The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has suspended for three months the licence of Batys kapital Microfinance Organization LLP to conduct microfinance activities, under an order issued by its Uralsk regional department. The suspension is based on breaches of prudential norms and or other mandatory norms and limits. While the licence is suspended, the microfinance organization is prohibited from concluding new microcredit agreements, extending the term of existing microcredit contracts, or amending contracts in a way that increases the obligations and liabilities of either the firm or borrowers. The firm remains required to perform its obligations under previously concluded microcredit agreements, and clients remain liable for non-performance in accordance with their contract terms.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-05-27
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan suspends Batys kapital microfinance licence for three months
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has suspended the licence of Batys kapital Microfinance Organization LLP for three months due to breaches of prudential norms. During the suspension, the firm cannot enter new microcredit agreements or amend existing ones to increase obligations, but must fulfill existing contracts. Clients remain liable for non-performance under current agreements.