Article 15. Organizational and legal form and name of the bank of the Law on Banks and Banking Activities in the Republic of Kazakhstan

Home / RLA / Article 15. Organizational and legal form and name of the bank of the Law on Banks and Banking Activities in the Republic of Kazakhstan

1. Banks are established in the form of joint-stock companies.

1-1. The Bank uses as its name the one that is written in its charter.

The name of the bank must contain the word "bank" or a word derived from it.

2. All banks, except the National Bank of the Republic of Kazakhstan, are prohibited from using the words "national", "central" in their names in full or abbreviated form in any language.

3. All banks are prohibited from using the word "state" in its name in full or abbreviated form in any language.

3-1. The name of the Islamic bank must contain the phrase "Islamic bank".

4. It is not allowed to use designations that are identical or confusingly similar to the names of previously established banks, including non-resident banks of the Republic of Kazakhstan, with the exception of subsidiary banks.

Subsidiary banks are required to use the name of their parent banks in their names.

The requirement provided for in part two of this paragraph does not apply to subsidiary banks that have been restructured in accordance with this Law, as well as to subsidiary banks that have carried out the operation provided for in Article 61-4 of this Law.

The Law of the Republic of Kazakhstan dated August 31, 1995 No. 2444.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases