The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has prepared draft amendments to its March 20, 2026 resolution on profit distribution, dividend accruals on ordinary and preferred shares, share buybacks, and conditions for reducing direct or indirect shareholdings in banks that have used public funds for financial stability or rehabilitation measures. The main change is aimed at refining how state support must be repaid when banks that still carry state support obligations on their balance sheets distribute dividends. Under the draft, repayment timing for state support would be differentiated according to the planned amount of state support a bank intends to repay when paying dividends. The measure is designed to improve the repayment mechanism for banks that received support from the state budget, the National Fund of the Republic of Kazakhstan, the National Bank of Kazakhstan, and or its subsidiaries. The draft text has been published on the Open NPA portal and on the agency's website.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan2026-07-13
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan drafts changes tying bank dividends to differentiated state support repayment deadlines
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has drafted amendments to refine the rules for banks paying dividends while still carrying state support obligations. The proposal would introduce differentiated deadlines for repaying state support based on the amount a bank plans to repay when distributing dividends. The draft is available on the Open NPA portal and the agency's website.