The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has prepared a draft Board resolution to approve procedures for reviewing changes to bank loan agreement terms, including a mechanism for collective restructuring of overdue debt for individuals who have two or more unsecured consumer loans with different creditors, with the full text available on the Open NLA portal and the agency’s website.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-06-10
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan drafts rules for collective restructuring of overdue unsecured consumer loans
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has drafted a Board resolution to establish procedures for reviewing changes to bank loan agreement terms. This includes a mechanism for collective restructuring of overdue debt for individuals with multiple unsecured consumer loans from different creditors.