Resolution of the Board of the National Bank of the Republic of Kazakhstan No. 229 of November 29, 2019 "On Approval of the Rules on Minimum Reserve Requirements"

Registered in the Ministry of Justice of the Republic of Kazakhstan December 3, 2019 No. 19679

Controlled until 20.07.2026

REPUBLICAN STATE INSTITUTION
"NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"		REPUBLICAN STATE INSTITUTION "NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"
RESOLUTION OF THE BOARD		RESOLUTION OF THE BOARD
---	---	---
November 29, 2019
Almaty city		No. 229
Almaty city

On Approval of the

Rules on Minimum Reserve Requirements

(With amendments and additions:

1. Resolution of the Board of the NB RK of 15.06.2020 No. 77;
2. Resolution of the Board of the NB RK of 30.11.2020 No. 135;
3. Resolution of the Board of the NB RK of 24.01.2022 No. 2;
4. Resolution of the Board of the NB RK of 21.11.2022 No. 98;
5. Resolution of the Board of the NB RK of 27.11.2023 No. 87;
6. Resolution of the Board of the NB RK of 25.07.2025 No. 44;
7. Resolution of the Board of the NB RK of 31.03.2026 No. 30;
8. Resolution of the Board of the NB RK of 30.06.2026 No. 75)

In accordance with Part 2 of Article 32 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan", the Board of the National Bank of the Republic of Kazakhstan RESOLVES:

1. Approve the attached Rules on Minimum Reserve Requirements.

2. Recognize as invalid certain resolutions of the Board of the National Bank of the Republic of Kazakhstan, as well as structural elements of certain resolutions of the Board of the National Bank of the Republic of Kazakhstan, according to the list attached to this resolution.

3. The Monetary 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 (Kasenov A.S.) the state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2. publication of this resolution on the official Internet resource 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 information on the implementation of measures provided for in subparagraph 2) of this paragraph and paragraph 4 of this resolution.

4. 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 resolution, sending a copy of it for official publication in periodical printed editions.

5. Control over the implementation of this resolution shall be entrusted to the Deputy Chairman of the National Bank of the Republic of Kazakhstan Abylkasimova M.E.

6. This resolution is subject to official publication and enters into force on January 28, 2020.

Chairman of the National Bank	E. Dosayev

"AGREED"

Committee on Statistics
Ministry of National Economy
Republic of Kazakhstan

Approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan of "29" November 2019 No. 229

Rules

on Minimum Reserve Requirements

Chapter 1. General Provisions

1. These Rules on Minimum Reserve Requirements (hereinafter - Rules) are developed in accordance with Part 2 of Article 32 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan" and define the structure of liabilities of second-level banks, branches of non-resident banks of the Republic of Kazakhstan (hereinafter - bank), as well as the National Post Operator and other organizations carrying out certain types of banking operations, having the right to accept deposits, open and maintain bank accounts of individuals and/or legal entities and having access to operations of the National Bank of Kazakhstan (hereinafter - organization), accepted for the calculation of minimum reserve requirements, the procedure for calculating minimum reserve requirements, fulfilling minimum reserve requirements, reserving and carrying out control over the fulfillment of minimum reserve requirements.

2. For the purposes of these Rules, the following terms are used:

1. minimum reserve requirements - the mandatory volume of funds maintained by a bank or organization in reserve assets during the period of formation of reserve assets;

2. period for determining minimum reserve requirements (hereinafter - determination period) - the period of time for which the liabilities of a bank or organization accepted for the calculation of minimum reserve requirements and the amount of minimum reserve requirements are calculated;

3. minimum reserve requirement ratio - a coefficient expressed as a percentage applied to the liabilities of a bank or organization accepted for the calculation of minimum reserve requirements;

4. schedule of periods - a schedule of determination periods and formation periods for banks and organizations for the current calendar year, which is published on the official Internet resource of the National Bank of the Republic of Kazakhstan no later than the tenth working day of the first month of the current year;

5. reserve assets - funds of a bank or organization in national currency used to fulfill minimum reserve requirements;

6. period of formation of reserve assets (hereinafter - formation period) - the period of time during which a bank or organization maintains reserve assets to fulfill minimum reserve requirements.

Chapter 2. Structure of bank liabilities

accepted for the calculation of minimum reserve requirements,

and procedure for calculating minimum reserve requirements of a bank

3. The structure of bank liabilities accepted for the calculation of minimum reserve requirements consists of bank liabilities in national and foreign currency:

first category of liabilities; second category of liabilities; third category of liabilities.

4. Bank liabilities accepted for the calculation of minimum reserve requirements include liabilities for principal debt and remuneration, including overdue debt (if any) on principal debt and remuneration.

5. The determination period is twenty-eight calendar days, begins on the first Tuesday and ends on the last Monday of the twenty-eight-day determination period.

6. Minimum reserve requirement ratios are established separately for each category of bank liabilities accepted for the calculation of minimum reserve requirements.

7. In calculating the volume of minimum reserve requirements, bank liabilities accounted for on balance sheet accounts of the Standard Chart of Accounts in second-level banks, mortgage organizations, the Joint Stock Company "Development Bank of Kazakhstan" and branches of non-resident banks of the Republic of Kazakhstan, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan of January 31, 2011 No. 3 "On Approval of the Standard Chart of Accounts in second-level banks, mortgage organizations, the Joint Stock Company "Development Bank of Kazakhstan" and branches of non-resident banks of the Republic of Kazakhstan" (registered in the Registry of State Registration of Regulatory Legal Acts of the Republic of Kazakhstan under No. 6793) (hereinafter - Standard Chart of Accounts) are taken into account.

