supervising vice-chairman of the Agency of the Republic of Kazakhstan on regulation and development of the financial market.

5. This resolution becomes effective after ten calendar days after day of its first official publication except for of subitems 7) and 8) of Item 98, the subitem 6) and 7) of Item 104 of Standard rates for banks which become effective since January 1, 2027.

Suspend till December 31, 2026:

Item 99 of Standard rates for banks, having determined what during suspension is effective in the following edition:

"99. In case of identification by authorized body of exceeding of the limits provided in subitems 1), 2), 3), 4) and 6) of part one of Item 98 of Standard rates for banks it is higher than the levels, specified in subitems 1), 2), 3) and 5) of Item 104 of Standard rates for banks, or it is lower than the level of decrease in the limit provided in the subitem 5) of part one of Item 98 of Standard rates for banks, Item 104 of Standard rates specified in the subitem 4) for banks, Bank and (or) its shareholders, bank holding and (or) its large participants develop and represent to authorized body for approval the actions plan on increase in financial stability of bank, non-admission of deterioration in its financial position and increase in the risks connected with banking activity.

The actions plan, without being limited to following, contains the following information:

detailed analysis of the Limit;

forecast of the Limit, reasons for this forecast and negative impacts of the Limit on activities of bank;

the measures for improvement of the Limit providing its bringing to the level which is not posing threat and not creating additional risks for activities of bank;

the actions planned to carrying out in each accounting period including by physical persons and legal entities, in case of identification of the Limit provided in the subitem 3) of part one of Item 98 of Standard rates for banks;

completion dates of the actions plan on each its Item;

the list of the leading employees responsible for execution of the actions plan (with indication of the leading employees responsible for execution for each Item of the actions plan).

The authorized body performs approval of the actions plan within 10 (ten) working days from the date of its representation.

In case of submission of the actions plan exceeding of the limits provided in subitems 1), 2), 3), 4) and 6) of part one of Item 98 of Standard rates for banks is higher than the level, specified in subitems 1), 2), 3) and 5) of Item 104 of Standard rates for banks, or decrease in limit of Item 98 of Standard rates provided in the subitem 5) of part one for banks, it is lower than the level, Item 104 of Standard rates specified in the subitem 4) for banks, is not considered as violation.";

Item 102 of Standard rates for banks, having determined that it during suspension is effective in the following edition:

"102. In case of independent identification of exceeding of the limits provided in subitems 1), 2), 3), 4) and 6) of part one of Item 98 of Standard rates for banks it is higher than the level, specified in subitems 1), 2), 3) and 5) of Item 104 of Standard rates for banks, or decrease in the limit provided in the subitem 5) of part one of Item 98 of Standard rates for banks is lower than the level, Item 104 of Standard rates specified in the subitem 4) for banks, bank and (or) its shareholders, bank holding and (or) its large participants within 5 (five) working days from the date of their identification represent the actions plan provided by part two of Item 98 of Standard rates for banks to authorized body.".

Approved by the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of April 28, 2026 No. 85

Prudential standard rates and limits, obligatory to observance by banks with the universal banking license, banks with the basic banking license, their extreme values and techniques of calculations

Chapter 1. General provisions

1. Prudential standard rates and limits, obligatory to observance by banks with the universal banking license, banks with the basic banking license, their extreme values and techniques of calculations (further – Standard rates) are developed for banks according to part three of Item 1 and part one of Item 3 of article 72 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan" (further - the Law on banks) and establish extreme values and techniques of calculations of the prudential standard rates and limits obligatory to observance by banks with the universal banking license, banks with the basic banking license.

Normative values are expressed by number with three signs after comma.

For obligatory observance by banks with the universal banking license enter into structure of prudential standard rates and limits:

minimum size of authorized and own capitals of bank;

coefficient of sufficiency of equity;

the maximum extent of risk on one borrower;

liquidity rates;

coverage ratios of liquidity and net stable funding;

capitalization of banks to obligations to nonresidents of the Republic of Kazakhstan;

coefficient on placement of part of means of bank in internal assets;

leverage coefficient;

the minimum size of the allocated assets for implementation of Islamic banking activities;

limits of open foreign exchange position.

For obligatory observance by banks with the basic banking license enter into structure of prudential standard rates and limits:

minimum size of authorized and own capitals of bank;

coefficient of sufficiency of equity;

the maximum extent of risk on one borrower;

liquidity rates;

coverage ratios of liquidity and net stable funding;

coefficient on placement of part of means of bank in internal assets;

leverage coefficient;

limits of open foreign exchange position.

2. In addition to rating estimates of the Standard & Poor agency "s (Standard энд Purs) authorized body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body) are also recognized rating estimates of the Moody agencies" to s Investors Service (Mudis Investors Service), Fitch (Features) and rating agencies corresponding to criteria, stipulated in Item 4 Standard rates for banks in case of observance of condition, stipulated in Item 3 Standard rates for banks (further - other rating agencies).

3. When calculating Standard rates for banks the long-term credit scores assigned by the rating agencies corresponding to criteria, stipulated in Item 4 Standard rates for banks on the international rating scale are used only concerning foreign objects of rating.

