On Amendments and Additions to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated August 25, 2025 No. 52

NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN	RESOLUTION OF THE BOARD
July 31, 2026 Astana city	No. 92 Astana city

On Amendments and Additions to the Resolution

of the Board of the National Bank of the Republic of Kazakhstan dated August 25, 2025 No. 52 "On Establishing Macroprudential Standards and Limits, Their Normative Values and Calculation Methodology"

The Board of the National Bank of the Republic of Kazakhstan RESOLVES:

1. Make the following amendments and additions to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated August 25, 2025 No. 52 "On Establishing Macroprudential Standards and Limits, Their Normative Values and Calculation Methodology" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 36722):

in the Macroprudential Standards and Limits, Their Normative Values and Calculation Methodology approved by the said resolution:

add paragraph 1-1 as follows:

"1-1. In the Standards, the concepts provided for by the Law on Banks are used, as well as the following concepts:

1) credit line – an obligation of a bank, branch of a non-resident bank of the Republic of Kazakhstan to lend to a borrower on conditions that allow the borrower to independently determine the time of receiving a loan, but within the amount and time defined by the credit policy of the bank, branch of a non-resident bank of the Republic of Kazakhstan for such form of lending and the bank loan agreement;

2) credit limit (including for a credit card) – the maximum amount of the credit line;

3) borrower – a resident individual of the Republic of Kazakhstan intending to use or using the services of a bank, branch of a non-resident bank of the Republic of Kazakhstan for carrying out bank borrowing operations."

rephrase paragraph 20 as follows:

"20. A bank, branch of a non-resident bank of the Republic of Kazakhstan carries out the calculation of the borrower's debt burden coefficient before making decisions on:

issuing a loan to a borrower, including issuing a loan (part of a loan) within an open credit line, except for issuing a loan (part of a loan) within the credit limit of a credit card, the terms of which provide for lending to a borrower within the credit limit;

opening a credit line to a borrower (establishing a credit limit);

issuing an additional loan to a borrower within the concluded (concluded) bank loan agreement(s);

changing the terms of an open credit line and/or a borrower's loan, resulting in an increase in the size of periodic payments for this loan according to the repayment schedule.

The requirements of the first part of this paragraph apply to loans provided to borrowers for the purchase of goods, works, and services not related to entrepreneurial activity, as well as to loans provided to individuals who are not individual entrepreneurs for purposes related to entrepreneurial activity, except in cases where the borrower provides documents and/or other information confirming their entrepreneurial activity, with subsequent storage of the analysis results of such documents and information in software and/or the borrower's credit file of the bank.

The requirement to comply with the maximum level of the borrower's debt burden coefficient does not apply:

to loans issued within the framework of the National Bank's program for refinancing mortgage housing loans (mortgage loans);

to loans issued within the framework of the State Educational Savings System;

to loans whose obligations have passed to an heir by inheritance.

The requirement to comply with the maximum level of the borrower's debt burden coefficient does not apply when providing a loan during the period from January 1, 2025, to December 31, 2026, inclusive:

for the purpose of acquiring a new motor vehicle that has not been in operation and is being registered for the first time on the territory of the Republic of Kazakhstan and serves as collateral for the loan;

for the purpose of acquiring a used motor vehicle that serves as collateral for the loan, with an initial payment of no less than 50 (fifty) percent of the cost of this motor vehicle;

for the purpose of acquiring a motor vehicle that has been in operation for no more than 3 (three) years and serves as collateral for the loan, with an initial payment of no less than 30 (thirty) percent of the cost of this motor vehicle;

within the housing construction savings system.

A bank, branch of a non-resident bank of the Republic of Kazakhstan carries out the calculation of the borrower's debt burden coefficient for loans specified in the third and fourth parts of this paragraph for the purpose of monitoring credit risks."

in paragraph 22:

rephrase the first sentence of the second part as follows:

"Income of a borrower is determined based on one or several of the following criteria:";

rephrase the third part as follows:

"Information indicated in subparagraphs 1), 2), 3), 4), 5), 6), 7) and 8) of the second part of this paragraph is confirmed by the borrower with the submission of corresponding documents and/or checked in the digital system of the bank, branch of a non-resident bank of the Republic of Kazakhstan and/or requested by the bank, branch of a non-resident bank of the Republic of Kazakhstan based on the consent of the borrower given in writing or via the borrower's identification means."

rephrase the sixth part as follows:

"For the purposes of the Standards, a borrower having signs of a person actively involved in gambling business means an individual who has made 6 (six) or more payments to the organizer of gambling business for a total amount of more than 300,000 (three hundred thousand) tenge over the last 6 (six) completed months."

in paragraph 24:

rephrase the first sentence of the second part as follows:

"Periodic payment for an outstanding loan, expressed in monthly terms, is calculated as the product of the periodic payment for the outstanding loan according to the repayment schedule, multiplied by the ratio of the number of periodic payments for the outstanding loan in annual terms to 12 (twelve) months:";

rephrase the third and fourth parts as follows:

"The number of periodic payments for an outstanding loan in annual terms is calculated as the ratio of 360 (three hundred sixty) to the number of days characterizing the periodicity of making payments for the loan according to the repayment schedule.

