The Kazakhstan Deposit Guarantee Fund (KDGF) plans to develop a mechanism to temporarily maintain separate deposit guarantees during bank reorganizations, according to its 2025 annual report, as reported by infohub.kz.
This initiative is among the KDGF's key priorities for 2026 and aims to enhance depositor protection. The fund says the mechanism will be developed in line with international standards. However, the report does not specify the exact duration for which guarantees would be kept separate after a reorganization, nor which forms of reorganization would be covered.
The initiative could affect clients who hold deposits in two banks that subsequently undergo reorganization. Maintaining separate guarantees during a transition period would prevent these deposits from being combined for guarantee purposes immediately after the banks' structure changes. The KDGF has yet to work out the specific mechanism.
Currently, the parameters of the deposit guarantee system remain unchanged. According to the KDGF, existing limits fully guarantee 99.8% of bank accounts in Kazakhstan.
As of the end of 2025, 21 of 23 banks participated in the mandatory deposit guarantee system, with two Islamic banks—ADCB and Zaman-Bank—being the exceptions. During the past year, KMF Bank and Commercial Bank BNK joined the system.
In addition to revising the approach to guarantees during bank reorganizations, the KDGF plans to develop a detailed anti-crisis action plan for bank resolution in 2026, modernize its depositor accounting system SalT Inspect, and strengthen the information security of its infrastructure.