When determining the volume of minimum reserve requirements for each category of bank liabilities accepted for the calculation of minimum reserve requirements, the average value of the corresponding bank liabilities over the determination period is calculated (arithmetic mean).

The first category of bank liabilities accepted for the calculation of minimum reserve requirements is defined in accordance with Appendix 1 to the Rules.

The second category of bank liabilities accepted for the calculation of minimum reserve requirements is defined in accordance with Appendix 2 to the Rules and paragraph 7-1 of the Rules.

The third category of bank liabilities accepted for the calculation of minimum reserve requirements is defined in accordance with Appendix 3 to the Rules and paragraph 7-3 of the Rules.

7-1. The second category of bank liabilities accepted for the calculation of minimum reserve requirements is determined as the calculated amount of bank liabilities for repurchase agreements taking into account the bank's claims for reverse repurchase agreements and interbank money market operations (hereinafter - calculated amount for repurchase agreements), multiplied by the adjustment coefficient for repurchase agreements, determined in accordance with paragraph 7-2 of the Rules.

The calculated amount for repurchase agreements is determined as the positive difference between the average over the determination period of the sum of the bank's liabilities for repurchase agreements and the sum of the bank's claims for reverse repurchase agreements and interbank money market operations.

7-2. The adjustment coefficient for repurchase agreements in national currency, the value of which is in the interval from 0 to 1 with a precision of 2 (two) decimal places, is determined as the average over the calendar year share of daily open positions of non-bank buyers for repurchase agreements in the total volume of open positions for repurchase agreements carried out in national currency on the Kazakhstan Stock Exchange (hereinafter - KSE). Non-bank buyers for repurchase agreements include all buyers for repurchase agreements except banks and the National Bank of the Republic of Kazakhstan carrying out repurchase agreements on their own behalf and at their own expense.

The adjustment coefficient for repurchase agreements in national currency is calculated by the KSE based on the results of the past calendar year, published on the official Internet resource of the KSE no later than the tenth working day of the first month of the current year and applied during the current year, starting from the first determination period of the current year.

The adjustment coefficient for repurchase agreements in foreign currency is taken equal to 1 (one).

7-3. The third category of bank liabilities accepted for the calculation of minimum reserve requirements includes bank liabilities for bonds issued by the bank, provided that the following conditions are met:

the term of circulation of bonds is at least 3 (three) years;

there is no holder option for early (full) or partial redemption (buyback) of bonds;

bonds are not used for managing client liquidity, including they are not bought back by the issuer at the initiative or request of individual holders;

bonds are not used as an alternative to placing funds of individual clients (for example, in the event of a outflow of large client deposits).

The bank sends a notification to the National Bank of the Republic of Kazakhstan about bonds included in the third category of bank liabilities, in accordance with Appendix 3-1 to the Rules (hereinafter - Notification), which confirms the compliance of the issuance of such bonds with the conditions specified in this paragraph. The Notification is sent via the digital system "Web Portal of the National Bank of the Republic of Kazakhstan".

Bank liabilities for issued bonds are included in the third category of bank liabilities accepted for the calculation of minimum reserve requirements, starting from the determination period following the date of sending the Notification.

In the event of the bank's failure to comply with the condition(s) specified in this paragraph, liabilities for bonds included in the Notification are included in the first category of bank liabilities accepted for the calculation of minimum reserve requirements, starting from the determination period during which such non-compliance is identified.

8. Minimum reserve requirements for each category of bank liabilities accepted for the calculation of minimum reserve requirements are calculated by multiplying the average value of each category of bank liabilities accepted for the calculation of minimum reserve requirements, the calculation procedure for which is defined in paragraph 7 of the Rules, by the minimum reserve requirement ratio for the corresponding category of liabilities.

9. Minimum reserve requirements are calculated by summing the indicators of minimum reserve requirements for each category of bank liabilities accepted for the calculation of minimum reserve requirements.

For banks, in the liabilities of which state support funds are accounted for, minimum reserve requirements are increased by an amount equal to 10 (ten) percent of the sum of state support funds to be returned (sum of principal debt without taking into account remuneration as of the last day of the determination period).

For the purposes of these Rules, state support funds mean bank liabilities for deposits, bonds, loans (hereinafter - debt instruments) placed, acquired or provided to the bank before January 1, 2025, using funds of the state budget of the Republic of Kazakhstan, the National Fund of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan and/or its subsidiaries to ensure financial stability and/or rehabilitation of the bank, and on which there is income from initial recognition and/or change of liability conditions, including change of interest rate, amount, type and/or term of the debt instrument.

State support funds do not include bank liabilities for debt instruments placed, acquired or provided to the bank using funds of the state budget of the Republic of Kazakhstan, the National Fund of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan and/or its subsidiaries, including through quasi-state sector entities, for the purpose of supporting business entities in various sectors of the economy and/or mortgage lending and/or refinancing of mortgage housing loans (mortgage loans).

10. Minimum reserve requirements are calculated based on the following daily and monthly reports submitted to the National Bank of the Republic of Kazakhstan:

1. report on balances on balance sheet and off-balance sheet accounts in accordance with Appendix 1 to the Rules on reporting by second-level banks, branches of non-resident banks of the Republic of Kazakhstan and the Joint Stock Company "Development Bank of Kazakhstan", approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan of December 2, 2025 No. 88 "On Approval of the Rules on reporting by second-level banks, branches of non-resident banks of the Republic of Kazakhstan and the Joint Stock Company "Development Bank of Kazakhstan" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 37562) (hereinafter - Rules No. 88);

2. report on separate indicators of bank activity in accordance with Appendix 4 to Rules No. 88.

