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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 25, 2013 No. 292

About introduction of restrictions for carrying out separate types of banking and other activities by the financial organizations

(In edition of the Resolution of Board of National Bank of the Republic of Kazakhstan of 21.11.2014 No. 221)

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Set the following restrictions for carrying out separate types of banking and other activities by the financial organizations.

2. The bank of the second level (further - bank) perfroms calculation of coefficient of debt load of the borrower before decision making about (about):

to issue to the borrower of loan, except for issues of loan (part of loan) within the credit line opened for the borrower;

opening of credit line to the borrower (establishment of credit limit);

to issue to the borrower of additional loan within signed signed the agreement (agreements) of bank loan;

the change of conditions of open credit line and (or) borrower's loan attracting increase in the size of periodical payments on this loan according to the repayment schedule of loan.

The credit line is understood as the obligation of bank to credit the borrower on the conditions allowing the borrower most to determine time of receipt of loan, but within the amount and time determined by rules about domestic credit policy of bank for such form of crediting and the agreement.

The credit limit (including on credit payment cards) is understood as the limiting amount of credit line.

The borrower is understood as the physical resident person of the Republic of Kazakhstan intending to use or using services of bank in implementation of banking loan activities whose average monthly earnings do not exceed or is equal to the double size published on Internet resource of authorized body in the field of the state statistics of the last average monthly salary available for date of implementation of calculation of coefficient of debt load of the borrower.

Requirements of part one of this Item extend to the loans granted borrowers on purchase of goods, the works and services which are not connected with implementation of business activity, except for loans, provided with pledge of real estate, rights to claim under agreements of equity in housing construction, to other agreements which subject is real estate acquisition, loans on as which providing motor transport, loans on as which providing the money placed in bank according to bank deposit agreement or the agreement of pledge of money, which are completely covering the amount of the issued loan of loans issued within system of educational crediting, and loans issued within system of housing construction savings acts acts.

3. The coefficient of debt load of the borrower is calculated as the relation of the amount of monthly payment on all outstanding loans of the borrower, including the amounts of overdue payments on all outstanding loans, and average monthly payment on the new debt of the borrower arising in the cases provided by part one of Item 2 of this resolution to average monthly earnings of the borrower for the last six months:

Формула к ПП НБ РК от 21.11.2014 №221

where:

KDN - coefficient of debt load;

PNZI - monthly payment on outstanding loan (outstanding loans) of the borrower which is calculated according to Item 4 of this resolution;

PP_ - the amount of overdue payments on outstanding loan (outstanding loans) of the borrower;

PZ - average monthly payment on new debt of the borrower who is calculated according to Item 5 of this resolution;

n - quantity of outstanding loans of the borrower;

Д - average monthly earnings of the borrower which are calculated according to Item 7 of this resolution.

4. The monthly payment on outstanding loan (outstanding loans) of the borrower is accepted equal to periodical payment on the outstanding loan brought to monthly expression (the amount of the periodical payments on outstanding loans brought to monthly expression).

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