4. For the purposes of Standard rates for banks authorized body rating estimates of the rating agencies corresponding to the following criteria are recognized:

1) the rating agency is subject to regulation in country of source and estimates of rating agency are recognized within prudential regulation;

2) the minimum size of equity of rating agency constitutes the amount equivalent to at least 600 000 000 (six hundred million) tenges;

3) objectivity, independence and responsibility:

the methodology applied by rating agency is reliable and is subject to check on the basis of historical and (or) anticipated data about defaults, and also contains the detailed description of all key quantitative and high-quality factors determining capability of reytinguyemy person to fulfill the assumed financial liabilities, and also the description of their influence on credit ratings and forecasts for credit ratings;

the rating agency is not controlled by state bodies or officials in state bodies, subjects of the quasi-public sector or political parties and which do not interfere with activities of rating agency and have no influence on processes of assignment of ratings;

legal entities to whom the rating agency appropriates, confirms or reviews rating, are not affiliates of rating agency, except for no persons who directly own less than 10 (ten) percent of shares of rating agency and are had by influences on rating activities of rating agency;

the rating analysts of rating agency participating in rating actions concerning reytinguyemy person do not consist and did not consist in employment or business relations with reytinguyemy person within the last 3 (three) years before date of implementation of rating action, and also do not own directly or indirectly, including through close relatives, securities, other financial instruments or other property of reytinguyemy person or the persons exercising control over reytinguyemy person or exerting considerable impact on such person;

the rating agency has service of the internal audit or internal control including performing internal audit functions, accountable to the board of directors of rating agency;

in rating agency at least one third, but at least two board members are the independent members who are not performing rating actions, advertizing of services of rating agency and other actions for customer acquisition;

the share of immediate or indirect possession by shares of each shareholder of rating agency does not exceed 50 (fifty) percent from total quantity of voting shares of this rating agency in case shareholder is the financial organization, the share of immediate possession does not exceed 10 (ten) percent;

internal procedures of rating agency provide measures for prevention of unauthorized use and disclosure of information and provide protection and confidentiality of information;

4) transparency and disclosure of information:

the rating agency provides disclosure on Internet resource of rating agency of the following information:

the methodology applied by rating agency in case of determination of rating;

the list of the credit scores assigned for the last year and also reytinguyemy persons and other persons, the share of cash receipts from whom constituted 5 (five) and more percent in the annual total revenue of rating agency as of the end of the last expired calendar year;

5) reliability of ratings:

the rating agency performs rating activities on regular basis at least 5 (five) last years;

the number of the organizations to which the rating agency assigned and reviewed credit score makes at least thirty, including for the last 3 (three) years at least twenty, from them at least five were the financial organizations;

the personnel of rating agency which are directly engaged in assignment of ratings have the corresponding education, skills and experience;

at least one worker participating in process of adoption of rating decisions, being the member of the body making the rating decision (further - rating committee), has at least two-year work experience in rating agency, or in the analytical agency, or in the research center, or in the financial organization, or in auditing organization;

as a part of rating committee there are at least five rating analysts, including the leading rating analyst for reytinguyemy person and (or) its financial liabilities or financial instruments (further - rating object), the chairman of the rating committee and one rating analyst specializing in type of objects of rating to which the considered rating object does not belong (if the rating agency performs activities for assignment of ratings concerning different types of objects of rating);

the rating agency on permanent basis performs monitoring of the assigned scores, and also provides timely response to the changing factors connected with changes in financial position, corporate management or other aspects of activities of reytinguyemy person, changes of macroeconomic conditions or conditions of the financial market that is confirmed by the actual updates of ratings no later than 1 (one) calendar year from the date of assignment or the last review of rating or date of the last review of the methodology applied by rating agency.

The rating agency sends to authorized body inquiry for acceptance of rating estimates of rating agency for the purposes of prudential regulation with appendix of supporting documents.

In case of compliance of rating agency to the criteria established by part one of this Item, the authorized body on official Internet resource in time no later than 30 (thirty) working days from the date of receipt of request of rating agency about acceptance of its rating estimates publishes data on rating agency and comparability of rating scales of rating agencies.

The methodologies applied by rating agency validirutsya by authorized body in case of primary appeal of rating agency to authorized body and at least 1 (one) time a year.

In case of modification of the methodologies applied by rating agency, the rating agency in time no later than 10 (ten) working days sends information to authorized body with indication of the reasons and effects of such changes.

5. In Standard rates for banks the following concepts are used:

1) book value - the amount on which the loan is recognized the balance sheet after deduction of the provisions (reserves) created on them;

2) investment loan (credit) - I will jam (credit), conforming to the following requirements:

the term of loan (credit) constitutes 3 (three) and more years;

terms of the contract of loan (credit) establish prohibition on complete early repayment. Partial repayment of loan is performed in the terms and procedure provided by the business plan of the borrower;

the loan (credit) is granted the legal entity according to its business plan providing realization of complex of the actions directed to creation, expansion and upgrade of production of goods, production and transport infrastructure;