Chapter 3. Procedure for a bank to fulfill minimum reserve requirements, reserving and carrying out control over the fulfillment of minimum reserve requirements by a bank

11. Fulfillment of minimum reserve requirements by a bank is carried out from the date of issuance of a license by the authorized body for regulation, control and supervision of the financial market and financial organizations for carrying out banking operations and ceases with the deprivation of a license by the authorized body for regulation, control and supervision of the financial market and financial organizations for carrying out banking operations.

12. The formation period is twenty-eight calendar days, begins on the first Tuesday following the completion of the determination period and ends on the last Monday of the twenty-eight-day formation period.

13. To fulfill minimum reserve requirements, a bank reserves funds in national currency on the correspondent account in the National Bank of the Republic of Kazakhstan and in the form of cash in the bank's cash office during the formation period.

Bank reserve assets are determined in accordance with Appendix 3-2 to the Rules based on the report specified in subparagraph 1) of paragraph 10 of the Rules and are calculated during the formation period as the sum of:

1. the average balance on the bank's correspondent account in the National Bank of the Republic of Kazakhstan in national currency;

2. the average value of cash in national currency in the bank's cash office in an amount not exceeding 25 (twenty-five) percent of the minimum reserve requirements for the corresponding determination period.

14. The average value of reserve assets over the formation period is not less than the size of minimum reserve requirements calculated for this period.

15. The status of fulfillment of minimum reserve requirements is formed in the digital system "Web Portal of the National Bank of the Republic of Kazakhstan" after the bank submits the report specified in subparagraph 1) of paragraph 10 of the Rules for the last working day of the formation period.

16. The National Bank of the Republic of Kazakhstan carries out control over the fulfillment of minimum reserve requirements by a bank by forming information on the fulfillment of minimum reserve requirements in the form specified in Appendix 4 to the Rules on the seventh working day following the last day of the formation period, based on the reports submitted by the bank specified in paragraph 10 of the Rules.

17. Deleted.

Chapter 4. Structure of organization liabilities

accepted for the calculation of minimum reserve requirements

and procedure for calculating minimum reserve requirements of an organization

18. The structure of organization liabilities accepted for the calculation of minimum reserve requirements consists of organization liabilities in national and foreign currency:

first category of liabilities; second category of liabilities; third category of liabilities.

In calculating the volume of minimum reserve requirements, organization liabilities for principal debt and remuneration, including overdue debt (if any) on principal debt and remuneration, accounted for on balance sheet accounts of the Standard Chart of Accounts for individual subjects of the financial market of the Republic of Kazakhstan, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan of September 22, 2008 No. 79 "On Approval of the Standard Chart of Accounts for individual subjects of the financial market of the Republic of Kazakhstan" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 5348) are taken into account.

The first category of organization liabilities accepted for the calculation of minimum reserve requirements is determined in accordance with Appendix 5 to the Rules.

The second category of organization liabilities accepted for the calculation of minimum reserve requirements is determined in accordance with Appendix 6 to the Rules and is calculated as the sum of organization liabilities for repurchase agreements taking into account the organization's claims for reverse repurchase agreements and interbank money market operations (hereinafter - calculated amount for repurchase agreements of the organization), multiplied by the adjustment coefficient for repurchase agreements, determined in accordance with paragraph 7-2 of the Rules.

The calculated amount for repurchase agreements of the organization is determined as the positive difference between the average over the determination period (arithmetic mean by start and end dates of the determination period) of the sum of the organization's liabilities for repurchase agreements and the sum of the organization's claims for reverse repurchase agreements and interbank money market operations.

The third category of organization liabilities accepted for the calculation of minimum reserve requirements is determined in accordance with Appendix 7 to the Rules and includes organization liabilities for bonds issued by the organization, provided that the conditions specified in paragraphs two, three, four and five of Part 1 of paragraph 7-3 of the Rules are met.

The organization sends a notification to the National Bank of the Republic of Kazakhstan about bonds included in the third category of organization liabilities, in accordance with Appendix 8 of the Rules (hereinafter - Notification of the organization), via the digital system "Web Portal of the National Bank of the Republic of Kazakhstan", which confirms the compliance of the issuance of such bonds with the conditions specified in this paragraph.

Organization liabilities for issued bonds are included in the third category of organization liabilities accepted for the calculation of minimum reserve requirements, starting from the determination period following the date of sending the Notification of the organization.

In the event of the organization's failure to comply with the condition(s) specified in this paragraph, liabilities for bonds included in the Notification of the organization are included in the first category of organization liabilities accepted for the calculation of minimum reserve requirements, starting from the determination period during which such non-compliance is identified.

19. The determination period for an organization covers two consecutive months according to the schedule of periods preceding the formation period. The start date of the determination period is the last working day of the first preceding month, and the end date is the last working day of the second preceding month.

The calculation of minimum reserve requirements for the National Post Operator starts from the determination period for the organization according to the schedule of periods with a start date of July 31, 2026.

The calculation of minimum reserve requirements for an organization, except for the National Post Operator, starts from the first determination period for the organization according to the schedule of periods from the date of providing the organization with access to operations of the National Bank of the Republic of Kazakhstan.

Minimum reserve requirement ratios are established separately for each category of organization liabilities accepted for the calculation of minimum reserve requirements.

In the event that on the date of completion of the determination period 100 percent of the package of shares of the National Post Operator belongs directly or indirectly to the state, it is permitted to establish minimum reserve requirement ratios for the National Post Operator different from the minimum reserve requirement ratios established for other organizations.

