· ProFinance Consulting
This publication retains its 2024 text. Legislative changes after the publication date are not reflected in it.
Resolution No. 192 of the Board of the National Bank of Kazakhstan, Approving Prudential Standards and Other Mandatory Rules and Limits for Organisations Engaged in Microfinance Activities and Their Calculation Methodology, was adopted on 14 November 2019 and entered into force on 1 January 2020.
The Resolution establishes prudential standards and other mandatory requirements for organisations engaged in microfinance activities. These standards, rules, limits and their calculation methodologies are the main regulatory instruments for microfinance organisations in Kazakhstan. Resolution No. 192 aims to ensure their financial stability and resilience, protect clients' interests and confidence, and reduce microfinance risks.
By complying with the prudential standards and mandatory requirements in Resolution No. 192, microfinance organisations can maintain financial resilience, minimise risks and manage their activities effectively. This supports the development of the microfinance sector and improves services for individuals and small businesses.
Under paragraph 2 of the Resolution, the prudential standards and other mandatory rules and limits for organisations engaged in microfinance activities include:
- for a microfinance organisation:
- minimum charter capital: from 1 January 2024 — 200 000 000 (two hundred million) tenge;
- minimum equity;
- capital adequacy;
- maximum exposure to a single borrower;
- leverage ratio.
- for a credit partnership:
- minimum charter capital: from 1 July 2022 — 50 000 000 (fifty million) tenge for a credit partnership registered as such before 1 January 2020 and operating in Astana, Almaty, Shymkent or a regional capital; from 1 January 2023 — 25 000 000 (twenty-five million) tenge for a credit partnership registered as such before 1 January 2021 and operating outside Astana, Almaty, Shymkent or a regional capital;
- minimum equity;
- leverage ratio;
3) for a pawnshop — minimum charter capital of 70 000 000 (seventy million) tenge, except for pawnshops registered as such before 1 January 2020, for which minimum charter capital from 1 January 2024 is 50 000 000 (fifty million) tenge.