3) unsteady types of pledge - the property and money arriving in the future (except for the rights of requirements to the state partner in the cash receipts transfered to account, intended for transfer of compensation of investment costs, under the agreement of public-private partnership signed according to the legislation of the Republic of Kazakhstan which is the key under the agreement of bank loan which conditions are provided in Item 6 of Standard rates for banks, and also money arriving in the future under the ofteyk-contract which is the key under the agreement of bank loan in case of compliance to the conditions provided in Item 7 of Standard rates for banks), including under agreements of equity (except for the money arriving under the agreements signed with the companies with the state participation (subjects of the quasi-public sector), insurance contracts (except for insurance contracts, containing Items on unconditional and irrevocable obligation fulfillment, concluded with Export credit agency of Kazakhstan having the state warranty on export support with the insurance resident organizations of the Republic of Kazakhstan having rating "BB+" of Standard & Poors rating agency is not lower (Standard энд Purs) or the ratings of similar level of Moody rating agencies "s Investors Service (Mudis Investors Service), Fitch (Features), with the insurance nonresident organizations of the Republic of Kazakhstan having rating is not lower "And" Standard & Poor rating agency" than s (Standard энд Purs) or the ratings of similar level of Moody rating agencies "s Investors Service (Mudis Investors Service), Fitch (Features), insurance contracts which conditions are provided in Item 6 of Standard rates for banks), guarantees of physical persons or legal entities (except for guarantees of legal entities, having credit rating "BB+" of Standard & Poor rating agency "is not lower than s (Standard энд Purs) or the ratings of similar level of Moody rating agencies" s Investors Service (Mudis Investors Service), Fitch (Features), guarantees of the banks of the second level having credit rating is not lower "In -" Standard & Poor rating agency "of s (Standard энд than Purs) or the ratings of similar level of Moody rating agencies" s Investors Service (Mudis Investors Service), Fitch (Features), and also guarantees issued by national managing directors of holdings and their affiliated organizations), intangible assets, shares in the authorized capital or the securities which are not included in the official listing of organizers of the biddings of the Republic of Kazakhstan and (or) organizers of the biddings recognized by the international stock exchanges (except for the shares accepted in mortgage providing in the authorized capital and (or) securities of legal entities, which have relation of debt on the loans issued on the purposes which are not connected with financing of current assets to profit to deduction of expenses on payment of the added remunerations, tax assignments and charged depreciation (EBITDA) (EBITDA) constitutes no more 4), paper grain receipts (except for the rights of requirements for grain receipts corresponding to conditions, stipulated in Item 8 Standard rates for banks), the mortgage providing which is outside the Republic of Kazakhstan (except for the mortgage providing which is in the countries of the Eurasian Economic Union in the presence of the conclusion of legal consultants or specialists of the affiliated organizations of bank according to the right of the said countries confirming proper registration of mortgage providing);

4) unsecured consumer loan - consumer bank loan, except for:

the loans provided with the pledges of the rights to real estate, the pledge of personal estate which is subject to obligatory state registration, completely covering the amount of the issued loan;

the loans provided with pledge of the rights on the issued securities which are subject to registration, completely covering the amount of the issued loan;

the loans provided with pledge of right to claim under agreements of equity in housing construction, completely covering the amount of the issued loan;

loans on which the money which is completely covering the amount of the issued loan acts as providing;

the loans issued within system of educational crediting;

the loans issued within system of housing construction savings;

5) loan - implementation of banking loan, leasing, factoring, forfaiting activities by bank, accounting of bills of exchange and receivables on earlier issued bank loans;

6) the borrower - the physical person or legal entity which signed the loan agreement (credit);

7) provisions (reserves) - the reserves created under impairment of loan;

8) the co-borrower - the physical person or legal entity which is signing the loan agreement (credit) together with the borrower and acting according to the loan agreement (credit) as the solidary actionee of obligations on return of the received money;

9) regular Asset Quality Review (The overview of quality of assets) (further - AQR) - the annual quality evaluation of assets and contingent (possible) obligations of banks performed within risk - the oriented supervision;

10) the ofteyk-contract - the agreement between the producer (supplier) and the customer on sales of goods and (or) services with delivery in the future on in advance resolutive conditions at the cost, quantity (amount) and delivery dates;

11) Supervisory Review and Evaluation Process (Process of the supervising analysis and assessment) (further - SREP) - the annual supervisory process of risks assessment and shortcomings of activities of banks performed within risk - the oriented supervision by quantitative and qualitative analysis of assessment of business model, risks of the capital, liquidity risk, corporate management system of bank;

12) стейблкоин - digital financial asset as which underlying asset the money issued, placed, introduced into circulation and settled according to the procedure and the conditions determined by National Bank of the Republic of Kazakhstan acts;

13) digital financial assets - digital assets as which underlying asset financial instruments (including securities, including derivative securities, derivative financial instruments, other digital financial asset), financial asset, property rights (requirements), goods and (or) other property, except for money act;

14) digital financial instruments - the financial instruments issued in electronic and digital form on digital platform of the operator of platform of digital financial assets.

6. The agreement of bank loan is signed by bank with the legal entity within the agreement of public-private partnership and corresponds to the following conditions:

the investment period of project implementation of public-private partnership does not exceed 36 (thirty six) months. The investment period is the period from the date of the conclusion of the agreement of bank loan (the agreement on provision (opening) of credit line) on start date of payment of compensation of investment costs;

step-by-step financing of the project of public-private partnership within loan amount (the loan issued within credit line) is performed in the following procedure:

the amount of step-by-step financing during one quarter of the investment period does not exceed 30 (thirty) percent of the general size of loan (the loan issued within credit line);

the amount of step-by-step financing during half of the investment period does not exceed 50 (fifty) percent of the general size of loan (the loan issued within credit line);

technical supervision of construction object is exercised by the legal entity chosen by bank on the basis of the agreement of public-private partnership.