Minimum reserve requirements of an organization are calculated as the sum of the average indicators of minimum reserve requirements for each category of organization liabilities accepted for the calculation of minimum reserve requirements (arithmetic mean by start and end dates of the determination period), multiplied by the corresponding minimum reserve requirement ratio, based on the Report on balances on balance sheet accounts in accordance with Appendix 7-1 to the Rules on reporting by organizations carrying out certain types of banking operations, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan of December 24, 2025 No. 102 "On Approval of the Rules on reporting by organizations carrying out certain types of banking operations" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 37699), submitted by the organization to the National Bank of the Republic of Kazakhstan.

Chapter 5. Procedure for an organization to fulfill minimum reserve requirements, reserving and carrying out control over the fulfillment of minimum reserve requirements

20. Fulfillment of minimum reserve requirements by an organization is carried out during the formation period following the determination period established by Part 1 of paragraph 19 of the Rules.

Fulfillment of minimum reserve requirements by an organization, except for the National Post Operator, ceases from the date of closing access to such operations.

The formation period for an organization is twenty-eight calendar days and coincides with the formation period for a bank according to the schedule of periods. The first formation period for the National Post Operator starts on September 1, 2026.

21. To fulfill minimum reserve requirements, an organization reserves funds in national currency on the correspondent account in the National Bank of the Republic of Kazakhstan and in the form of cash in the organization's cash office during the formation period.

Reserve assets of an organization are determined in accordance with Appendix 9 to the Rules based on the reports specified in part six of paragraph 19 of the Rules and, during the formation period, are calculated as the sum of:

1. the average balance in the organization's correspondent account at the National Bank of the Republic of Kazakhstan in the national currency;

2. the average value of cash in the national currency in the organization's cash register in an amount not exceeding the cash limit.

The cash limit is determined as a share of the organization's minimum reserve requirements for the relevant determination period and is set at:

1. for the National Post Operator in the event that, as of the date of completion of the determination period of minimum reserve requirements, one hundred percent of the package of shares of the National Post Operator belongs directly or indirectly to the state:

in reserve asset formation periods up to January 18, 2027 (inclusive) – 50 (fifty) percent;

in reserve asset formation periods from January 19, 2027 (inclusive) – 25 (twenty-five) percent;

2. for the National Post Operator in other cases – 25 (twenty-five) percent;

3. for an organization, except the National Post Operator – 25 (twenty-five) percent.

Minimum reserve requirements are considered fulfilled by an organization if the reserve assets for the formation period amount to no less than the size of the minimum reserve requirements calculated for this period.

The status of fulfillment of minimum reserve requirements by an organization is formed in the digital system "Web Portal of the National Bank of the Republic of Kazakhstan" after the organization submits the report specified in part six of paragraph 19 of the Rules for the last working day of the formation period.

22. The National Bank of the Republic of Kazakhstan carries out control over the fulfillment by the organization of minimum reserve requirements by forming information on the fulfillment by the organization of minimum reserve requirements in the form according to Appendix 10 to the Rules on the eleventh working day following the last day of the formation period, based on the reports submitted by the organization specified in part six of paragraph 19 of the Rules.

Appendix 1
to the Rules on Minimum

Reserve Requirements

First category of bank liabilities, taken for the calculation of minimum reserve requirements

Balance sheet account number	Name of balance sheet account
2014	Correspondent accounts of organizations carrying out certain types of banking operations
2064	Short-term loans received from organizations carrying out certain types of banking operations
2066	Long-term loans received from organizations carrying out certain types of banking operations
2067	Received financial leasing
2068	Overdue debt on loans and financial leasing
2144	Time deposits of organizations carrying out certain types of banking operations
2147	Overdue debt on time deposits of organizations carrying out certain types of banking operations
2201	State budget funds
2202	Uninvested balances on current accounts intended for accounting of client funds under custody agreements
2203	Current accounts of legal entities
2204	Current accounts of individuals
2205	Demand deposits of individuals
2206	Short-term deposits of individuals
2207	Long-term deposits of individuals
2208	Conditional deposits of individuals
2210	Financial assets accepted for management
2211	Demand deposits of legal entities
2212	Client metal accounts in refined precious metals
2213	Short-term deposit of an individual serving as collateral for client obligations
2214	Savings deposits of individuals (not more than one year)
2215	Short-term deposits of legal entities
2216	Time deposits of clients in refined precious metals
2217	Long-term deposits of legal entities
2218	Savings deposits of legal entities (more than one year)
2219	Conditional deposits of legal entities
2220	Savings deposits of legal entities (not more than one year)
2222	Deposits of special purpose subsidiary organizations
2223	Deposit of a legal entity serving as collateral for client obligations
2224	Overdue debt on demand deposits of clients
2225	Overdue debt on other operations with clients
2226	Overdue debt on time deposits of clients
2227	Lease obligations
2228	Instructions not executed on time
2229	Savings deposits of individuals (more than one year)
2230	Overdue debt on lease obligations
2231	Overdue debt on deposits of special purpose subsidiary organizations
2232	Overdue debt on conditional deposits of clients
2237	Account for storage of sender instructions in accordance with the currency legislation of the Republic of Kazakhstan
2241	Long-term deposit of an individual serving as collateral for client obligations
2242	Uninvested balances on current accounts intended for accounting of client funds of a person performing the functions of a nominal holder, including on the basis of the corresponding license of the Committee for Financial Services Regulation of the Astana International Financial Centre, opened by banks
2243	Overdue debt on savings deposits of clients
2245	Investment deposits
2301	Bonds issued for circulation
2303	Other securities issued for circulation
2306	Repurchased securities
2401	Subordinated debt with a maturity of less than five years
2402	Subordinated debt with a maturity of more than five years
2405	Repurchased subordinated bonds
2406	Subordinated bonds
2552	Settlements with clients
2706	Accrued expenses on loans and financial leasing
2717	Accrued expenses on client metal accounts in refined precious metals
2718	Accrued expenses on client current accounts
2719	Accrued expenses on client conditional deposits
2720	Accrued expenses on client demand deposits
2721	Accrued expenses on client time deposits
2722	Accrued expenses on deposits of special purpose subsidiary organizations
2723	Accrued expenses on deposits serving as collateral for client obligations
2724	Accrued expenses on client savings deposits
2727	Accrued expenses on operations with derivative financial instruments
2728	Accrued expenses on time deposits of organizations carrying out certain types of banking operations
2729	Obligations to pay part of income on investment deposits
2730	Accrued expenses on securities issued for circulation
2731	Accrued expenses on other operations
2740	Accrued expenses on subordinated debt
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
2745	Accrued interest expenses on lease obligations
2746	Overdue remuneration on conditional deposits
2747	Overdue remuneration on deposits 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 management
2756	Accrued expenses on subordinated bonds
2855	Creditors on documentary settlements
2865	Obligations on issued electronic money
2866	Obligations on client transactions
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:

