The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan suspended Beineu Credit Partnership LLP’s license to conduct microfinance activities. The action followed repeated failures to submit reports to the National Bank of Kazakhstan and breaches of legislation and regulatory acts issued by the agency and the central bank. During the suspension, the company may not enter into new microcredit agreements or change the terms of existing agreements, except where permitted by law. It must continue meeting its obligations under existing contracts, while clients with outstanding obligations remain responsible for any contractual breaches.
2026-08-20Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan suspends Beineu Credit Partnership’s microfinance license
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan suspended Beineu Credit Partnership’s microfinance license over repeated reporting failures and regulatory breaches. The company may not issue new microcredits or amend existing agreements, but it and its clients must continue meeting their existing contractual obligations.