The number of days in a month for the purposes of calculating the third part of this paragraph is taken as equal to 30 (thirty)."

rephrase the seventh part as follows:

"Assessment of the size of the monthly payment for repayment of the utilized part of the credit limit is determined based on data from the credit bureau, digital systems of the bank, branch of a non-resident bank of the Republic of Kazakhstan, or calculated as the ratio of the size of the utilized part of the credit limit to the remaining term of this limit, determined by the agreement, expressed in months."

rephrase the ninth part as follows:

"Monthly payment for a credit card, the terms of which provide for lending to a borrower within the credit limit, is calculated as the product of the utilized credit limit for such card by 10 (ten) percent."

rephrase the thirteenth part as follows:

"Information on periodic payment according to the repayment schedule, balance of principal debt, balance of remuneration on outstanding loans, credit limit, utilized part of the credit limit, amounts of overdue payments on outstanding loans of the borrower is requested by the bank, branch of a non-resident bank of the Republic of Kazakhstan from the credit bureau in accordance with the Rules and Conditions for Providing Credit Reports approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated March 27, 2017 No. 53 "On Approval of Conditions and Minimum Requirements for the Procedure for Providing Information to Credit Bureaus by Information Providers, Rules for Obtaining Consent of Subjects of Credit Histories for Providing Information About Them to Credit Bureaus (Except Credit Bureaus with State Participation), Rules for Obtaining Consent for Issuance of Credit Report About Him to Other Persons from the Credit Bureau, as Well as Rules and Conditions for Providing Credit Reports" (registered in the Registry of State Registration of Regulatory Legal Acts No. 15115) (hereinafter – Rules and Conditions for Providing Credit Reports)."

rephrase the fifteenth part as follows:

"Outstanding loans of a borrower include loans specified in the second part of paragraph 20 of the Standards, as well as existing outstanding bank loans and microcredits of the borrower not specified in the second part of paragraph 20 of the Standards."

rephrase the first part of paragraph 25 as follows:

"25. The average monthly payment for new debt of a borrower is calculated as the ratio of the sum of payments for principal debt and remuneration, calculated in accordance with the repayment schedule, as well as other payments related to the issuance and servicing of the loan, specified in paragraph 14 of the Rules for Calculating Remuneration Rates in Accurate, Annual, Effective, Comparable Terms (Real Cost) for Loans and Deposits, approved by the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated April 3, 2026 No. 44 "On Approval of the Rules for Calculating Remuneration Rates in Accurate, Annual, Effective, Comparable Terms (Real Cost) for Loans and Deposits" (registered in the Registry of State Registration of Regulatory Legal Acts No. 38333), to the term of this loan expressed in months."

rephrase paragraph 26 as follows:

"26. The average monthly income of a borrower is calculated as the ratio of the size of income determined based on one or several criteria specified in subparagraphs 1), 2), 3), 4), 5), 6), 7) and 8) of the second part of paragraph 22 of the Standards for 6 (six) consecutive months preceding the date of the borrower's application, to 6 (six).

When determining the income of a borrower based on the criterion specified in the seventh sentence of subparagraph 1) of the second part of paragraph 22 of the Standards, the average monthly income of the borrower is calculated as the ratio of the size of income reflected in tax reporting submitted to tax authorities in accordance with Article 727 of the Tax Code during 6 months preceding the date of the borrower's application, to 6 (six).

When determining the income of a borrower based on the criteria specified in subparagraphs 1), 2), 3), 4), 5), 6), 7) and 8) of the second part of paragraph 22 of the Standards, the bank, branch of a non-resident bank of the Republic of Kazakhstan conducts validation of incomes used for calculating the borrower's debt burden coefficient for the absence of income inflation due to:

duplication of the same source of income in two or more income criteria of the borrower;

refilling the debit card, current accounts, deposits of the borrower due to transactions between accounts at the expense of own and/or borrowed funds of the same borrower.

Types of incomes accepted by the bank, branch of a non-resident bank of the Republic of Kazakhstan in the calculation of the average monthly income of the borrower must be received in at least any two months within 6 (six) consecutive months preceding the date of the borrower's application, except for income determined based on the criterion specified in the seventh sentence of subparagraph 1) of the second part of paragraph 22 of the Standards.

