The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has authorised KMF (QMF) Microfinance Organisation JSC to undergo a voluntary reorganisation through conversion into a bank. The decision also permits the KMF – Demeu Corporate Fund to obtain bank holding company status in relation to the bank to be created through the conversion and to establish a subsidiary organisation of that bank.
2025-03-20Agency 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 authorises KMF microfinance organisation to reorganise into a bank
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has authorised KMF Microfinance Organisation JSC to convert into a bank. Additionally, KMF – Demeu Corporate Fund is permitted to obtain bank holding company status and establish a subsidiary of the new bank.