President Kassym-Jomart Tokayev
received the Chair of the Agency for Regulation and Development of the
Financial Market,
Madina Abylkassymova, who
reported on the agency’s work
in 2025. According to the year-end results, the stability of the banking sector
was ensured and the annual supervisory assessment cycle was completed. Banks’
assets increased by 11% to around 70 trillion tenge. Banks are actively lending to businesses, having issued loans totaling 17.5
trillion tenge. At the same time, small and medium-sized enterprises are also
receiving support -
in June last year, a SME Loan Guarantee Fund was
established on the basis of the Damu Fund, which provided guarantees totaling 505 billion tenge.
In addition, efforts are underway to combat financial fraud. At the legislative
level, a “cooling-off period” has been introduced for loan issuance, mandatory
in-person attendance has been required when obtaining an initial loan, and the grounds for judicial and
out-of-court write-offs of loans in cases of fraud have been expanded.
The Head of State
gave a number of instructions aimed at ensuring financial stability, increasing
lending to the real sector of the economy, and strengthening the protection of
consumers’ rights in financial services.
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