Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 2, 2019 No. 117 on Amendments to Resolution No. 38 on Minimum Reserve Requirements

Registered by the Ministry of Justice of the Republic of Kazakhstan

10.07.2019 No. 19001

REPUBLICAN STATE INSTITUTION
"NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"		DECISION OF THE BOARD
DECISION OF THE BOARD		No. 117
---	---	---
July 2, 2019
Almaty city		Almaty city

On Amendments and Additions to the Decision

of the Board of the National Bank of the Republic of Kazakhstan

dated March 20, 2015 No. 38 "On Approval of the Rules on Minimum Reserve Requirements, Including the Structure of Bank Liabilities Accepted for Calculating Minimum Reserve Requirements, the Procedure for Calculating Minimum Reserve Requirements, Compliance with Minimum Reserve Requirements Standards, Reserving and Conducting Control over Compliance with Minimum Reserve Requirements Standards"

In accordance with the Laws of the Republic of Kazakhstan of March 30, 1995 "On the National Bank of the Republic of Kazakhstan", of March 19, 2010 "On State Statistics", and for the purpose of improving the normative legal acts of the Republic of Kazakhstan, the Board of the National Bank of the Republic of Kazakhstan DECIDES:

1. Make the following amendments and additions to the Decision of the Board of the National Bank of the Republic of Kazakhstan of March 20, 2015 No. 38 "On Approval of the Rules on Minimum Reserve Requirements, Including the Structure of Bank Liabilities Accepted for Calculating Minimum Reserve Requirements, the Procedure for Calculating Minimum Reserve Requirements, Compliance with Minimum Reserve Requirements Standards, Reserving and Conducting Control over Compliance with Minimum Reserve Requirements Standards" (registered in the Registry of State Registration of Normative Legal Acts under No. 10776, published on May 15, 2015 in the informational-legal system "Adilet"):

in the Rules on Minimum Reserve Requirements, including the structure of bank liabilities accepted for calculating minimum reserve requirements, the procedure for calculating minimum reserve requirements, compliance with minimum reserve requirements standards, reserving and conducting control over compliance with minimum reserve requirements standards, approved by the said decision:

rephrase paragraph 4 in the following edition:

"4. The structure of bank liabilities (reserve liabilities) accepted for calculating minimum reserve requirements consists of bank liabilities in national and foreign currencies with a term of up to 1 (one) year (short-term liabilities) and more than 1 (one) year (long-term liabilities), reflected on balance sheet accounts.

The list of short-term liabilities of the bank in national and foreign currencies is defined in Appendix 1 to the Rules.

The list of certain short-term liabilities of the bank in foreign currency is defined in Appendix 2 to the Rules.

The list of long-term liabilities of the bank in national and foreign currencies is defined in Appendix 3 to the Rules.";

exclude paragraphs 5, 6, 7, 8, 9, 10, 11 and 12;

rephrase paragraph 14 in the following edition:

"14. Minimum reserve requirements are calculated by the bank as the sum of reserve requirements:

1) for short-term liabilities in national currency, which are calculated by multiplying the value of the minimum reserve requirements standard for short-term liabilities in national currency by the amount of short-term liabilities of the bank in national currency on a specified date;

2) for long-term liabilities in national currency, which are calculated by multiplying the value of the minimum reserve requirements standard for long-term liabilities in national currency by the amount of long-term liabilities of the bank in national currency on a specified date;

3) for short-term liabilities in foreign currency, which are calculated by multiplying the value of the minimum reserve requirements standard for short-term liabilities in foreign currency by the amount of short-term liabilities of the bank in foreign currency on a specified date;

4) for long-term liabilities in foreign currency, which are calculated by multiplying the value of the minimum reserve requirements standard for long-term liabilities in foreign currency by the amount of long-term liabilities of the bank in foreign currency on a specified date.";

rephrase paragraph 16 in the following edition:

"16. Minimum reserve requirements are calculated based on daily information submitted to the National Bank in accordance with the Instruction on the submission by second-level banks, the Development Bank of Kazakhstan and mortgage organizations to the National Bank of the Republic of Kazakhstan of information for the formation of the financial sector overview, approved by the Decision of the Board of the National Bank of the Republic of Kazakhstan of June 29, 2018 No. 139, registered in the Registry of State Registration of Normative Legal Acts under No. 17274.";

add paragraph 25-1 of the following content:

"25-1. Starting from August 13, 2019, for the fulfillment of minimum reserve requirements, reserve assets are calculated by the bank as the sum of cash in the cash register in national currency in an amount not exceeding 50 (fifty) percent of the average size of minimum reserve requirements for the period of determination of minimum reserve requirements, and the sum of balances in the bank's correspondent accounts in the National Bank in national currency.";

rephrase Appendix 1 in the edition according to Appendix 1 to this decision;

rephrase Appendix 2 in the edition according to Appendix 2 to this decision;

rephrase Appendix 3 in the edition according to Appendix 3 to this decision;

exclude Appendices 4, 5, 6, 7 and 8;

rephrase Appendix 9 in the edition according to Appendix 4 to this decision.