The insurance contract signed with the insurance company having rating is not lower than "BB+" of Standard & Poor rating agency "s (Standard энд Purs) or the ratings of similar level of Moody rating agencies" s Investors Service (Mudis Investors Service), Fitch (Features), contains exclusively following conditions allowing the insurer to refuse (not to perform) in insurance payment (insurance payment) to the beneficiary (bank):

requirements of the insurer (insured, the beneficiary) about indemnification exceed the size of insurance sum;

the damage or expenses resulted from impact of nuclear explosion, radiation or radioactive infection, military operations, civil war, any national disorders, mass riots or strikes;

the agreement of bank loan is nullified;

introduction of amendments to the agreement of bank loan, the agreement of pledge, the agreement of guarantee or the guarantee without written approval of such changes of the insurer;

message beneficiary (bank) to the insurer of obviously false data on object of insurance, insurance risk, insured event and its effects;

receipt of loss by the beneficiary (bank) of full recovery from the face, responsible for losses, or third party;

hindrance by the beneficiary (bank) to the insurer in investigation of circumstances of loss occurrence and in establishment of the size of the caused loss;

refusal of the beneficiary (bank) of the right to claim according to the loan agreement against the insurer, including in judicial or extrajudicial procedure.

In the insurance contract specifying of condition of implementation of insurance payment without taking into account (less) the agreement of the pledge nullified by court is allowed. In this case the insurance contract is considered as providing less the agreement of the pledge nullified by court.

In case of acceptance by bank as providing the insurance contract is accepted less the unconditional franchize.

7. The money arriving in the future under the ofteyk-contract is excluded from unsteady types of pledge in case of observance of the following conditions:

1) customer is:

the legal entity, more than 50 (fifty) percent of voting shares (shares in the authorized capital) which directly or indirectly belong to the state or national managing holding, or;

public institution, or;

local executive body of area, city of republican value, capital;

the legal entity with rating not below "BB-" of Standard & Poor rating agency "s (Standard энд Purs) or the ratings of similar level of Moody rating agencies" s Investors Service (Mudis Investors Service), Fitch (Features), or;

large systemically important enterprise, or;

the legal entity whose at least 70 (seventy) percent of the income within the last 2 (two) years are created by persons specified in paragraphs the second, third, the fourth, fifth and sixth this subitem;

2) terms of the contract provide obligatory execution by the customer of the obligations to the potential supplier in case of proper execution by the potential supplier of the obligations assumed under the contract;

3) the potential supplier - the borrower has positive credit history according to credit bureau which is expressed in lack of overdue debt more than 60 (sixty) calendar days for the last 2 (two) years.

For the purposes of Standard rates for banks the companies corresponding to the following criteria treat the large systemically important enterprises:

the proceeds from sales of products (rendering services) constitute at least 50 (fifty) billion tenges annually for the last 2 (two) years;

tax assignments constitute at least 3 (three) billion tenges annually for the last 2 (two) years.

8. Rights to claim according to grain receipts are excluded from unsteady types of pledge in case of observance of the following conditions:

1) according to grain receipts the warranty of the legal entity is had, 100 (hundred) percent of voting shares (shares in the authorized capital) which directly or indirectly belong to the state or national managing holding, or;

the property (grain) which is the key according to the grain receipt is provided with the insurance contract containing Items on unconditional and irrevocable obligation fulfillment, concluded with the insurance companies having rating is not lower "In + than" Standard & Poor rating agency "of s (Standard энд Purs) or the ratings of similar level of Moody rating agencies" s Investors Service (Mudis Investors Service), Fitch (Features), or the insurance contract which conditions are provided in Item 6 of Standard rates for banks), at the same time part of the insurance responsibility (reinsurance) organization according to the insurance contract is transferred to reinsurance in the reinsurance organization having rating s (Standard энд is not lower "In +" on the international scale of Standard & Poor rating agency "than Purs) or the ratings of similar level of Moody rating agencies" s Investors Service (Mudis Investors Service), Fitch (Features);

2) the term of the grain receipt does not exceed maximum permissible storage duration of the grain belonging to the holder of the grain receipt, established by the grain Storage precautions approved by the order of the Minister of Agriculture of the Republic of Kazakhstan of June 26, 2015 No. 4-1/573 (registered in the Register of state registration of regulatory legal acts at No. 11839);

3) the cereal-receiving company which issued the grain receipt conforms to the Qualification requirements imposed to activities for rendering services in warehouse activities with release of grain receipts and the list of the documents confirming compliance to them approved by the order of the Minister of Agriculture of the Republic of Kazakhstan of April 16, 2015 No. 4-1/339 (registered in the Register of state registration of regulatory legal acts at No. 11595).

Chapter 2. Minimum size of authorized and own capitals of bank

9. The minimum size of authorized and own capitals for newly created:

bank with the universal banking license it is established in the amount of 20 000 000 000 (twenty billion) tenges,

bank with the basic banking license in the amount of 10 000 000 000 (ten billion) tenges.

10. The minimum size of equity of bank is established in the following procedure:

for housing construction savings bank in the amount of 4 000 000 000 (four billion) tenges;

for bank with the universal banking license in the amount of 20 000 000 000 (twenty billion) tenges;

for bank with the basic banking license in the amount of 10 000 000 000 (ten billion) tenges.

11. The bank redeems from shareholders own shares provided that such redemption will not lead to violation of any of the prudential standard rates and limits set by authorized body.

Chapter 3. Coefficient of sufficiency of equity

12. Sufficiency of equity of bank is characterized by the following coefficients:

1) coefficient of sufficiency of fixed capital of k1:

relation of fixed capital to the amount:

assets, contingent and possible obligations weighed on degree of credit risk;

assets, conditional and possible requirements and obligations calculated taking into account market risk;

operational risk;

2) capital adequacy ratio of the first k1-2 level:

relation of the capital of the first level to the amount:

assets, contingent and possible obligations weighed on degree of credit risk;

assets, conditional and possible requirements and obligations calculated taking into account market risk;

operational risk;

3) coefficient of sufficiency of equity of k2:

equity relation to the amount:

assets, contingent and possible obligations weighed on degree of credit risk;

assets, conditional and possible requirements and obligations calculated taking into account market risk;

operational risk.