1. from liabilities reflected in balance sheet accounts 2202, 2203, 2210, 2222, 2225, 2227, 2237, 2245, 2722, 2727, 2729, 2731, 2741, 2742, 2743, 2745, 2746, 2747, 2749, 2755, 2855, 2865, 2866, 2891, 2892, 2893, 2894, 2895 and 2899, liabilities to another bank-resident of the Republic of Kazakhstan, a bank-non-resident of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan, a foreign central bank, an international financial organization are excluded;

2. liabilities reflected in balance sheet accounts 2212, 2216 and 2717 are included in liabilities in foreign currency;

3. from liabilities reflected in balance sheet accounts 2301, 2306, 2405 and 2406, liabilities classified as the third category of bank liabilities taken for the calculation of minimum reserve requirements in accordance with paragraph 7-3 of the Rules, and liabilities for the amount of state support funds (principal debt without remuneration) in accordance with parts three and four of paragraph 9 of the Rules are excluded.

Appendix 2
to the Rules on Minimum

Reserve Requirements

Second category of bank liabilities, taken for the calculation of minimum reserve requirements

Balance sheet account number	Name of balance sheet account
1. Liabilities on repo operations
2255	Repo operations with securities
2256	Liability in the form of remuneration received on securities accepted under reverse repo operations
2257	Liability for the return of securities accepted under reverse repo operations
2725	Accrued expenses on repo operations with securities
2. Claims on reverse repo operations
1461	Reverse repo operations with securities
1748	Accrued income on repo operations with securities
3. Claims on interbank money market operations
1101	Deposits at the National Bank of the Republic of Kazakhstan (for one night)
1102	Demand deposits at the National Bank of the Republic of Kazakhstan
1103	Time deposits at the National Bank of the Republic of Kazakhstan
1201	Securities measured at fair value through profit or loss
1251	Deposits placed in other banks (for one night)
1252	Demand deposits placed in other banks
1253	Short-term deposits placed in other banks (up to one month)
1258	Savings deposits placed in other banks (not more than one month)
1301	Overdraft loans on correspondent accounts of other banks
1302	Short-term loans provided to other banks
1303	Overnight loans provided to other banks
1452	Securities measured at fair value through other comprehensive income
1481	Securities measured at amortized cost
1891	Claims on futures operations
1892	Claims on forward operations
1894	Claims on spot operations
1895	Claims on swap operations

Note:

1. from liabilities on repo operations, liabilities to another bank-resident of the Republic of Kazakhstan, a bank-non-resident of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan, a foreign central bank, an international financial organization are excluded;

2. in claims on interbank money market operations reflected in balance sheet accounts 1201, 1452 and 1481, only short-term notes of the National Bank of the Republic of Kazakhstan are included;

3. in claims on interbank money market operations reflected in balance sheet accounts 1891, 1892, 1894 and 1895, only claims to another bank-resident of the Republic of Kazakhstan, a bank-non-resident of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan, a foreign central bank, an international financial organization are included;

4. the calculation of the second category of bank liabilities taken for the calculation of minimum reserve requirements is carried out in accordance with paragraph 7-1 of the Rules.

Appendix 3
to the Rules on Minimum

Reserve Requirements

Third category of bank liabilities, taken for the calculation of minimum reserve requirements

Balance sheet account number	Name of balance sheet account
2301	Bonds issued for circulation
2306	Repurchased securities
2405	Repurchased subordinated bonds
2406	Subordinated bonds

Note: inclusion in the third category of bank liabilities taken for the calculation of minimum reserve requirements is carried out in accordance with paragraph 7-3 of the Rules.

Appendix 3-1
to the Rules on Minimum

Reserve Requirements

Notice on bonds, included in the third category of bank liabilities

Hereby ______ (name of the bank), business identification number (BIN) ______(hereinafter – the Bank), reports on the terms of the issuance of bonds, liabilities on which relate to the third category of liabilities taken for the calculation of minimum reserve requirements, and confirms their compliance with the requirements of paragraph 7-3 of the Rules on Minimum Reserve Requirements approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated November 29, 2019 No. 229 "On Approval of the Rules on Minimum Reserve Requirements".

1. Terms of issuance of bonds included in the third category of bank liabilities taken for the calculation of minimum reserve requirements:

International Securities Identification Number (ISIN code) ______

Date of registration of the issue ______

Date of commencement of circulation ______

Date of maturity ______

Term of circulation _______ years ____ months.

Currency of issue ______

Volume of issue ______ units of issue currency.

Remaining principal debt on bonds (net of bonds repurchased by the bank) ______ tenge (reporting date ______).

Volume of bonds repurchased by the bank ______ tenge (reporting date).