2. The Monetary and Credit Policy Department (Tutushkin V.A.) shall ensure in the manner established by the legislation of the Republic of Kazakhstan:

1. jointly with the Legal Department (Sarsenova N.V.) the state registration of this decision in the Ministry of Justice of the Republic of Kazakhstan;
2. within ten calendar days from the day of state registration of this decision, its sending in Kazakh and Russian languages to the Republican State Enterprise on the right of economic management "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan for official publication and inclusion in the Reference Control Bank of Normative Legal Acts of the Republic of Kazakhstan;
3. posting this decision on the official Internet resource of the National Bank of the Republic of Kazakhstan after its official publication;
4. within ten working days after the state registration of this decision, submission to the Legal Department of information on the execution of measures provided for in subparagraphs 2), 3) of this paragraph and paragraph 3 of this decision.

3. The External Communications Department - Press Service of the National Bank (Adambaeva A.R.) shall ensure within ten calendar days after the state registration of this decision the sending of its copy for official publication in periodical print editions.

4. Control over the execution of this decision shall be entrusted to the Deputy Chairman of the National Bank of the Republic of Kazakhstan Abylkasimova M.E.

5. This decision enters into force after the expiration of ten calendar days from the day of its first official publication and applies to relations arising from July 16, 2019.

Chairman

of the National Bank E. Dosayev

"AGREED"

Committee on Statistics

of the Ministry of National Economy

of the Republic of Kazakhstan

Appendix 1

to the Decision of the Board

of the National Bank of the Republic of Kazakhstan

dated "__"____2019 No. ___

Appendix 1

to the Rules on Minimum Reserve Requirements,

including the structure of bank liabilities,

accepted for calculating minimum reserve requirements,

the procedure for calculating minimum reserve requirements,

compliance with minimum reserve requirements standards,

reserving and conducting control

over compliance with minimum reserve requirements standards

List of short-term liabilities of the bank
in national and foreign currency
Balance sheet account number	Name of balance sheet account
---	---
2012	Correspondent accounts of foreign central banks
2013	Correspondent accounts of other banks
2014	Correspondent accounts of organizations carrying out certain types of banking operations
2022	Demand deposits of foreign central banks
2023	Demand deposits of other banks
2024	Overdue debt on demand deposits of other banks
2034	Short-term loans received from the Government of the Republic of Kazakhstan and local executive bodies of the Republic of Kazakhstan
2038	Overdue debt on loans received from the Government of the Republic of Kazakhstan and local executive bodies of the Republic of Kazakhstan
2044	Short-term loans received from international financial organizations
2048	Overdue debt on loans received from international financial organizations
2054	Short-term loans received from other banks
2058	Overdue debt on loans and financial leasing received from other banks
2064	Short-term loans received from organizations carrying out certain types of banking operations
2068	Overdue debt on loans and financial leasing received from organizations carrying out certain types of banking operations
2112	Overnight loans received from foreign central banks
2113	Overnight loans received from other banks
2122	Time deposits of foreign central banks
2123	Short-term deposits of other banks (up to one month)
2124	Short-term deposits of other banks (up to one year)
2125	Deposits attracted from other banks for one night
2130	Deposit serving as collateral for obligations of other banks
2131	Money escrow account, accepted as collateral (pledge, earnest money) of obligations of other banks
2133	Conditional deposits of other banks
2135	Overdue debt on time deposits of other banks
2138	Overdue debt on conditional deposits of other banks
2201	State budget funds
2202	Uninvested balances on current accounts opened by banks-custodians for voluntary accumulated pension funds and organizations managing investment portfolios
2203	Current accounts of legal entities
2204	Current accounts of individuals
2205	Demand deposits of individuals
2206	Short-term deposits of individuals
2208	Conditional deposits of individuals
2210	Financial assets accepted for trust management
2211	Demand deposits of legal entities
2213	Deposit serving as collateral for obligations of individuals
2215	Short-term deposits of legal entities
2219	Conditional deposits of legal entities
2222	Deposits of special purpose subsidiaries
2223	Deposit serving as collateral for obligations of legal entities
2224	Overdue debt on demand deposits of clients
2225	Overdue debt on other operations with clients
2226	Overdue debt on time deposits of clients
2228	Instructions not executed on time
2231	Overdue debt on deposits of special purpose subsidiaries
2232	Overdue debt on conditional deposits of clients
2237	Money escrow account in accordance with the currency legislation of the Republic of Kazakhstan
2240	Money escrow account, accepted as collateral (pledge, earnest money) of client obligations
2245	Investment deposits
2551	Settlements with other banks
2552	Settlements with clients
2701	Accrued expenses on correspondent accounts
2702	Accrued expenses on demand deposits of other banks
2703	Accrued expenses on loans received from the Government of the Republic of Kazakhstan, local executive bodies of the Republic of Kazakhstan and the national managing holding
2704	Accrued expenses on loans received from international financial organizations
2705	Accrued expenses on loans and financial leasing received from other banks
2706	Accrued expenses on loans and financial leasing received from organizations carrying out certain types of banking operations
2707	Accrued expenses related to the payment of remuneration on the amount of money accepted as collateral (pledge, earnest money) of client obligations
2711	Accrued expenses on overnight loans of other banks
2712	Accrued expenses on time deposits of other banks
2713	Accrued expenses on deposit serving as collateral for obligations of other banks
2714	Accrued expenses on conditional deposits of other banks
2718	Accrued expenses on current accounts of clients
2719	Accrued expenses on conditional deposits of clients
2720	Accrued expenses on demand deposits of clients
2721	Accrued expenses on time deposits of clients
2722	Accrued expenses on deposits of special purpose subsidiaries
2723	Accrued expenses on deposit serving as collateral for client obligations
2727	Accrued expenses on operations with derivative financial instruments
2730	Accrued expenses on securities issued for circulation
2731	Accrued expenses on other operations
2741	Overdue remuneration on received loans and financial leasing
2742	Overdue remuneration on demand deposits
2743	Overdue remuneration on time deposits
2744	Overdue remuneration on securities issued for circulation
2746	Overdue remuneration on conditional deposits
2747	Overdue remuneration on deposit serving as collateral for obligations of other banks and clients
2748	Overdue remuneration on current accounts
2749	Other overdue remuneration
2755	Accrued expenses on financial assets accepted for trust management
2855	Creditors on documentary settlements
2865	Obligations on issued electronic money
2891	Obligations on futures operations
2892	Obligations on forward operations
2893	Obligations on options operations
2894	Obligations on spot operations
2895	Obligations on swap operations
2899	Obligations on operations with other derivative financial instruments