The assets, contingent and possible obligations weighed on the risk degrees taken into consideration of coefficients of k 1, k1-2 and k2 join less the reserves created according to international accounting standards (further - IFRS).

Values of capital adequacy ratios are determined as the amount of the values established according to Values of capital adequacy ratios according to appendix 1 to Standard rates for banks.

The minimum values of coefficients of sufficiency of equity k 1, k1-2 and k2 are determined as the amount of the values established according to Values of capital adequacy ratios according to appendix 1 to Standard rates for banks, and the supervising allowance by results of SREP or by results of SREP and regular AQR.

The supervising allowance by results of SREP is applied to the banks which did not enter perimeter of regular AQR.

The range of the size of the supervising allowance by results of SREP constitutes from 0 (zero) percent to 3 (three) percent from the amount of assets, contingent and possible obligations weighed on degree of credit risk, the assets, conditional and possible requirements and obligations calculated taking into account market risk, operational risk.

The supervising allowance by results of SREP and regular AQR is applied to the banks which entered perimeter of regular AQR.

The range of the size of the supervising allowance by results of SREP and regular AQR constitutes from 0 (zero) percent to 6 (six) percent from the amount of assets, contingent and possible obligations weighed on degree of credit risk, the assets, conditional and possible requirements and obligations calculated taking into account market risk, operational risk.

The supervising allowance by results of SREP, the supervising allowance by results of SREP and regular AQR are established annually. The supervising allowance by results of SREP, the supervising allowance by results of SREP and regular AQR is effective before establishment of the new size of the corresponding allowance.

In addition to values of coefficients of sufficiency of equity the following values of buffers of equity are established:

the requirement to the conservation buffer is fulfilled on permanent basis and constitutes:

for all banks - 2, ((two whole five tenth) percent;

for systemically significant banks - 3 (three) percent;

the counter-cyclical buffer and the sectoral counter-cyclical buffer which size and terms of introduction are determined by the macroprudential standard rates and limits, their normative values and techniques of calculations established by National Bank of the Republic of Kazakhstan according to subitem 1-1) of part four of article 51-2 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", part three of Item 1 of article 73 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan".

the system buffer, the requirement to which calculation extends to systemically significant banks recognized systemically by significant banks according to the resolution of Board of National Bank of the Republic of Kazakhstan of December 23, 2019 No. 240 "About approval of Rules of reference of the financial organizations to number systemically significant" registered in the Register of state registration of regulatory legal acts at No. 19925. The requirement to the system buffer is fulfilled on permanent basis and constitutes 1 (one) percent from the amount of assets, contingent and possible obligations weighed taking into account risks;

the buffer by results of supervising stress testing which includes the risks of financial stability of banks to hypothetical (stressful) scenarios of succession of events revealed by authorized body by results of supervising stress testing. The buffer size range by results of supervising stress testing constitutes from 0 (zero) percent to 3 (three) percent from the amount of assets, contingent and possible obligations weighed on degree of credit risk, the assets, conditional and possible requirements and obligations calculated taking into account market risk, operational risk.

The buffer by results of supervising stress testing is established annually and is effective before establishment of the new size of the buffer.

If the actual values of capital adequacy ratios of k 1, k1-2 and k2 bank not below values of the capital adequacy ratios specified in part four of this Item, but at the same time to any of the provided coefficients below than the established values of capital adequacy ratios taking into account equity buffers, then on use of retained net income of bank restriction according to the Minimum amount of restriction of retained net income according to appendix 2 to Standard rates for banks, regarding the termination of dividend payout and the return share repurchase, except as specified, provided by the Law of the Republic of Kazakhstan "About joint-stock companies" is imposed.

Values of coefficients of sufficiency of equity taking into account buffers of equity are reached at the expense of components of fixed capital which list is stipulated in Item 15 Standard rates for banks.

The supervising allowance by results of SREP and the supervising allowance by results of SREP and regular AQR are established on equity and become covered 56,25 at least (fifty six whole twenty five 100-th) percent by fixed capital (k 1), at least 75 (seventy five) percent at the expense of the capital of the first level (k1-2) which list is stipulated in Item 15 Standard rates for banks.

The buffer by results of supervising stress testing is established on fixed capital.

The size of buffers of equity calculated according to requirements of Standard rates for banks is not reflected in financial accounting.

Values of coefficients of sufficiency of equity and buffers of equity, except for the supervising allowance by results of SREP, and also the supervising allowance by results of SREP and regular AQR and the buffer by results of supervising stress testing, are reviewed by authorized body at least 1 (one) time in 3 (three) years.

13. The equity is calculated as capital sum of the first level and the capital of the second level.

14. For the purposes of Standard rates for banks, in addition to long-term credit rating evaluations of the Standard & Poor agency "s (Standard энд Purs), authorized body are also recognized long-term credit rating evaluations of other rating agencies.

For the purposes of Standard rates for banks the following organizations treat international financial institutions:

Asian Development Bank;

African development bank (African Development Bank);

Development bank of the European Council (Council of Europe Development Bank);

Eurasian Development Bank;

European Bank for Reconstruction and Development;

European Investment Bank;

Islamic development bank (Islamic Development Bank);

Islamic corporation on private sector development (ICD Islamic Corporation for the Development of the Private Sector);

Inter-American Development Bank;

International Development Association (International Development Association);

International Finance Corporation;

International Bank for Reconstruction and Development (International Bank for Reconstruction and Development);

International Monetary Fund;

International Centre for Settlement of Investment Disputes;

Multilateral agency of guarantee of investments (Multilateral Investment Guarantee Agency);

Scandinavian investment bank (Nordic Investment Bank).