Banks, branches of non-resident banks of the Republic of Kazakhstan carry out the calculation of the average monthly income of the borrower recipient of targeted social assistance and/or borrower having signs of a person actively involved in gambling business based on the official income of the borrower specified in subparagraph 1) of the second part of paragraph 22 of the Standards.

Banks, branches of non-resident banks of the Republic of Kazakhstan carry out the calculation of the average monthly income of a borrower who has not reached the age of twenty-one based on the incomes of the borrower specified in subparagraphs 1), 7) and 8) of the second part of paragraph 22 of the Standards."

rephrase the first sentence of paragraph 28 as follows:

"28. A bank, branch of a non-resident bank of the Republic of Kazakhstan does not make positive decisions on issuing a loan to a borrower, including issuing a loan (part of a loan) within an open credit line to a borrower, opening a credit line to a borrower (establishing a credit limit), issuing an additional loan within the concluded (concluded) bank loan agreement(s), changing the terms of an open credit line and/or a borrower's loan, resulting in an increase in the size of periodic payments for this loan according to the repayment schedule, in case if:";

rephrase paragraph 30 as follows:

"30. A bank, branch of a non-resident bank of the Republic of Kazakhstan carries out the calculation of the borrower's debt-to-income coefficient before making decisions on:

issuing a loan to a borrower, except for issuing a loan (part of a loan) within an open credit line;

opening a credit line to a borrower (establishing a credit limit);

issuing an additional loan to a borrower within the concluded (concluded) bank loan agreement(s);

changing the terms of an open credit line and/or a borrower's loan, resulting in an increase in the amount of debt for this loan according to the repayment schedule.

The requirements of the first part of this paragraph apply to loans provided to borrowers for the purchase of goods, works, and services not related to entrepreneurial activity, as well as to loans provided to individuals who are not individual entrepreneurs for purposes related to entrepreneurial activity, except in cases where the borrower provides documents and/or other information confirming their entrepreneurial activity, with subsequent storage of the analysis results of such documents and information in software and/or the borrower's credit file of the bank.

The requirement to comply with the maximum level of the borrower's debt-to-income coefficient does not apply:

to loans issued within the framework of the National Bank's program for refinancing mortgage housing loans (mortgage loans);

to loans issued within the framework of the State Educational Savings System;

to loans whose obligations have passed to an heir by inheritance.

A bank, branch of a non-resident bank of the Republic of Kazakhstan carries out the calculation of the borrower's debt-to-income coefficient for loans specified in the third part of this paragraph for the purpose of monitoring credit risks."

add paragraphs 30-1 and 30-2 as follows:

"30-1. The calculation of the borrower's debt-to-income coefficient is carried out by the bank, branch of a non-resident bank of the Republic of Kazakhstan in three stages:

first stage – assessment of the borrower's solvency, which is carried out in accordance with paragraph 22 of the Standards;

second stage – calculation of the borrower's debt-to-income coefficient is carried out before making a decision on issuing a loan for the corresponding type of loan for which the application was submitted, separately for each of the following types of loans:

unsecured consumer loan and opening a credit line to a borrower (establishing a credit limit) (hereinafter – unsecured consumer loan);

mortgage housing loan;

loan secured by the acquired motor vehicle and/or other collateral.

Calculation at the second stage is carried out exclusively for the type of loan for which the application was submitted by the borrower;

third stage – calculation of the borrower's debt-to-income coefficient for the total debt of the borrower.

30-2. The borrower's debt-to-income coefficient is calculated separately for each loan listed in paragraph 30-1 of the Standards as follows:

where:

DTIi – borrower's debt-to-income coefficient for loan i, where i denotes one of the following types of loans:

unsecured consumer loan,

mortgage housing loan,

loan secured by the acquired motor vehicle and/or other collateral;

Total Debt i – the amount of debt on all outstanding loans of type i, which is calculated as the aggregate amount of debt on loans of type i, including microcredits of type i issued by microfinance organizations, including amounts of overdue payments on said loans and microcredits;

The amount of debt on an outstanding unsecured consumer loan includes the loan balance (tranche) obtained by the borrower within an open credit line, as well as the utilized credit limit for a credit card, the terms of which provide for lending to a borrower within the credit limit.