Note: From the composition of reserve liabilities reflected on balance sheet accounts 2013, 2023, 2024, 2054, 2058, 2113, 2123, 2124, 2125, 2130, 2131, 2133, 2135, 2138, 2203, 2210, 2222, 2225, 2237, 2240, 2551, 2701, 2702, 2705, 2707, 2712, 2713, 2714, 2722, 2727, 2730, 2731, 2741, 2742, 2743, 2744, 2746, 2747, 2749, 2755, 2855, 2865, 2891, 2892, 2893, 2894, 2895 and 2899, liabilities to another bank-resident, as well as the National Bank, are excluded.

Appendix 2

to the Decision of the Board

of the National Bank of the Republic of Kazakhstan

dated "__"____2019 No. ___

Appendix 2

to the Rules on Minimum Reserve Requirements,

including the structure of bank liabilities,

accepted for calculating minimum reserve requirements,

the procedure for calculating minimum reserve requirements,

compliance with minimum reserve requirements standards,

reserving and conducting control

over compliance with minimum reserve requirements standards

List of certain short-term liabilities of the bank
in foreign currency
Balance sheet account number	Name of balance sheet account
---	---
2016	Metal accounts of other banks in refined precious metals
2052	Loans received from foreign central banks
2126	Time deposits of other banks in refined precious metals
2212	Metal accounts of clients in refined precious metals
2216	Time deposits of clients in refined precious metals
2708	Accrued expenses on metal accounts of other banks in refined precious metals
2717	Accrued expenses on metal accounts of clients in refined precious metals

Note: From the composition of reserve liabilities reflected on balance sheet accounts 2126 and 2708, liabilities to another bank-resident, as well as the National Bank, are excluded.

Appendix 3

to the Decision of the Board

of the National Bank of the Republic of Kazakhstan

dated "__"____2019 No. ___

Appendix 3

to the Rules on Minimum Reserve Requirements,

including the structure of bank liabilities,

accepted for calculating minimum reserve requirements,

the procedure for calculating minimum reserve requirements,

compliance with minimum reserve requirements standards,

reserving and conducting control

over compliance with minimum reserve requirements standards

List of long-term liabilities of the bank
in national and foreign currency
Balance sheet account number	Name of balance sheet account
---	---
2036	Long-term loans received from the Government of the Republic of Kazakhstan, local executive bodies of the Republic of Kazakhstan and the national managing holding
2046	Long-term loans received from international financial organizations
2056	Long-term loans received from other banks
2057	Financial leasing received from other banks
2066	Long-term loans received from organizations carrying out certain types of banking operations
2067	Financial leasing received from organizations carrying out certain types of banking operations
2127	Long-term deposits of other banks
2207	Long-term deposits of individuals
2217	Long-term deposits of legal entities
2227	Received financial leasing
2230	Overdue debt on received financial leasing
2301	Issued bonds
2303	Issued other securities
2306	Repurchased bonds
2745	Accrued expenses on received financial leasing

Note: From the composition of reserve liabilities reflected on balance sheet accounts 2056, 2057, 2127, 2227, 2301, 2303, 2306 and 2745, liabilities to another bank-resident, as well as the National Bank, are excluded.

