Tokayev revokes licenses of 13 microfinance and collection firms in Kazakhstan

September 9, 2026 at 03:24 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Kazakh President Kassym-Jomart Tokayev received a report from Madina Abylkassymova, head of the Agency for Regulation and Development of the Financial Market, on the results of eight months of financial market regulation. The agency revoked licenses of 13 microfinance and collection entities, suspended six licenses, and removed four collection agencies from the register. Bank assets grew to 75.6 trillion tenge, up 6.9 percent, while business lending reached 16 trillion tenge.

Key Facts

The Agency for Regulation and Development of the Financial Market revoked licenses of 13 microfinance and collection entities, suspended six licenses, and removed four collection agencies from the register.
Bank assets increased to 75.6 trillion tenge, up 6.9 percent, with capital adequacy at 20.7 percent.
Business lending grew by 3.5 percent to 16 trillion tenge, and new business loans rose 19.1 percent since the start of the year to 12.5 trillion tenge.
The agency conducted 279 inspections of financial sector entities in eight months, applied 190 supervisory measures, and imposed fines totaling 465 million tenge.
Consumer lending growth slowed to 4.6 percent over seven months as a result of regulatory measures.

Regulatory Enforcement

The Agency for Regulation and Development of the Financial Market conducted 279 inspections of financial sector entities over eight months. It applied 190 supervisory measures and imposed fines totaling 465 million tenge. On the microfinance and collection agency market, 13 entities lost their licenses, six had licenses suspended, and four collection agencies were removed from the register.

Banking Sector Performance

Bank assets increased to 75.6 trillion tenge, a rise of 6.9 percent, with capital adequacy at 20.7 percent. Business lending grew by 3.5 percent to 16 trillion tenge. New business loans rose 19.1 percent since the start of the year to 12.5 trillion tenge. Consumer lending growth slowed to 4.6 percent over seven months as a result of regulatory measures.

Digital and Legal Reforms

The agency fully updated the subordinate legal framework under the new banking law and adopted 80 regulatory legal acts. The Finkelisim.kz platform for collective settlement of overdue debts was launched in July. The agency created the FinAI unified supervisory platform based on artificial intelligence technology. A strategy for introducing artificial intelligence into the financial market will be developed by the end of the year.