15. The capital of the first level is calculated as the amount of fixed capital and the added capital:

1) fixed capital is calculated as the amount:

the paid common shares corresponding to the criteria established in Criteria for classification of tools within equity of bank according to appendix 3 to Standard rates for banks;

supplementary paid-in capital;

retained net profit of last years;

retained net profit of the current year;

the cumulative opened reserve determined as the amount of remaining balance on the balance sheet account 3510 "Reserve capital" of the Standard chart of accounts of financial accounting in banks of the second level, the mortgage organizations, Development Bank of Kazakhstan joint-stock company and branches of nonresident banks of the Republic of Kazakhstan approved by the resolution of Board of National Bank of the Republic of Kazakhstan of January 31, 2011 No. 3, registered in the Register of state registration of regulatory legal acts at No. 6793 (further - the Standard chart of accounts);

reserves of revaluation of fixed assets and reserves of revaluation of cost of the securities carried at fair value through other comprehensive income;

reserves of revaluation of cost of the loans carried at fair value through other comprehensive income;

minus the following regulatory adjustments:

own redeemed common shares;

intangible assets, including goodwill;

losses of last years and losses of the current year;

deferred tax asset, except for parts of the deferred tax assets recognized concerning deductible temporary differences;

reserves on other revaluation;

the sales returns connected with transactions on securitization of assets. The deferred revenue in connection with the expectation of the complete or partial income in the future received from securitization conditions belongs to such income;

the income or losses from change of fair value of the financial liability in connection with change of credit risk according to such obligation;

the regulatory adjustments which are deductible from the added capital, but in connection with its insufficient level subtracted from fixed capital;

the investments specified in Item 16 of Standard rates for banks.

2) the added capital joins the termless agreements corresponding to the criteria established in Criteria for classification of tools within equity of bank according to appendix 3 to Standard rates for banks as a result of which at the same time there is financial asset at one person and the financial liability or other financial instrument confirming the right to share of the assets of the legal entity which remained later deductions of all its obligations at other person (further - termless financial instruments) and also the paid preferred shares corresponding to the criteria established in Criteria for classification of tools within equity of bank according to appendix 3 to Standard rates for banks.

The size of the added capital decreases by the amount of the following regulatory adjustments:

investments of bank into own termless financial instruments by direct or indirect method;

own redeemed preferred shares of bank;

the investments specified in Item 16 of Standard rates for banks;

the regulatory adjustments which are deductible from the capital of the second level, but in connection with its insufficient level subtracted from the added capital;

If the amount of the added capital of bank is insufficient for implementation of deduction, then the rest is subtracted from fixed capital of bank.

16. Deduction from the capital of investments of bank into shares, share, shares or other forms of equity, termless financial instruments, subordinated debt (further - financial instruments) the organizations which financial reporting are not consolidated in case of creation of the financial reporting of bank according to IFRS and also deduction of deferred tax assets, are performed in the following procedure:

if investments of bank into financial instruments of the financial organizations in which the bank has less than 10 (ten) percent of issued shares (shares in the authorized capital) in total exceed 10 (ten) percent from fixed capital of bank after application of the regulatory adjustments specified in Item 15 of Standard rates for banks, the amount of exceeding is deductible from equity;

if investments of bank into common shares (shares in the authorized capital) the financial organization in which the bank has 10 (ten) and more percent from issued shares (shares in the authorized capital) in total exceed 10 (ten) percent from fixed capital of bank after application of the regulatory adjustments specified in Item 15 of Standard rates for banks and the paragraph the second this Item, the amount of exceeding is deductible from fixed capital;

if part of the deferred tax assets recognized concerning deductible temporary differences exceeds 10 (ten) percent from fixed capital of bank after application of the regulatory adjustments specified in Item 15 of Standard rates for banks and the paragraph the second this Item, the amount of exceeding is deductible from fixed capital;

if investments of bank into common shares (shares in the authorized capital) the financial organization in which the bank has 10 (ten) and more percent from issued shares (shares in the authorized capital) and part of the deferred tax assets recognized concerning deductible temporary differences in total exceed 17,65 (seventeen whole sixty five 100-th) percent of difference of fixed capital of bank after application of the regulatory adjustments specified in Item 15 of Standard rates for banks, and the amount which is subject to deduction from fixed capital, specified in paragraphs the second, third and fourth this Item, the amount of exceeding is deductible from fixed capital;

the exceeding amount calculated according to the paragraph the fifth this Item decreases on the amounts which are deductible from fixed capital, specified in paragraphs the second, third and fourth this Item;

the deduction of the investments into financial instruments specified in the paragraph the second this Item is performed from appropriate level of equity proceeding from share of investments in the total amount of investments into financial instruments;

deferred tax assets for the purposes of calculation of deduction according to Item 15 and paragraphs the fourth, fifth and sixth this Item decrease on the amount of deferred tax liabilities, except for the deferred tax liabilities recognized concerning intangible assets including goodwill, on pro rata basis between the deferred tax assets recognized concerning deductible temporary differences and other deferred tax assets;

investments of bank into termless financial instruments of the financial organizations in which the bank has 10 (ten) and more percent from issued shares (shares in the authorized capital) are deductible from the added capital;

if the amount of the added capital is insufficient for implementation of deduction, then the amount is subtracted from fixed capital of bank;

investments of bank into subordinated debt of the financial organizations, in which the bank has 10 (ten) and more percent from issued shares (shares in the authorized capital), of the legal entity, are deductible from the capital of the second level;

if the capital sum of the second level is insufficient for implementation of deduction, then the amount is subtracted from the capital of the first level of bank;

the investments which are not subtracted from calculation of equity are weighed on degree of credit risk according to the Table of the assets of bank weighed on degree of credit risk of investments according to appendix 4 to Standard rates for banks.