Appendix 4

to the Decision of the Board

of the National Bank of the Republic of Kazakhstan

dated "__"____2019 No. ___

Appendix 9

to the Rules on Minimum Reserve Requirements,

including the structure of bank liabilities,

accepted for calculating minimum reserve requirements,

the procedure for calculating minimum reserve requirements,

compliance with minimum reserve requirements standards,

reserving and conducting control

over compliance with minimum reserve requirements standards

Form intended for the collection of administrative data

"Information on the fulfillment of minimum reserve requirements"

Index: MRT

Frequency: every 28 (twenty-eight) days

Submitted by: second-level banks

Submitted to: National Bank of the Republic of Kazakhstan

Submission deadline: no later than the tenth working day following the last day of the period of formation of reserve assets by the bank

Form

Information on the fulfillment of minimum reserve requirements
Bank name	______
Period of determination of minimum reserve requirements		from	______	to	______
Period of formation of reserve assets ______ to ______ in thousands of tenge

Period of determination of minimum reserve requirements	Bank liabilities in national currency		Bank liabilities in foreign currency
Short-term	Long-term	Short-term	Long-term
1	2	3	4	5

continuation of the table:

Minimum reserve requirements for liabilities in national currency		Minimum reserve requirements for liabilities in foreign currency		Total Minimum Reserve Requirements	Period of formation of reserve assets	Reserve Assets
Short-term	Long-term	Short-term	Long-term	(6)+(7)+(8)+(9)
(2)*n1	(3)*n2	(4)*n3	(5)*n4
6	7	8	9	10	11	12

Head of the organization or person authorized by him to sign the report										Surname, first name, patronymic (if any)						(signature)
Chief accountant or person authorized by him to sign the report										Surname, first name, patronymic (if any)						(signature)
Executor	Position, surname, first name, patronymic (if any), signature, phone number
Date of signing the report "___" ______ 20 ___ year
Explanation:
n1 - minimum reserve requirements standard for short-term liabilities of the bank in national currency
n2 - minimum reserve requirements standard for long-term liabilities of the bank in national currency
n3 - minimum reserve requirements standard for short-term liabilities of the bank in foreign currency
n4 - minimum reserve requirements standard for long-term liabilities of the bank in foreign currency

Appendix

to the form intended for the collection

of administrative data

"Information on the fulfillment

of minimum reserve requirements"

Explanation on filling out the form,

intended for the collection of administrative data,

"Information on the fulfillment of minimum reserve requirements"

Chapter 1. General Provisions

1. This Explanation (hereinafter referred to as the Explanation) defines uniform requirements for filling out the form "Information on the fulfillment of minimum reserve requirements" (hereinafter referred to as the Form), intended for the collection of administrative data.

2. The Form is developed in accordance with Article 32 of the Law of the Republic of Kazakhstan of March 30, 1995 "On the National Bank of the Republic of Kazakhstan".

3. The Form is filled out by second-level banks every 28 (twenty-eight) days and submitted to the National Bank of the Republic of Kazakhstan no later than the tenth working day following the last day of the period of formation of reserve assets by the bank.

4. The completed Form is signed by the head of the organization (in his absence - the person performing his duties), the chief accountant and the executor.

Chapter 2. Explanation on filling out the Form

5. The Form presents average values for reserve liabilities and minimum reserve requirements for the period of determining minimum reserve requirements, and average values for reserve assets for the period of forming reserve assets.

6. Data in the Form are indicated in the national currency of the Republic of Kazakhstan – tenge.

7. The unit of measurement used when filling out the form is set in thousands of tenge. An amount of less than five hundred tenge is rounded to zero, and an amount equal to five hundred tenge and above is rounded to one thousand tenge.