Balance sheet account numbers on which

principal debt on bonds ______,

repurchased bonds ______ are accounted for.

Remuneration rate _____ percent per annum.

Presence of options: ( ) Yes ( ) No.

Terms of the option (information specified in the issue prospectus) ______ ______ (specified on __ page of the issue prospectus).

Additional information ______

2. The issue prospectus of bonds is published (specify link) ______

3. Hereby we confirm that for the bonds specified in paragraph 1 of the Notice:

1. the term of circulation of the bonds is at least 3 (three) years;

2. there is no holder's option for early (full) or partial redemption (repurchase) of the bonds;

3. the Bank does not use bonds for managing client liquidity, including does not repurchase them at the initiative or request of individual bondholders;

4. the Bank does not use bonds as an alternative to placing funds of individual clients (for example, in the event of an outflow of large client deposits).

In the event of the Bank's failure to comply with the condition(s) specified in paragraph 3 of the Notice, the classification of the above-mentioned bonds shall be carried out according to the standards established for the first category of liabilities of the Bank taken for the calculation of minimum reserve requirements, starting from the period of determination of minimum reserve requirements during which such non-compliance was identified.

Date of notice ______

Head or person entrusted with the function of signing

---

Appendix 3-2
to the Rules on Minimum

Reserve Requirements

Bank reserve assets

Balance sheet account number	Name of balance sheet account
Correspondent account
1051	Correspondent account at the National Bank of the Republic of Kazakhstan
Cash
1001	Cash in the cash register
1002	Banknotes and coins in transit
1004	Cash in the evening cash register
1005	Cash in ATMs and electronic terminals

Note: only claims in the national currency of the Republic of Kazakhstan are included in bank reserve assets.

Appendix 4
to the Rules on Minimum

Reserve Requirements

Information on fulfillment of minimum reserve requirements

(hereinafter – MRR)

MRR determination period: from ______ to ______

Reserve asset formation period: from ______ to ______

BIN ______

Bank name ______

Adjustment coefficient for repo operations:

in national currency _____

in foreign currency _____

Table 1. Daily data on the size of bank liabilities,
taken for the calculation of MRR (in thousands of tenge)

MRR determination period		In national currency
First category of liabilities	Second category of liabilities			Third category of liabilities
liabilities on repo operations	claims on reverse repo operations	claims on interbank money market operations
Day	Date
1	2	3	4	5	6	7
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Average value

Continuation of Table 1

In foreign currency
First category of liabilities	Second category of liabilities			Third category of liabilities
liabilities on repo operations	claims on reverse repo operations	claims on interbank money market operations
8	9	10	11	12

Note: for a weekend or holiday, the values of the previous working day are filled in.

Table 2. Daily data for the calculation of reserve assets

(in thousands of tenge)

Reserve asset formation period		Balances of money in correspondent accounts at the National Bank of the Republic of Kazakhstan in national currency	Cash in national currency in the bank's cash register
Day	Date
1	2	3	4
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Average value

Note: for a weekend or holiday, the values of the previous working day are filled in.

Table 3. MRR Calculation

Line code	Line name	Average value of liabilities (in thousands of tenge)	MRR Standard	MRR (in thousands of tenge)
1	2	3	4	5
1	First category of liabilities in national currency
2	Second category of liabilities in national currency
3	Third category of liabilities in national currency
4	First category of liabilities in foreign currency
5	Second category of liabilities in foreign currency
6	Third category of liabilities in foreign currency
7	___ percent of the amount of state support funds (principal debt without remuneration)	x	x
8	Total MRR	x	x

Note: line 7 is calculated in accordance with parts two, three and four of paragraph 9 of the Rules.

Table 4. Calculation of reserve assets

Line code	Line name	Amount (in thousands of tenge)
1	2	3
1	Average value of balances of money in correspondent accounts at the National Bank of the Republic of Kazakhstan in national currency
2	Average value of cash in national currency in the bank's cash register in an amount not exceeding 25 (twenty-five) percent of MRR for the determination period
3	Reserve assets

Fulfillment of minimum reserve requirements by the bank:

( ) Yes ( ) No

Appendix 5
to the Rules on Minimum

Reserve Requirements

First category of organization liabilities, taken for the calculation of minimum reserve requirements

Balance Sheet Account Number	Balance Sheet Account Name
3380 01	Accrued expenses in the form of remuneration on securities issued for circulation
3380 21	Accrued expenses on current and correspondent accounts of clients
3380 22	Accrued expenses in the form of remuneration on demand deposits attracted
3380 23	Accrued expenses in the form of remuneration on term deposits attracted
3380 24	Accrued expenses in the form of remuneration on conditional deposits attracted
3380 25	Accrued expenses in the form of remuneration on loans received
3380 26	Accrued expenses in the form of remuneration on financial lease received
3380 27	Other accrued expenses in the form of remuneration
3380 35	Accrued expenses in the form of remuneration on short-term savings deposits attracted
3380 36	Accrued interest expenses on lease liabilities
3390 01	Liabilities under futures transactions
3390 02	Liabilities under forward transactions
3390 03	Liabilities under option transactions
3390 04	Liabilities under spot transactions
3390 05	Liabilities under swap transactions
3390 06	Liabilities under transactions with other derivative financial instruments
3390 22	Current accounts
3390 23	Short-term demand deposits
3390 24	Short-term deposits
3390 25	Short-term conditional deposits
3390 26	Short-term savings deposits
3390 27	Financial assets accepted for trust or investment management
3390 28	Other liabilities related to banking activities
3390 81	Broker's liabilities to the client
3550 01	Liabilities on issued electronic money
4020	Long-term loans received from legal entities excluding second-tier banks
4030 05	Financial lease received from other legal entities
4030 07	Securities issued for circulation
4030 10	Repurchased securities
4030 21	Long-term deposits
4150	Lease liabilities
4160 01	Accrued expenses in the form of remuneration on securities issued for circulation
4160 21	Accrued expenses in the form of remuneration on term deposits attracted
4160 22	Accrued expenses in the form of remuneration on conditional deposits attracted
4160 23	Accrued expenses in the form of remuneration on loans received
4160 24	Accrued expenses in the form of remuneration on financial lease received
4160 25	Other accrued expenses in the form of remuneration
4160 26	Accrued expenses in the form of remuneration on long-term savings deposits attracted
4170 01	Liabilities under futures transactions
4170 02	Liabilities under forward transactions
4170 03	Liabilities under option transactions
4170 04	Liabilities under swap transactions
4170 05	Liabilities under transactions with other derivative financial instruments

