The beginning
Establishment of the Fund
The Fund was established and registered with the justice authorities on January 11, 2012 to assist banks in the process of removing non-performing loans from their balance sheets as part of the Post-Crisis Recovery Program.
The sole shareholder of the Fund is the Government of the Republic of Kazakhstan represented by the Ministry of Finance of the Republic of Kazakhstan.
Role of the Fund
Mission and Strategic Directions
Mission of the Fund
Contributing to the recovery of the national economy.
More about our mission and visionStrategic Directions
- Rehabilitation of the banking sector.
- Returning acquired assets to economic circulation.
Activities
Core Activities
Purchase of non-performing assets of banks and legal entities that were previously banks.
Management of acquired assets.
Returning acquired assets to economic circulation through their rehabilitation and sale.
Acting as an attorney (agent) within the framework of state-guaranteed loans and state loans.
Sale of property pledged by a taxpayer and/or a third party, property subject to restrictions on disposal by the taxpayer, and goods detained by the state revenue authorities of the Republic of Kazakhstan.
Implementation of special programs adopted by the Government or by decree of the President of the Republic of Kazakhstan aimed at ensuring the stability of the financial system and supporting the recovery of the national economy.