Resolution of the Board of the National Bank of the Republic of Kazakhstan dated March 11, 2026 No. 18 on Amendments to Resolution No. 52

NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN		RESOLUTION OF THE BOARD
March 11, 2026 Astana city		No. 18 Astana city

On Amendments to the Resolution

of the Board of the National Bank of the Republic of Kazakhstan dated August 25, 2025 No. 52 “On Establishing Macroprudential Norms 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 to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated August 25, 2025 No. 52 “On Establishing Macroprudential Norms and Limits, Their Normative Values, and Calculation Methodology” (registered in the Registry of State Registration of Normative Legal Acts under No. 36722):

rephrase the preamble of the resolution as follows:

“In accordance with subparagraph 1-1) of part four of Article 51-2 of the Law of the Republic of Kazakhstan “On the National Bank of the Republic of Kazakhstan” and Article 73 of the Law of the Republic of Kazakhstan “On Banks and Banking Activity in the Republic of Kazakhstan”, the Board of the National Bank of the Republic of Kazakhstan RESOLVES:

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

rephrase part one of point 1 as follows:

“1. Macroprudential norms and limits, their normative values, and calculation methodology (hereinafter – Norms) are developed in accordance with subparagraph 1-1) of part four of Article 51-2 of the Law of the Republic of Kazakhstan “On the National Bank of the Republic of Kazakhstan” and Article 73 of the Law of the Republic of Kazakhstan “On Banks and Banking Activity in the Republic of Kazakhstan” (hereinafter – Banking Law) and establish macroprudential norms and limits, their normative values, and calculation methodology for banks, branches of banks-non-residents of the Republic of Kazakhstan.”;

rephrase point 3 as follows:

“3. The range of the normative value of the counter-cyclical capital buffer is:

for banks – from 0 (zero) to 3 (three) percent of the sum of assets, contingent and possible liabilities, weighted by credit risk, assets, contingent and possible claims and liabilities, calculated taking into account market risk, operational risk (hereinafter – risk-weighted assets), which are determined by prudential norms for a bank with a universal banking license, a bank with a basic banking license, an Islamic bank, their maximum values, and calculation methodology established by the authorized body for regulation, control, and supervision of the financial market and financial organizations in accordance with part three of point 1 of Article 72 of the Banking Law (hereinafter – Prudential Norms for Banks);

for branches of banks-non-residents of the Republic of Kazakhstan – from 0 (zero) to 3 (three) percent of the sum of assets, contingent and possible liabilities, calculated by credit risk, assets, contingent and possible claims and liabilities, calculated taking into account market risk, operational risk (hereinafter – assets calculated taking into account risk), which are determined by prudential norms and limits for branches of banks-non-residents of the Republic of Kazakhstan, their maximum values, and calculation methodology, including the procedure for forming assets of branches of banks-non-residents of the Republic of Kazakhstan, taken as a reserve, and their minimum size, established by the authorized body for regulation, control, and supervision of the financial market and financial organizations in accordance with part three of point 4 of Article 72 of the Banking Law (hereinafter – Prudential Norms for branches of banks-non-residents of the Republic of Kazakhstan).”;

rephrase points 7 and 8 as follows:

“7. In the event that banks calculate and form the size of the counter-cyclical capital buffer in violation of the Norms, a restriction is imposed on the bank on the use of the bank’s undistributed net income in accordance with the Prudential Norms for Banks regarding the cessation of dividend payments and share buybacks, except for cases provided for by the Law of the Republic of Kazakhstan “On Joint Stock Companies”.

In the event that branches of banks-non-residents of the Republic of Kazakhstan calculate and form the size of the counter-cyclical capital buffer in violation of the Norms, a restriction is imposed on the branch of a bank-non-resident of the Republic of Kazakhstan on the use of its results in accordance with the Prudential Norms for branches of banks-non-residents of the Republic of Kazakhstan regarding the allocation of income to the bank-non-resident of the Republic of Kazakhstan.

8. The values of the capital adequacy coefficients taking into account the counter-cyclical capital buffer are achieved by banks through core capital components, the list of which is established by the Prudential Norms for Banks.