Approved

by the resolution of the Board

of the National Bank

of the Republic of Kazakhstan

dated March 20, 2015 No. 38

Rules

on minimum reserve requirements, including the structure of bank liabilities accepted for the calculation of minimum reserve requirements, the procedure for calculating minimum reserve requirements, compliance with minimum reserve requirements standards, reservation and control over compliance with minimum reserve requirements standards

(With amendments and additions:

1. NB RK Board Resolution No. 180 dated 12.10.2015 (reg. No. 3615)
2. NB RK Board Resolution No. 52 dated 28.01.2016 (reg. No. 3659)
3. NB RK Board Resolution No. 247 dated 22.12.2017 (reg. No. 3934)
4. NB RK Board Resolution No. 157 dated 30.07.2018 (reg. No. 4019)
5. NB RK Board Resolution No. 159 dated 30.07.2018 (reg. No. 3993)
6. NB RK Board Resolution No. 117 dated 02.07.2019 (reg. No. 4123))

Rules on minimum reserve requirements, including the structure of bank liabilities accepted for the calculation of minimum reserve requirements, the procedure for calculating minimum reserve requirements, compliance with minimum reserve requirements standards, reservation and control over compliance with minimum reserve requirements standards (hereinafter - Rules) are developed in accordance with the Law of the Republic of Kazakhstan dated March 30, 1995 "On the National Bank of the Republic of Kazakhstan" and define minimum reserve requirements, including the structure of bank liabilities accepted for the calculation of minimum reserve requirements, the procedure for calculating minimum reserve requirements, compliance with minimum reserve requirements standards, reservation and control over compliance with minimum reserve requirements standards.

1. Minimum reserve requirements. Structure of bank liabilities accepted for the calculation of minimum reserve requirements

1. Minimum reserve requirements are the mandatory share of the sum of liabilities of a second-level bank (hereinafter - bank), which the bank maintains in the form of cash in its cash register in the national currency and money in correspondent accounts in the National Bank of the Republic of Kazakhstan (hereinafter - National Bank) in the national currency (reserve assets).

2. To determine minimum reserve requirements for each bank, minimum reserve requirements standards are used.

3. Minimum reserve requirements standards for liabilities are the share in percent of the sum of liabilities, the list of which is established by the Rules.

4. The structure of bank liabilities (reserve liabilities) accepted for the calculation of minimum reserve requirements consists of bank liabilities in national and foreign currency with a term of up to 1 (one) year (short-term liabilities) and more than 1 (one) year (long-term liabilities), reflected in balance sheet accounts.

The list of short-term liabilities of the bank in national and foreign currency is defined in Appendix 1 to the Rules.

The list of certain short-term liabilities of the bank in foreign currency is defined in Appendix 2 to the Rules.

The list of long-term liabilities of the bank in national and foreign currency is defined in Appendix 3 to the Rules.

5. Deleted.

6. Deleted.

7. Deleted.

8. Deleted.

9. Deleted.

10. Deleted.

11. Deleted.

12. Deleted.

13. Minimum reserve requirements standards are established by the Board of the National Bank separately for each type of reserve liability in accordance with the structure of liabilities accepted for the calculation of minimum reserve requirements specified in paragraph 4 of the Rules.

14. Minimum reserve requirements are calculated by the bank as the sum of reserve requirements:

1) for short-term liabilities in the national currency, which are calculated by multiplying the value of the minimum reserve requirements standard for short-term liabilities in the national currency by the amount of short-term liabilities of the bank in the national currency on a specified date;

2) for long-term liabilities in the national currency, which are calculated by multiplying the value of the minimum reserve requirements standard for long-term liabilities in the national currency by the amount of long-term liabilities of the bank in the national currency on a specified date;

3) for short-term liabilities in foreign currency, which are calculated by multiplying the value of the minimum reserve requirements standard for short-term liabilities in foreign currency by the amount of short-term liabilities of the bank in foreign currency on a specified date;

4) for long-term liabilities in foreign currency, which are calculated by multiplying the value of the minimum reserve requirements standard for long-term liabilities in foreign currency by the amount of long-term liabilities of the bank in foreign currency on a specified date.

15. When calculating reserve liabilities, the bank takes into account the sum of liabilities for principal debt, remuneration and overdue debt (if any) on them.

16. Minimum reserve requirements are calculated based on daily information submitted to the National Bank in accordance with the Instruction on the submission by second-level banks, the Development Bank of Kazakhstan and mortgage organizations to the National Bank of the Republic of Kazakhstan of information for the formation of a financial sector overview, approved by the resolution of the Board of the National Bank of the Republic of Kazakhstan dated June 29, 2018 No. 139, registered in the Registry of state registration of normative legal acts under No. 17274.

2. Conditions for the bank's compliance with minimum reserve requirements standards and the procedure for their reservation

17. To meet minimum reserve requirements, the bank places money in reserve assets. The average value of reserve assets over the period of their formation is not less than the average size of minimum reserve requirements over the period of determining minimum reserve requirements.

18. From May 12, 2015 to June 22, 2015, to meet minimum reserve requirements, reserve assets are calculated by the bank as the sum of cash in the cash register in the national currency and the sum of balances in the bank's correspondent accounts in the National Bank in the national currency.

