Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan Chair Madina Abylkassymova reported to President Kassym-Jomart Tokayev that the regulatory framework implementing the new banking law has been fully renewed through the adoption of 80 legal acts. The agency has also created FinAI, a unified supervisory platform based on artificial intelligence, as part of its broader financial sector digitization work. During the first eight months of 2026, the agency conducted 279 inspections, imposed 190 supervisory measures and issued fines totaling KZT 465 million. It revoked 13 licenses and suspended six in the microfinance and debt collection markets, while removing four collection agencies from the register. Bank assets rose 6.9% to KZT 75.6 trillion and capital adequacy stood at 20.7%. Business lending increased 3.5% to KZT 16 trillion, while new business loans rose 19.1% to KZT 12.5 trillion. Regulatory measures slowed consumer credit growth to 4.6% over seven months. The agency also reported progress on the capital and insurance market development programs through 2030 and related draft laws. An artificial intelligence strategy covering common approaches to information security and data protection is due by the end of 2026, when the unified financial ombudsman’s office is also expected to begin handling complaints. President Tokayev directed further work on financial stability, artificial intelligence adoption, lending to the real economy, and capital and insurance market development.

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