Note:

1. Liabilities to a bank-resident of the Republic of Kazakhstan, a bank-non-resident of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan, a foreign central bank, and an international financial organization are excluded from liabilities reflected in the specified balance sheet accounts;
2. Liabilities classified as the third category of liabilities of the organization accepted for calculating minimum reserve requirements, in accordance with parts six, seven, eight, and nine of paragraph 18 of the Rules, are excluded from liabilities reflected in balance sheet accounts 4030 07 and 4030 10.

Appendix 6
to the Rules on Minimum
Reserve Requirements

Second category of liabilities of the organization, accepted for calculating minimum reserve requirements

Balance Sheet Account Number	Balance Sheet Account Name
1. Liabilities on repo operations
3050 03	Repo operations with securities
3050 07	Liability to return securities accepted under reverse repo operations
3380 02	Accrued expenses in the form of remuneration on repo operations with securities
3380 03	Liability in the form of remuneration received on securities accepted under reverse repo operations
2. Claims on reverse repo operations
1150 01	Reverse repo operations with securities
1270 02	Accrued income in the form of remuneration on reverse repo operations with securities
3. Claims on interbank money market operations
1120 01	Financial assets measured at fair value with changes recognized in profit or loss
1130 01	Short-term financial assets measured at amortized cost
1140 01	Short-term financial assets measured at fair value through other comprehensive income
1150 03	Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations
1150 04	Short-term deposits placed in banks and organizations carrying out certain types of banking operations
1280 02	Claims on futures transactions
1280 03	Claims on forward transactions
1280 05	Claims on spot transactions
1280 06	Claims on swap transactions

Note:

1. Liabilities to a bank-resident of the Republic of Kazakhstan, a bank-non-resident of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan, a foreign central bank, and an international financial organization are excluded from liabilities on repo operations;

2. Only short-term notes of the National Bank of the Republic of Kazakhstan are included in claims on interbank money market operations reflected in balance sheet accounts 1120 01, 1130 01, and 1150 01;

3. Only claims on a bank-resident of the Republic of Kazakhstan, a bank-non-resident of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan, a foreign central bank, and an international financial organization are included in claims on interbank money market operations reflected in balance sheet accounts 1280 02, 1280 03, 1280 05, and 1280 06;

4. Calculation of the second category of liabilities of the organization accepted for calculating minimum reserve requirements is carried out in accordance with parts four and five of paragraph 18 of the Rules.

Appendix 7
to the Rules on Minimum
Reserve Requirements

Third category of liabilities of the organization, accepted for calculating minimum reserve requirements

Balance Sheet Account Number	Balance Sheet Account Name
4030 07	Securities issued for circulation
4030 10	Repurchased securities

Note: Inclusion in the third category of liabilities of the organization accepted for calculating minimum reserve requirements is carried out in accordance with parts six, seven, eight, and nine of paragraph 18 of the Rules.

Appendix 8
to the Rules on Minimum
Reserve Requirements

Notice on bonds, included in the third category of liabilities of the organization

Hereby ______ (name of the organization), business identification number (BIN) ______ (hereinafter - the Organization), notifies about the terms of issuance of bonds, liabilities on which relate to the third category of liabilities accepted for calculating minimum reserve requirements, and confirms their compliance with the requirements of part six of paragraph 18 of the Rules on Minimum Reserve Requirements approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated November 29, 2019 No. 229 "On Approval of the Rules on Minimum Reserve Requirements".

1. Terms of issuance of bonds included in the third category of liabilities of the Organization accepted for calculating minimum reserve requirements:

International Securities Identification Number (ISIN code) ______ Date of registration of issuance ______ Date of commencement of circulation ______ Maturity date ______ Term of circulation _______ years ____ months. Currency of issuance ______ Volume of issuance ______ units of issuance currency. Outstanding principal amount of bonds (less bonds repurchased by the organization) ______ tenge (reporting date ______). Volume of bonds repurchased by the organization ______ tenge (reporting date). Balance sheet account numbers on which the principal amount of bonds ______, repurchased bonds ______ are accounted for. Remuneration rate _____ percent per annum. Presence of options: ( ) Yes ( ) No. Option terms (information specified in the prospectus of issuance) ______ ______ (specified on __ page of the prospectus of issuance). Additional information ______

2. The prospectus of issuance of bonds is published (specify link) ______

3. Hereby we confirm that for the bonds specified in paragraph 1 of the Notice:

1. the term of circulation of bonds is at least 3 (three) years;

2. there is no holder's option for early (full) or partial redemption (repurchase) of bonds;

3. the Organization does not use bonds for managing client liquidity, including does not repurchase them at the initiative or request of individual bondholders;

4. the Organization does not use bonds as an alternative to placing funds of individual clients (for example, in the event of outflow of large client deposits).