The value of the asset adequacy coefficient, taken as a reserve k1, taking into account the counter-cyclical capital buffer, taken as a reserve, by branches of banks-non-residents of the Republic of Kazakhstan is achieved through asset components, taken as a reserve, provided for by the Prudential Norms for branches of banks-non-residents of the Republic of Kazakhstan.”;

rephrase point 12 as follows:

“12. The range of the normative value of the sectoral counter-cyclical capital buffer is:

for banks – from 0 (zero) to 6 (six) percent of the sum of assets, contingent and possible liabilities of the corresponding lending segment, weighted taking into account credit risk (hereinafter – sectoral risk-weighted assets) in accordance with the Prudential Norms for Banks;

for branches of banks-non-residents of the Republic of Kazakhstan – from 0 (zero) to 6 (six) percent of the sum of assets, contingent and possible liabilities of the corresponding lending segment, calculated by credit risk (hereinafter – sectoral assets calculated taking into account risk) in accordance with the Prudential Norms for branches of banks-non-residents of the Republic of Kazakhstan.”;

rephrase part two of point 14 as follows:

“Raising the normative value of the sectoral counter-cyclical capital buffer is put into effect no earlier than 12 (twelve) months from the date of the decision by the Financial Stability Council of the Republic of Kazakhstan”;

rephrase part one of point 16 as follows:

“16. Banks calculate the size of the sectoral counter-cyclical capital buffer as the product of sectoral risk-weighted assets and the normative value of the sectoral counter-cyclical capital buffer established by point 34 of the Norms.”;

rephrase points 17 and 18 as follows:

“17. In the event that banks calculate and form the size of the sectoral counter-cyclical capital buffer in violation of the Norms, a restriction is imposed on the bank on the use of the bank’s undistributed net income in accordance with the Prudential Norms for Banks regarding the cessation of dividend payments and share buybacks, except for cases provided for by the Law of the Republic of Kazakhstan “On Joint Stock Companies”.

In the event that branches of banks-non-residents of the Republic of Kazakhstan calculate and form the size of the sectoral counter-cyclical capital buffer in violation of the Norms, a restriction is imposed on the branch of a bank-non-resident of the Republic of Kazakhstan on the use of its results in accordance with the Prudential Norms for branches of banks-non-residents of the Republic of Kazakhstan regarding the allocation of income to the bank-non-resident of the Republic of Kazakhstan.

18. The values of the capital adequacy coefficients taking into account the sectoral counter-cyclical capital buffer are achieved by banks through core capital components, the list of which is established by the Prudential Norms for Banks.

The value of the asset adequacy coefficient, taken as a reserve k1, taking into account the sectoral counter-cyclical capital buffer, taken as a reserve, by branches of banks-non-residents of the Republic of Kazakhstan is achieved through asset components, taken as a reserve, provided for by the Prudential Norms for branches of banks-non-residents of the Republic of Kazakhstan.”;

rephrase subparagraph 1) of part two of point 22 as follows:

“1) official income for 6 (six) months preceding the date of the borrower’s application. Official income is understood as the average monthly income calculated based on one or more of the following documents:

an extract from a bank account to which salary and other income from the employer are credited, or information from the database of the Unified Accumulative Pension Fund or the State Corporation “Government for Citizens” regarding mandatory pension contributions, mandatory professional pension contributions of the depositor (recipient), or information from the databases of central executive bodies and legal entities subordinate to them regarding information on the income of individuals minus the amounts of mandatory pension contributions paid, individual income tax;

an extract from a bank account to which pension payments are credited;

an extract from a bank account to which insurance payments under a pension annuity contract, under an annuity insurance contract concluded in accordance with the requirements of the Law of the Republic of Kazakhstan “On Mandatory Insurance of Workers for Accidents Occurring in the Performance of Their Labor (Official) Duties”;

information on the income of a borrower applying a special tax regime in accordance with the Tax Code of the Republic of Kazakhstan (hereinafter – Tax Code):

for individuals applying a special tax regime for self-employed persons – based on information on income reflected in the income registry, formed in a special mobile application or other information on income provided for by the Tax Code;

for individuals – individual entrepreneurs applying a special tax regime based on a simplified declaration – based on information on income minus the amount of expenses and paid amounts of individual income tax, reflected in tax reporting submitted to tax authorities, in accordance with the Tax Code;”.

1. The Department of Financial Stability and Research of the National Bank of the Republic of Kazakhstan shall, in the manner established by the legislation of the Republic of Kazakhstan, ensure:
   1. jointly with the Legal Department of the National Bank of the Republic of Kazakhstan, the state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;
   2. publication 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 the state registration of this resolution, submission to the Legal Department of the National Bank of the Republic of Kazakhstan information on the implementation of the activity provided for by subparagraph 2) of this point.
2. Control over the implementation of this resolution[1] shall be entrusted to the Deputy Chairman of the National Bank of the Republic of Kazakhstan overseeing the matter.
3. This resolution shall enter into force after the day of its first official [publication](jl:37414836.0.1009643847_1" \o "SPRAVKA O POSTANOVLENII PRAVITEL'STVA RK OT 02.08.2023 № 632") and applies to relations arising from March 19, 2026.

Chairman	T.M. Suleimenov

Copy is correct:

Chief Specialist-Secretary of the Board J. Mukhambetova

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