Article 18. Validity period of the permit to open a branch of a non–resident bank of the Republic of Kazakhstan of the Law on Banks and Banking Activities in the Republic of Kazakhstan Kazakhstan

Home / Laws / Article 18. Validity period of the permit to open a branch of a non–resident bank of the Republic of Kazakhstan of the Law on Banks and Banking Activities in the Republic of Kazakhstan Kazakhstan

1. Permission to open a branch of a non–resident bank of the Republic of Kazakhstan shall have legal force until the authorized body decides to issue a banking license to a branch of a non–resident bank of the Republic of Kazakhstan or before one of the cases provided for in paragraphs 2 and 3 of this Article occurs.

2. The issued permission to open a branch of a non–resident bank of the Republic of Kazakhstan is considered cancelled in the following cases::

1) adoption by a non–resident bank of the Republic of Kazakhstan of a decision on the voluntary termination of the activities of its branch in the territory of the Republic of Kazakhstan;

2) suspension or deprivation of a non–resident bank of the Republic of Kazakhstan of a license (permit) to carry out banking activities issued (issued) by the financial supervisory authority of the state of which the non–resident bank of the Republic of Kazakhstan is a resident;

3) failure to register a branch of a non–resident bank of the Republic of Kazakhstan in the State Corporation within two months from the date of issuing a permit to open a branch of a non–resident bank of the Republic of Kazakhstan;

4) revocation by the authorized body of the issued permission to open a branch of a non–resident bank of the Republic of Kazakhstan.

The authorized body revokes the permission to open a branch of a non–resident bank of the Republic of Kazakhstan in case of identification of false data (information) in the documents and (or) information on the basis of which the permit was issued.

Upon revocation of the permit to open a branch of a non–resident bank of the Republic of Kazakhstan, the authorized body decides to revoke the previously issued permit within two months from the date of discovery of the fact that is the basis for revocation of the permit.;

5) failure to obtain a banking license within one year from the date of issuing a permit to open a branch of a non–resident bank of the Republic of Kazakhstan.

3. A non–resident bank of the Republic of Kazakhstan has the right to voluntarily waive the permission granted to it to open a branch of a non–resident bank of the Republic of Kazakhstan by returning the permission to open a branch of a non–resident bank of the Republic of Kazakhstan to the authorized body.

In this case, a non–resident bank of the Republic of Kazakhstan is obliged to terminate the activities of its branch in the territory of the Republic of Kazakhstan by removing the said branch from registration in accordance with the procedure established by the legislation of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated January 16, 2026 No. 258-VIII SAM.

President

Republic of Kazakhstan

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The Law of the Republic of Kazakhstan dated August 31, 1995 No. 2444. On banks and banking activities, with the introduction of the Law of the Republic of Kazakhstan dated January 16, 2026 No. 258-VIII, the SAM has lost its legal force.

Article 18. The specifics of the establishment of subsidiary banks by non-resident banks of the Republic of Kazakhstan Law on Banks and Banking Activities in the Republic of Kazakhstan

1. The parent bank in relation to the subsidiary bank may be non-resident banks of the Republic of Kazakhstan that have a certain rating from one of the rating agencies. The list of rating agencies and the minimum required rating are established by the authorized body.

2. Excluded by the Law of the Republic of Kazakhstan dated 10.07.2003 No. 483 (effective from 01.01.2004). The footnote. Article 18 as amended by the Laws of the Republic of Kazakhstan dated 11.07.1997 N 154; dated 16.07.1999 N 436; dated 10.07.2003 No. 483 (effective from 01.01.2004); dated 28.12.2011 No. 524-IV (effective after ten calendar days after its first official publication).

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

President

Republic of Kazakhstan