In the event of the Organization's failure to comply with the condition(s) specified in paragraph 3 of the Notice, the classification of the aforementioned bonds shall be carried out according to the standards established for the first category of liabilities of the Organization accepted for calculating minimum reserve requirements, starting from the period for determining minimum reserve requirements during which such non-compliance is identified.

Date of notice ______

Head or person authorized to sign

---

Appendix 9
to the Rules on Minimum
Reserve Requirements

Reserve assets of the organization

Balance Sheet Account Number	Balance Sheet Account Name
Correspondent account
1040	Funds in correspondent accounts
Cash
1010	Funds in cash
1020	Funds in transit

Note:

1. Only claims in the national currency of the Republic of Kazakhstan are included in the reserve assets of the organization;

2. For assets reflected in balance sheet account 1040, only the correspondent account in the National Bank of the Republic of Kazakhstan is included.

Appendix 10
to the Rules on Minimum
Reserve Requirements

Information on the organization's compliance with minimum reserve requirements (hereinafter - MRR)

Period for determining MRR: start date ______ end date ______ Period for forming reserve assets: from ______ to ______ BIN ______ Name of the organization ______ Adjustment coefficient for repo operations:
in national currency _____ in foreign currency _____

Table 1. Data on the size of the organization's liabilities,
accepted for calculating MRR (in thousands of tenge)

Line Code		Size of organization's liabilities during the MRR determination period		Average value
start date ______	end date ______
1	2	3	4	5
1	First category of liabilities in national currency
2	Second category of liabilities in national currency:	x	x
2.1	liabilities on repo operations in national currency
2.2	claims on reverse repo operations in national currency
2.3	claims on interbank money market operations in national currency
3	Third category of liabilities in national currency
4	First category of liabilities in foreign currency
5	Second category of liabilities in foreign currency:	x	x
5.1	liabilities on repo operations in foreign currency
5.2	claims on reverse repo operations in foreign currency
5.3	claims on interbank money market operations in foreign currency
6	Third category of liabilities in foreign currency

Table 2. Daily data for calculating the organization's reserve assets (in thousands of tenge)

Reserve Asset Formation Period		Balance of funds in correspondent accounts in the National Bank of the Republic of Kazakhstan in national currency	Cash in national currency in the organization's cash
Day	Date
1	2	3	4
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Average value

Note: for weekends or holidays, values from the previous working day are filled in.

Table 3. MRR Calculation

Line Code	Line Name	Average value of liabilities (in thousands of tenge)	MRR Standard (%)	MRR (in thousands of tenge)
1	2	3	4	5
1	First category of liabilities in national currency
2	Second category of liabilities in national currency
3	Third category of liabilities in national currency
4	First category of liabilities in foreign currency
5	Second category of liabilities in foreign currency
6	Third category of liabilities in foreign currency
7	Total MRR	x	x

Note: for the second category of liabilities (lines 2 and 5), column 3 indicates the calculated amount for repo operations multiplied by the adjustment coefficient for repo operations.

Table 4. Calculation of Reserve Assets

Line Code	Line Name	Amount (in thousands of tenge)
1	2	3
1	Average value of balances of funds in correspondent accounts in the National Bank of the Republic of Kazakhstan in national currency
2	Average value of cash in national currency in the organization's cash in an amount not exceeding 25 (twenty-five) percent of the MRR for the determination period
3	Reserve Assets

Compliance with minimum reserve requirements by the organization:

( ) Yes ( ) No

Appendix
to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated "29" November 2019 No. 229

List

of certain Resolutions of the Board of the National Bank of the Republic of Kazakhstan, as well as structural elements of certain Resolutions of the Board of the National Bank of the Republic of Kazakhstan, recognized as having lost force

1. Resolution 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 liabilities of banks accepted for calculating 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" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 10776, published on May 15, 2015 in the information and legal system "Adilet").

2. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated October 12, 2015 No. 180 "On Amendments to the Resolution 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, conditions for compliance with minimum reserve requirements, reservation procedure" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 12354, published on December 21, 2015 in the information and legal system "Adilet").

3. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated January 28, 2016 No. 52 "On Amendments to the Resolution 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, conditions for compliance with minimum reserve requirements, reservation procedure" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 13081, published on March 5, 2016 in the information and legal system "Adilet").

4. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 22, 2017 No. 247 "On Amendments to the Resolution 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, reservation and control over compliance with minimum reserve requirements standards" (registered in the Registry of State Registration of Regulatory Legal Acts of the Republic of Kazakhstan under No. 16259, published on January 29, 2018 in the Reference Control Bank of Regulatory Legal Acts of the Republic of Kazakhstan).

5. Paragraph 4 of the List of Regulatory Legal Acts of the Republic of Kazakhstan on Issues of Financial Market Regulation, to Which Amendments Are Made, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 30, 2018 No. 157 "On Amendments to Certain Regulatory Legal Acts of the Republic of Kazakhstan on Issues of Financial Market Regulation" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 17559, published on October 22, 2018 in the Reference Control Bank of Regulatory Legal Acts).

6. Paragraph 1 of the List of Regulatory Legal Acts of the Republic of Kazakhstan, to Which Amendments Are Made on Issues of Reporting Submission, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 30, 2018 No. 159 "On Amendments to Certain Regulatory Legal Acts of the Republic of Kazakhstan on Issues of Reporting Submission" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 17391, published on October 2, 2018 in the Reference Control Bank of Regulatory Legal Acts).

7. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 2, 2019 No. 117 "On Amendments and Additions to the Resolution 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, reservation and control over compliance with minimum reserve requirements standards" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 19001, published on July 19, 2019 in the Reference Control Bank of Regulatory Legal Acts).