Starting September 13, 2026, Kazakhstan will enforce restrictions on banks with basic banking licenses, limiting their total assets and the size of deposits from individuals. The corresponding resolution was adopted by the Agency for Regulation and Development of the Financial Market, as reported by infohub.kz.
Under the new rules, the maximum total assets of such a bank must not exceed 500 billion tenge. This indicator will be calculated as of the reporting date of each month, which is the last business day of the respective month.
Separate limits are set for deposits from individuals. The amount of a savings deposit in national currency must not exceed 20 million tenge. For other deposits in tenge, including funds on bank accounts, the limit is set at 10 million tenge.
For deposits in foreign currency, including funds on bank accounts, the maximum amount will be 5 million tenge.
If a single client places several types of deposits in a bank with a basic license or opens several bank accounts, the total daily balance across all deposits and accounts must not exceed 20 million tenge.
The Agency for Regulation and Development of the Financial Market explained that banks with basic licenses represent a new type of bank with a limited range of operations. The established deposit limits do not apply to existing banks, as they operate under a universal banking license.
Resolution No. 124 of the ARDFM Board comes into force on September 13, 2026.
Earlier it was reported that as of August 1, the total deposits of households and businesses in Kazakhstani banks reached 51.7 trillion tenge. Individual deposits amounted to 30.5 trillion tenge, while corporate deposits exceeded 21 trillion tenge. In July, the deposit base grew the most at Kaspi Bank, Forte Bank, and Halyk Bank.