17. Calculation of equity joins paid amount of termless financial instruments in the amount of the money which is actually received by bank.

18. Calculation of equity joins the amount of the paid preferred shares in the amount of the money which is actually received by bank.

19. The bank to authorized body represents copies by the approved authorized body of bank of the agreement or conditions of release of termless financial instruments. Termless financial instruments turn on in calculation of equity of bank from the written confirmation of authorized body about compliance of the agreement or conditions of release of termless financial instruments of bank to the criteria established in Criteria for classification of tools within equity of bank according to appendix 3 to Standard rates for banks.

20. The capital of the second level is calculated as the amount:

subordinated debt minus the redeemed own subordinated debt of bank;

minus the investments specified in Item 16 of Standard rates for banks.

For the bank which is subject to restructuring based on the judgment which took legal effect till July 1, 2026 about carrying out restructuring of bank according to the Law of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" and the civil procedural legislation of the Republic of Kazakhstan, the subordinated debt joins in the capital of the second level in the amount which is not exceeding 75 (seventy five) percent of capital sum of the first level minus the redeemed own subordinated debt of bank within 5 (five) years from the date of the expiration of the carrying out restructuring determined by the judgment.

21. The subordinated debt of bank is the unsecured obligation of bank corresponding to the criteria established in Criteria for classification of tools within equity of bank according to appendix 3 to Standard rates for banks.

22. The banks performing (performed) restructuring according to the Law of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" at discretion include in calculation of equity negative difference between fair values of the financial instruments taking into account charged depreciation issued (acquired) within restructuring in the amount which is not exceeding 15 (fifteen) percent from the amount of the paid authorized capital minus own redeemed bank shares.

23. Calculation of assets, the contingent and possible obligations weighed on degree of credit risk is carried out according to the Table of the assets of bank weighed on degree of credit risk of investments according to appendix 4 to Standard rates for banks, Values of coefficients of weighing on degree of credit risk of investments on unsecured consumer loans when calculating coefficient of debt load, according to appendix 5 to Standard rates for banks and the Table of the contingent and possible obligations of bank weighed on degree of credit risk according to appendix 6 to Standard rates for banks. Calculation of values of coefficients of weighing for degree of credit risk of investments for unsecured consumer loans when calculating coefficient of debt load is perfromed on the unsecured consumer loans issued after January 1, 2020.

For the purposes of weighing of assets, contingent and possible obligations on risk degree assets, contingent and possible obligations decrease by the amount of the created reserves, according to IFRS.

The contingent and possible obligations weighed on degree of credit risk are determined as the work of the amount of the contingent and possible obligations expected according to the Table of the contingent and possible obligations of bank weighed on degree of credit risk according to appendix 6 to Standard rates for banks the risk degree corresponding to category of the partner specified in the Table of the assets of bank weighed on degree of credit risk of investments according to appendix 4 to Standard rates for banks on which the bank bears credit risks.

Swaps, futures, options, forwards join in calculation of the contingent and possible obligations weighed taking into account credit risk, by multiplication of the amount of market value of the specified financial instruments and credit risk on them on the risk degree corresponding to category of the partner specified in the Table of the assets of bank weighed on degree of credit risk of investments according to appendix 4 to Standard rates for banks.

The credit risk on swap transactions, the future, the option and the forward is calculated as the work of nominal value of the specified financial instruments on the coefficient of credit risk specified in the Table of coefficients of credit risk for derivative financial instruments according to appendix 7 to Standard rates for banks and determined by repayment period of the specified financial instruments.

Spot of the transaction on securities, calculation for which "delivery against payment" and (or) transaction spot in the foreign exchange market with foreign currency, calculation for which are performed by the principle "payment against payment" including with participation of the central partner, are performed by the principle, join in calculation of the contingent and possible obligations weighed taking into account credit risk or in calculation of the assets weighed taking into account credit risk (when accounting transactions spot on balance sheet accounts) if such payments are not registered within five working days after settlement date, by multiplication of positive difference between requirements and obligations of the coefficient of credit risk specified in the Table coefficient of credit risk on spot to transactions according to appendix 8 to Standard rates for banks.

Spot of the transaction on securities, calculation for which "delivery against payment" and (or) transaction spot in the foreign exchange market with foreign currency, calculation for which are performed not by the principle "payment against payment", are performed not by the principle, join in calculation of the contingent and possible obligations weighed taking into account credit risk or in calculation of the assets weighed taking into account credit risk (when accounting transactions spot on balance sheet accounts) if the bank made the first part of the transaction, but the second part of the transaction was not complete by the end of the working day of the partner in which she was imprisoned, in the amount of the requirement taking into account the netting (in the presence of the agreement with the partner on netting) weighed on risk degree, the corresponding category of the partner specified in the Table of the assets of bank weighed on degree of credit risk of investments according to appendix 4 to Standard rates for banks.

Concerning above-stated spot of transactions according to which requirements for settlement date deadlines are not violated degree of credit risk is equal to 0 (zero).

