Kazakhstan sets deposit limits for banks with basic license

September 14, 2026 at 07:30 AM1 min

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Kazakhstan's financial regulator adopted Resolution No. 124 on August 25, 2026, setting deposit limits for banks holding a basic license. No bank currently operates under a basic license, so the limits do not affect existing banks or depositors.

Key Facts

Resolution No. 124 was adopted by the Agency for Regulation and Development of the Financial Market on August 25, 2026.
The resolution caps total assets of a basic-license bank at 500 billion tenge.
Deposit limits are set at 20 million tenge for savings deposits in national currency, 10 million tenge for other deposits and account balances in tenge, and 5 million tenge for foreign-currency deposits.
No bank in Kazakhstan currently holds a basic license, so the new limits do not apply to existing banks.

Regulatory Framework

The Agency for Regulation and Development of the Financial Market adopted Resolution No. 124 on August 25, 2026. The document establishes key restrictions for banks operating under a basic license. The new banking law provides for two types of licenses: universal and basic. A basic license is intended primarily for small banks and offers a simplified regulatory regime.

Deposit Limits

Under Resolution No. 124, savings deposits in national currency are capped at 20 million tenge. Other deposits and bank account balances in tenge are limited to 10 million tenge. Foreign-currency deposits and account balances are capped at 5 million tenge. If an individual holds multiple deposits or accounts at a basic-license bank, the aggregate daily balance is counted. The total amount across all deposits and accounts of one individual must not exceed 20 million tenge, while each type of deposit must also respect its individual limit.