The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has published a report on its 2024 supervisory stress test covering 11 banks that account for 85% of banking sector assets and 86% of the sector’s total loan portfolio. The stress test results show an aggregate core capital adequacy ratio of 15.0%, materially above the 5.5% minimum requirement excluding buffers. Baseline and adverse scenarios were developed jointly with the National Bank of Kazakhstan, with the stress scenario reflecting negative economic developments under global shocks and a downturn in key sectors. Preparatory work ran from May to August 2024 and the main testing phase from September to December 2024, with results approved in the first quarter of 2025; the report is available on the Agency’s website.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-04-18
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan publishes 2024 supervisory stress test results for 11 banks with 15.0% aggregate core capital adequacy
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan released its 2024 supervisory stress test report for 11 banks, covering 85% of sector assets. The test revealed a core capital adequacy ratio of 15.0%, significantly above the 5.5% minimum requirement. Scenarios were developed with the National Bank of Kazakhstan, reflecting global shocks and sector downturns.