New Debt i – the amount of new debt of the borrower for a loan of type i arising in cases provided for in paragraph 30 of the Standards;

Annual Income – the total annual income of the borrower, which is calculated as the average monthly income of the borrower, calculated in accordance with paragraph 26 of the Standards, multiplied by 12 (twelve)."

rephrase the first part of paragraph 31 as follows:

"31. Calculation of the borrower's debt-to-income coefficient for the total debt of the borrower is carried out as follows:

where:

DTI – borrower's debt-to-income coefficient;

Total Debt – the amount of debt on all outstanding loans and microcredits of the borrower, which is calculated as the aggregate amount of debt on all outstanding loans and microcredits of the borrower, including amounts of overdue payments on all outstanding loans and microcredits, loan balance (tranche) obtained by the borrower within an open credit line, as well as the utilized credit limit for a credit card, the terms of which provide for lending to a borrower within the credit limit;

New Debt – the amount of new debt of the borrower arising in cases provided for in paragraph 30 of the Standards;

Annual Income – the total annual income of the borrower, which is calculated as the average monthly income of the borrower, calculated in accordance with paragraph 22 of the Standards, multiplied by 12 (twelve)."

add paragraph 31-1 as follows:

"31-1. The amount of overdue payments on an outstanding loan of a borrower includes the amount of overdue principal debt, overdue remuneration, and the amount of debt written off from the balance sheet of the bank, branch of a non-resident bank of the Republic of Kazakhstan, organization carrying out separate types of banking operations, microfinance organization, as well as information providers.

In the event of issuing a bank loan to a borrower for the purpose of refinancing a previously concluded (concluded) bank loan agreement(s) and/or providing a microcredit, the amount of debt on the outstanding loan and/or microcredit subject to refinancing is not included in the calculation of the amount of debt on all outstanding loans and microcredits of the borrower.

In the event of changing the terms of an open credit line and/or bank loan of a borrower for the purpose of restructuring a previously concluded (concluded) bank loan agreement(s), resulting in an increase in the size of periodic payments for this loan according to the repayment schedule(s) and not involving an increase in the credit limit of the open credit line and/or the size of the bank loan, the amount of overdue payments on the restructured outstanding credit line and/or loan of the borrower is taken as equal to 0 (zero).

Information on the loan, balance of principal debt, balance of remuneration on outstanding loans, credit limit, utilized part of the credit limit, amounts of overdue payments on outstanding loans of the borrower is requested by the bank, branch of a non-resident bank of the Republic of Kazakhstan from the credit bureau in accordance with the Rules and Conditions for Providing Credit Reports.

In the calculation of the amount of debt on all outstanding loans and microcredits of the borrower, balance of principal debt, balance of remuneration on outstanding loans, loan balance (tranche) obtained by the borrower within an open credit line, as well as utilized credit limit for a credit card, the terms of which provide for lending to a borrower within the credit limit, and amount of overdue payments on outstanding loans of the borrower, information provided to the credit bureau by all information providers is included.

Outstanding loans of a borrower include loans specified in the second part of paragraph 30 of the Standards, as well as existing outstanding bank loans and microcredits of the borrower not specified in the second part of paragraph 30 of the Standards."

rephrase paragraph 32 as follows:

"32. A bank, branch of a non-resident bank of the Republic of Kazakhstan for the purpose of monitoring credit risks carries out the calculation of the borrower's debt-to-income coefficient in accordance with paragraphs 30-2 and 31 of the Standards from July 1, 2026, for:

total debt of the borrower;

unsecured consumer loan;

mortgage housing loan;

loan secured by the acquired motor vehicle and/or other collateral."

add paragraph 32-1 as follows:

"32-1. A bank, branch of a non-resident bank of the Republic of Kazakhstan independently determines the borrower's debt-to-income coefficient in accordance with the requirements of paragraphs 30, 30-1, 30-2, 31, 31-1 and 32 of the Standards."

1. The Department of Financial Stability and Research of the National Bank of the Republic of Kazakhstan shall ensure in the manner established by the legislation of the Republic of Kazakhstan:
   1. jointly with the Legal Department of the National Bank of the Republic of Kazakhstan state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;
   2. placement of this resolution on the official website of the National Bank of the Republic of Kazakhstan after its official publication;
   3. within ten working days after state registration of this resolution, submission to the Legal Department of the National Bank of the Republic of Kazakhstan of information on the implementation of the measure provided for in subparagraph 2) of this paragraph.
2. Control over the implementation of this resolution shall be entrusted to the Deputy Chairman of the National Bank of the Republic of Kazakhstan overseeing the relevant area.
3. This resolution[1] shall enter into force upon the expiration of ten calendar days after the day of its first official publication.

Acting Chairman	A.M. Baymaganbetov

Copy is correct:

Chief Specialist-Secretary of the Board Zh. Mukhambetova

1. On Amendments and Additions to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated August 25, 2025 No. 52 "On Establishing Macroprudential Standards and Limits, Their Normative Values and Calculation Methodology" ↑