19. From June 23, 2015 to January 4, 2016, to meet minimum reserve requirements, reserve assets are calculated by the bank as the sum of cash in the cash register in the national currency in an amount not exceeding 70 (seventy) percent of the average size of minimum reserve requirements over the period of determining minimum reserve requirements, and the sum of balances in the bank's correspondent accounts in the National Bank in the national currency.

20. From January 5, 2016, to meet minimum reserve requirements, reserve assets are calculated by the bank as the sum of cash in the cash register in the national currency and balances in the bank's correspondent accounts in the National Bank in the national currency.

21. From May 12, 2015 to June 22, 2015, the period for determining minimum reserve requirements is fourteen calendar days, starting from the first Tuesday of the week and ending on the last Monday of the fourteen-day period for determining minimum reserve requirements.

22. From June 23, 2015, the period for determining minimum reserve requirements is twenty-eight calendar days, starting from the first Tuesday of the week and ending on the last Monday of the twenty-eight-day period for determining minimum reserve requirements.

23. From May 12, 2015 to June 22, 2015, the period for forming reserve assets is fourteen calendar days, starting from the first Thursday of the week in which the period for determining minimum reserve requirements begins, and ending on Wednesday of the week in which the period for determining minimum reserve requirements ends.

24. From June 23, 2015, the period for forming reserve assets is twenty-eight calendar days, starting from the first Tuesday of the week following the completion of the period for determining minimum reserve requirements, and ending on the last Monday of the twenty-eight-day period for forming reserve assets.

25. For the period of forming reserve assets from June 23, 2015 to July 20, 2015, the period for determining minimum reserve requirements is twenty-eight calendar days: from May 26, 2015 to June 22, 2015.

25-1. From August 13, 2019, to meet minimum reserve requirements, reserve assets are calculated by the bank as the sum of cash in the cash register in the national currency in an amount not exceeding 50 (fifty) percent of the average size of minimum reserve requirements over the period of determining minimum reserve requirements, and the sum of balances in the bank's correspondent accounts in the National Bank in the national currency.

26. The bank submits information on compliance with minimum reserve requirements standards to the National Bank in electronic format according to Appendix 9 to the Rules.

27. Information on compliance with minimum reserve requirements standards on paper is signed by the first head, chief accountant or persons authorized by them to sign the report and the executor and is stored in the bank.