Market value (replacement cost) of financial instruments specified in this Item represents:

according to transactions on purchase - the size of excess of the current market value of the financial instrument over the nominal contractual value of this financial instrument. If the current market value of the financial instrument is less or is equal to its nominal contractual value, the replacement cost is equal to 0 (zero);

according to transactions for sale - the size of excess of nominal contractual value of the financial instrument over the current market value of this financial instrument. If the nominal contractual value of the financial instrument is less or is equal to its current market value, the replacement cost is equal to 0 (zero).

The replacement cost is determined by dual currency financial instruments (financial instruments on which the requirement and the obligation are expressed in different foreign currencies) as the size of excess of tengovy equivalent of requirements over tengovy equivalent of the obligations determined by rate for date of creation of the reporting. If the size of tengovy equivalent of requirements is less or is equal to tengovy equivalent of obligations, the replacement cost is equal to 0 (zero).

The nominal contractual value of financial instruments specified in this Item represents the cost of financial instruments at which they are reflected for date of the conclusion of transactions in the corresponding accounts of financial accounting. The currency on which at bank requirements are created is accepted to the nominal contractual value of dual currency financial instruments.

The sold options do not join in calculation of the contingent and possible obligations weighed taking into account credit risk.

Calculation of assets, conditional and possible requirements and obligations taking into account market risk is carried out according to Items 25, of 26, of 27, of 28, of 29, of 30, of 31, of 32, of 33, of 34, of 35, of 36, of 37, of 38 and 39 Standard rates for banks.

Calculation of operational risk is carried out according to Item 41 of Standard rates for banks.

When calculating coefficients of sufficiency of equity of k 1, k1-2 and k2 not invested remaining balance of the means accepted by bank on storage based on the custodial agreement is excluded from the size of the assets which are subject to weighing on risk degree of investments.

Requirements of Standard rates for banks on respect for the minimum values of coefficients of sufficiency of equity of k 1, k1-2 and k 2, including equity buffers, do not extend to the banks performing (performed) restructuring according to the Law of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" which large shareholder is the joint-stock company "National welfare fund "Samruk-Kazyna", and also to the banks corresponding to criteria of systemically significant bank if the actions plan approved by authorized body providing measures of early reaction for increase in financial stability of bank, non-admission of deterioration in its financial position and increase in the risks connected with banking activity determines values of coefficients of sufficiency of equity k 1, k1-2 and k2 and term, during which values of coefficients of sufficiency of equity are effective.

24. Calculation of contingent and possible obligations does not join contingent and possible obligations of bank which execution completely depends on execution by bank of obligations to the third parties and according to which the bank has no additional credit risks.

25. Calculation of assets, conditional and possible requirements and obligations taking into account market risk (except for risk on financial instruments with the market risk connected with change of the exchange rates of currencies and rates of precious metals) join the assets, conditional and possible requirements and obligations considered by banks at market or fair value (further - financial instruments with market risk) and corresponding to any of the following conditions:

1) are acquired with sales objective within 3 (three) years following after year of their acquisition for income acquisition in the specified period from difference between the cost of purchase and cost of sale;

2) are acquired for the purpose of hedging of market risks on other financial instruments with market risk.

26. Assets, conditional and possible requirements and obligations taking into account market risk are calculated as the work of coefficient of the reduction equal to 12,5, on the amount:

risk on financial instruments with the market risk connected with change of rate of remuneration;

risk on financial instruments with the market risk connected with change of market value;

risk on financial instruments with the market risk connected with change of the exchange rates of currencies and rates of precious metals.

27. Calculation of risk for financial instruments with the market risk connected with change of rate of remuneration represents the amount of specific interest risk and general interest risk.

28. The specific interest risk represents the amount of open line items on homogeneous financial instruments with the market risk connected with the change of rate of remuneration weighed on coefficients of specific interest risk according to Item 30 of Standard rates for banks.

The homogeneous financial instruments with market risk connected with change of rate of remuneration the financial instruments corresponding to the following conditions are recognized:

are issued by one issuer;

have the equal extent of profitability;

market value is expressed in the same currency;

have equal term before repayment.

Open (long or short) the line item on homogeneous financial instruments with the market risk connected with change of rate of remuneration represents difference between:

the amount of the financial instruments with market risk connected with change of rate of remuneration, including representing requirements of sale of the financial instruments with market risk connected with change of rate of remuneration;

the amount of the financial instruments with market risk connected with change of rate of remuneration, representing obligations for sale of the financial instruments connected with change of rate of remuneration.

Options join in calculation of open line item (long or short) in the amount of market value of the options which developed on condition for the last working day of the accounting period.

Open (long or short) the line item on homogeneous financial instruments is calculated with the market risk connected with change of rate of remuneration by currencies in which market values of the specified financial instruments are determined.

29. Open line items on homogeneous financial instruments with the market risk connected with change of rate of remuneration are weighed on coefficients of specific interest risk in the following procedure:

1) on coefficient 0 (zero) percent - the financial instruments with market risk connected with change of rate of remuneration in the form of the government securities of the Republic of Kazakhstan issued by the Government of the Republic of Kazakhstan and National Bank of the Republic of Kazakhstan (further - National Bank), securities on which the state warranty of the Government of the Republic of Kazakhstan, the securities having the status state, issued by the central governments and Central Banks of foreign states which sovereign rating is not lower than "AA-" of the Standard & Poor agency "s (Standard энд Purs) or the ratings of similar level of Moody rating agencies" s Investors Service (Mudis Investors Service is had), Fitch (Features), the securities issued by joint-stock company "National welfare fund "Samruk-Kazyna" and joint-stock company "National investment holding "Bayterek";

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