The National Bank suspended the license to accept deposits from individuals, the opening of bank accounts of individuals of Qazaq Banki for the period until September 28, 2018 including
31.07.18 17:56
/KASE, July 31, 2018/ – The National Bank of the Republic of Kazakhstan (National Bank)
published on July 31, 2018 on its website a press release with the following content:
quote
By the Resolution of the Board of the National Bank of the Republic of
Kazakhstan No.150 of July 30, 2018, as of July 31, 2018, the license for
accepting deposits from individuals, opening bank accounts of individuals of
Qazaq Banki (hereinafter - the Bank) was suspended until September 28, 2018
including.
This decision was taken by the National Bank within the supervisory response to
certain violations by the Bank of the requirements of banking legislation on the
bases provided for by subparagraphs c) and d) of paragraph 1 of Article 48 of
the Law of the Republic of Kazakhstan "On Banks and Banking Activity in the
Republic of Kazakhstan" for a systematic (three or more times during twelve
consecutive calendar months) improper performance of contractual obligations
for payment and transfer operations and systematic (three or more times within
twelve and consecutive calendar months) violation of prudential standards and
(or) other mandatory norms and limits.
The license is suspended for attracting new deposits and opening new bank
accounts of individuals and does not concern servicing of existing deposits and
customers of the Bank.
As of July 1, 2018, the volume of deposits of individuals of the Bank is KZT22
bn., The share of the deposit portfolio of individuals of the Bank is 0.3% of
the total volume of deposits of individuals of the banking system.
unquote
[2018-07-31]