Appendix 1

to the Rules on minimum reserve requirements,

including the structure of bank liabilities,

accepted for the calculation of minimum reserve requirements,

the procedure for calculating minimum reserve requirements,

compliance with minimum reserve requirements standards,

reservation and control

over compliance with minimum reserve requirements standards

List of short-term liabilities of the bank in national and foreign currency
Balance sheet account number	Name of balance sheet account
2012	Correspondent accounts of foreign central banks
2013	Correspondent accounts of other banks
2014	Correspondent accounts of organizations carrying out certain types of banking operations
2022	Demand deposits of foreign central banks
2023	Demand deposits of other banks
2024	Overdue debt on demand deposits of other banks
2034	Short-term loans received from the Government of the Republic of Kazakhstan and local executive bodies of the Republic of Kazakhstan
2038	Overdue debt on loans received from the Government of the Republic of Kazakhstan and local executive bodies of the Republic of Kazakhstan
2044	Short-term loans received from international financial organizations
2048	Overdue debt on loans received from international financial organizations
2054	Short-term loans received from other banks
2058	Overdue debt on loans and financial leasing received from other banks
2064	Short-term loans received from organizations carrying out certain types of banking operations
2068	Overdue debt on loans and financial leasing received from organizations carrying out certain types of banking operations
2112	Overnight loans received from foreign central banks
2113	Overnight loans received from other banks
2122	Time deposits of foreign central banks
2123	Short-term deposits of other banks (up to one month)
2124	Short-term deposits of other banks (up to one year)
2125	Deposits attracted from other banks for one night
2130	Deposit serving as collateral for obligations of other banks
2131	Money storage account, accepted as collateral (pledge, earnest money) of obligations of other banks
2133	Conditional deposits of other banks
2135	Overdue debt on time deposits of other banks
2138	Overdue debt on conditional deposits of other banks
2201	State budget funds
2202	Uninvested balances on current accounts opened by banks-custodians for voluntary accumulated pension funds and organizations carrying out investment portfolio management
2203	Current accounts of legal entities
2204	Current accounts of individuals
2205	Demand deposits of individuals
2206	Short-term deposits of individuals
2208	Conditional deposits of individuals
2210	Financial assets accepted for trust management
2211	Demand deposits of legal entities
2213	Deposit serving as collateral for obligations of individuals
2215	Short-term deposits of legal entities
2219	Conditional deposits of legal entities
2222	Deposits of special purpose subsidiaries
2223	Deposit serving as collateral for obligations of legal entities
2224	Overdue debt on demand deposits of clients
2225	Overdue debt on other operations with clients
2226	Overdue debt on time deposits of clients
2228	Instructions not executed on time
2231	Overdue debt on deposits of special purpose subsidiaries
2232	Overdue debt on conditional deposits of clients
2237	Money storage account of the sender in accordance with the currency legislation of the Republic of Kazakhstan
2240	Money storage account, accepted as collateral (pledge, earnest money) of client obligations
2245	Investment deposits
2551	Settlements with other banks
2552	Settlements with clients
2701	Accrued expenses on correspondent accounts
2702	Accrued expenses on demand deposits of other banks
2703	Accrued expenses on loans received from the Government of the Republic of Kazakhstan, local executive bodies of the Republic of Kazakhstan and the national managing holding
2704	Accrued expenses on loans received from international financial organizations
2705	Accrued expenses on loans and financial leasing received from other banks
2706	Accrued expenses on loans and financial leasing received from organizations carrying out certain types of banking operations
2707	Accrued expenses related to the payment of remuneration on the amount of money accepted as collateral (pledge, earnest money) of client obligations
2711	Accrued expenses on overnight loans of other banks
2712	Accrued expenses on time deposits of other banks
2713	Accrued expenses on the deposit serving as collateral for obligations of other banks
2714	Accrued expenses on conditional deposits of other banks
2718	Accrued expenses on current accounts of clients
2719	Accrued expenses on conditional deposits of clients
2720	Accrued expenses on demand deposits of clients
2721	Accrued expenses on time deposits of clients
2722	Accrued expenses on deposits of special purpose subsidiaries
2723	Accrued expenses on the deposit serving as collateral for client obligations
2727	Accrued expenses on operations with derivative financial instruments
2730	Accrued expenses on securities issued for circulation
2731	Accrued expenses on other operations
2741	Overdue remuneration on received loans and financial leasing
2742	Overdue remuneration on demand deposits
2743	Overdue remuneration on time deposits
2744	Overdue remuneration on securities issued for circulation
2746	Overdue remuneration on conditional deposits
2747	Overdue remuneration on the deposit serving as collateral for obligations of other banks and clients
2748	Overdue remuneration on current accounts
2749	Other overdue remuneration
2755	Accrued expenses on financial assets accepted for trust management
2855	Creditors on documentary settlements
2865	Liabilities on issued electronic money
2891	Liabilities on futures operations
2892	Liabilities on forward operations
2893	Liabilities on option operations
2894	Liabilities on spot operations
2895	Liabilities on swap operations
2899	Liabilities on operations with other derivative financial instruments

Note: from the composition of reservable liabilities reflected in balance sheet accounts 2013, 2023, 2024, 2054, 2058, 2113, 2123, 2124, 2125, 2130, 2131, 2133, 2135, 2138, 2203, 2210, 2222, 2225, 2237, 2240, 2551, 2701, 2702, 2705, 2707, 2712, 2713, 2714, 2722, 2727, 2730, 2731, 2741, 2742, 2743, 2744, 2746, 2747, 2749, 2755, 2855, 2865, 2891, 2892, 2893, 2894, 2895 and 2899, liabilities to another bank-resident, as well as the National Bank, are excluded.

Appendix 2

to the Rules on minimum reserve requirements,

including the structure of bank liabilities,

accepted for the calculation of minimum reserve requirements,

the procedure for calculating minimum reserve requirements,

compliance with minimum reserve requirements standards,

reservation and control

over compliance with minimum reserve requirements standards

List of certain short-term liabilities of the bank in foreign currency
Balance sheet account number	Name of balance sheet account
2016	Metal accounts of other banks in refined precious metals
2052	Loans received from foreign central banks
2126	Time deposits of other banks in refined precious metals
2212	Metal accounts of clients in refined precious metals
2216	Time deposits of clients in refined precious metals
2708	Accrued expenses on metal accounts of other banks in refined precious metals
2717	Accrued expenses on metal accounts of clients in refined precious metals

Note: from the composition of reservable liabilities reflected in balance sheet accounts 2126 and 2708, liabilities to another bank-resident, as well as the National Bank, are excluded.

Appendix 3

to the Rules on minimum reserve requirements,

including the structure of bank liabilities,

accepted for the calculation of minimum reserve requirements,

the procedure for calculating minimum reserve requirements,

compliance with minimum reserve requirements standards,

reservation and control

over compliance with minimum reserve requirements standards

List of long-term liabilities of the bank in national and foreign currency
Balance sheet account number	Name of balance sheet account
2036	Long-term loans received from the Government of the Republic of Kazakhstan, local executive bodies of the Republic of Kazakhstan and the national managing holding
2046	Long-term loans received from international financial organizations
2056	Long-term loans received from other banks
2057	Financial leasing received from other banks
2066	Long-term loans received from organizations carrying out certain types of banking operations
2067	Financial leasing received from organizations carrying out certain types of banking operations
2127	Long-term deposits of other banks
2207	Long-term deposits of individuals
2217	Long-term deposits of legal entities
2227	Received financial leasing
2230	Overdue debt on received financial leasing
2301	Bonds issued for circulation
2303	Other securities issued for circulation
2306	Repurchased bonds
2745	Accrued expenses on received financial leasing

Note: from the composition of reservable liabilities reflected in balance sheet accounts 2056, 2057, 2127, 2227, 2301, 2303, 2306 and 2745, liabilities to another bank-resident, as well as the National Bank, are excluded.

