THE 10TH IPAF TRAINING SEMINAR “STRENGTHENING CAPACITY IN PERSONAL NPL RESOLUTION AND PORTFOLIO-BASED TECHNIQUES” TO BE HELD IN MONGOLIA On...
Almaty, Dostyk ave. 160
Mon-Fri 09:00-18:00
Facilitating the recovery of the national economy through improving the quality of credit portfolios.
We purchase, manage and dispose of banks’ non‑performing assets, returning them to economic circulation and strengthening the country’s financial system
Asset Sales
This section contains information on the types of assets and the list of properties the Fund is selling. Select an asset category to view the appropriate subsection.
Real Estate & Balance Sheet Assets
Divesting the Fund’s own property to put dormant assets back into productive economic use.
Sale (Assignment) of Loan Claims
The Fund transfers rights to claims related to previously issued loans and obligations, helping to return funds to the economy and strengthen the financial stability of projects.
Collateral
Realizing pledged assets to repay debts and restore liquidity.
Taxpayer Assets
Conducting transparent, legally compliant auctions of assets seized for tax recovery.
Link to all auctions of JSC "FPL"
on the e-qazyna.kz platform.
Subsidiary Asset
Selling assets held by the Fund’s subsidiaries in accordance with current legislation.
Corporate Structure
The Foundation's structure includes the following subsidiaries:
JSC “Investment Fund of Kazakhstan”. Manages and implements investment projects, supports enterprise restructuring and production launches, and works to improve socio‑economic conditions in Kazakhstan’s regions.
LLP “KAZKOM Realty”
Specializes in the management, development, and sale of land plots.
National Guarantee Company “KazTransitService” LLP:. rovides guarantees for the payment of customs duties and taxes when goods are transported under the customs transit procedure.
The Fund and its subsidiary organizations transferred KZT 145.07 billion to the National Fund of the Republic of Kazakhstan.
2019-2021
Billion KZT
0
2022
Billion KZT
0
2023
Billion KZT
0
2024
Billion KZT
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2025
Billion KZT
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Performance Metrics
As of January 1, 2026
Assets Sold: 92.7 billion ₸
including 2,191 itemsvia electronic auctions and 1,923 units transferred to state ownership.
Budgetary Impact: 6 578,2 million ₸
remitted to the state budget from sales of taxpayer property
InternationalLeadership
The Fund wasselected as the Chair and Host of the 10th IPAF Summit & International Conference 2026
SocialImpact: More than
9 000 jobs preserved
support provided to 32 agricultural producers
Strategic Portfolio: The Fund services 26 projects
for seven borrowers, backed by state guarantees exceeding 2 trillion KZT.
News
Press-releases
On the 10th IPAF Summit and International Conference to Be Held in Kazakhstan
31.12.2025
On the 10th IPAF Summit and International Conference to Be Held in Kazakhstan In 2026, the Republic of Kazakhstan will...
The Fund of Problem Loans strengthens its work on debt recovery and involvement of assets into the economy
11.09.2025
The Fund of Problem Loans strengthens its work on debt recovery and involvement of assets into the economy JSC “Fund...
Historical Milestones
Establishment of the Fund under the National Bank and formation of the authorized capital
Acquisition of the first project from a second-tier bank, ATF Bank JSC
Conditional financing of the systemically important bank, Kazkommertsbank JSC
Implementation of the mortgage loan refinancing program
Transfer of the Fund’s management to the Government of the Republic of Kazakhstan, under the Ministry of Finance. Acquisition of the asset portfolio of BTA Bank JSC to ensure the stability of this systemically important bank
Acquisition of problematic assets from CesnaBank JSC. Execution of an agreement to transfer the debt of Astana Bank JSC to the Fund
Acquisition of problematic assets from CesnaBank JSC. Implementation of the Presidential Decree aimed at reducing the debt burden on citizens of the Republic of Kazakhstan
Purchase of loan claims from banking organizations
Continued purchase of loan claims from banking organizations. Integration of the Asset Rehabilitation and Management Company JSC into the Fund
Sale of 100% of the shares of Estate Management Company JSC
Transformation of the Fund’s activities in accordance with the Roadmap approved by the Minister of Finance, effective July 1, 2024
Transfer of management rights over the 100% state-owned stake in the Investment Fund of Kazakhstan JSC to the Fund
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Call-center
For all general inquiries, please call:
+7 727 356 09 71
Our Contacts
Asset Sales Inquiries
+7(727) 355-01-11
If you are aware of any violations committed by third parties against the Fund or by Fund employees, please send a message to senim@fpl.kz or call +7 (727) 356‑09‑71/72 (ext. 2127).
160 Dostyk ave., Almaty, 050010, Republic of Kazakhstan
