Regulatory Alerts2018-03-24 | ПҚ-3620Added · Updated
On Additional Measures to Increase the Accessibility of Banking Services
The decree mandates commercial banks to provide unrestricted access to service areas without preliminary permits, transparently register loan applications, and prohibit fees for reviewing applications or charging penalties for early loan termination. It restricts credit institutions from charging interest exceeding half the annual loan sum on microloans and pawnshop contracts, while requiring the Central Bank to establish a national banking processing center, introduce remote account management, and allow cash withdrawal of foreign currency from international cards by April 2018. The document also outlines specific targets for ATM expansion by various banks, exempts banking equipment from customs duties until 2020, and directs the creation of a unified interdepartmental information system for credit scoring by January 2019.