Appendix 4 is deleted in accordance with the [Resolution](jl:36990767.2.1006557269_0 "Resolution of the Board of the National Bank of the Republic of Kazakhstan dated October 29, 2018 No. 257 "On Amendments to Some Normative Legal Acts of the Republic of Kazakhstan on Banking Activities and Declaring Some Norms Invalid") of the Board of the National Bank of the Republic of Kazakhstan dated July 2, 2019 No. 117

Appendix 5 is deleted in accordance with the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 2, 2019 No. 117

Appendix 6 is deleted in accordance with the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 2, 2019 No. 117

Appendix 7 is deleted in accordance with the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 2, 2019 No. 117

Appendix 8 is deleted in accordance with the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 2, 2019 No. 117

Appendix 9

to the Rules on minimum reserve requirements,

including the structure of bank liabilities,

accepted for the calculation of minimum reserve requirements,

the procedure for calculating minimum reserve requirements,

compliance with minimum reserve requirements standards,

reservation and control

over compliance with minimum reserve requirements standards

Form intended for the collection of administrative data

"Information on compliance with minimum reserve requirements"

Index: MRT

Frequency: every 28 (twenty-eight) days

Submitted by: second-level banks

Submitted to: National Bank of the Republic of Kazakhstan

Submission deadline: no later than the tenth working day following the last day of the period of forming reserve assets by the bank

Form

Information on compliance with minimum reserve requirements
Name of the bank	______
Period for determining minimum reserve requirements		from	______	to	______
Period of forming reserve assets ______ to ______ in thousands of tenge

Period for determining minimum reserve requirements	Bank liabilities in national currency		Bank liabilities in foreign currency
Short-term	Long-term	Short-term	Long-term
1	2	3	4	5

continuation of the table:

Minimum reserve requirements for liabilities in national currency		Minimum reserve requirements for liabilities in foreign currency		Total Minimum Reserve Requirements	Period of forming reserve assets	Reserve Assets
Short-term	Long-term	Short-term	Long-term	(6)+(7)+(8)+(9)
(2)*n1	(3)*n2	(4)*n3	(5)*n4
6	7	8	9	10	11	12

First Head or Person Authorized by Him to Sign the Report										Surname, First Name, Patronymic (if any)						(Signature)
Chief Accountant or Person Authorized by Him to Sign the Report
Executor	Position, Surname, First Name, Patronymic (if any), Signature, Phone Number
Date of Signing the Report "" ______ 20 Year
Explanation:
n1 - Minimum reserve requirement ratio for the bank's short-term liabilities in national currency
n2 - Minimum reserve requirement ratio for the bank's long-term liabilities in national currency
n3 - Minimum reserve requirement ratio for the bank's short-term liabilities in foreign currency
n4 - Minimum reserve requirement ratio for the bank's long-term liabilities in foreign currency

Appendix
to the form intended for the collection of administrative data "Information on the fulfillment of minimum reserve requirements"

Explanation on filling out the form intended for the collection of administrative data, "Information on the fulfillment of minimum reserve requirements"

Chapter 1. General Provisions

1. This Explanation (hereinafter – the Explanation) defines the unified requirements for filling out the form "Information on the fulfillment of minimum reserve requirements" (hereinafter – the Form), intended for the collection of administrative data.

2. The Form is developed in accordance with Article 32 of the Law of the Republic of Kazakhstan dated March 30, 1995 "On the National Bank of the Republic of Kazakhstan".

3. The Form is filled out by second-level banks every 28 (twenty-eight) days and submitted to the National Bank of the Republic of Kazakhstan no later than the tenth working day following the last day of the period of formation of reserve assets by the bank.

4. The completed Form is signed by the first head (during his absence – the person performing his duties), the chief accountant, and the executor.

Chapter 2. Explanation on Filling out the Form

5. The Form presents average values for reserve liabilities and minimum reserve requirements for the period of determination of minimum reserve requirements, and average values for reserve assets for the period of formation of reserve assets.

6. Data in the Form are indicated in the national currency of the Republic of Kazakhstan – tenge.

7. The unit of measurement used when filling out the form is established in thousands of tenge. An amount less than five hundred tenge is rounded to zero, and an amount equal to five hundred tenge and above is rounded to one thousand tenge.