JSC “Problem Loans Fund”
A state development institution executing policy to improve financial sector health, enhance credit portfolio quality, and return non-performing assets to Kazakhstan’s economic turnover.
The Fund’s Role in Kazakhstan’s Financial System
JSC “Problem Loans Fund” was established on January 11, 2012, under the Post-Crisis Recovery Program to assist commercial banks in cleaning balance sheets of non-performing loans and ensuring long-term banking stability.
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. The Fund acquires, professionally manages, restructures, and transparently sells assets, returning critical financial resources to the real economy.
Explore Fund HistoryStrategic Priorities & Long-Term Vision
The Fund operates on the core principles of institutional transparency, accountability, and fiduciary responsibility to the state.
01
Fund Mission
Promoting national economic recovery by improving the credit portfolio quality of second-tier banks and returning non-performing assets to economic turnover through restructuring and transparent disposal.
02
Vision 2027
By 2027 — a professional asset management company and national center of excellence in loan portfolio resolution, asset restructuring, and stressed portfolio management.
Key Asset Management Directions
The Problem Loans Fund implements comprehensive solutions to stabilize the financial system and reintroduce stressed assets to commercial markets.
Asset Acquisition
Acquisition of non-performing assets from commercial banks and former financial institutions under national legal frameworks.
Asset Management
Comprehensive asset appraisal, value maintenance, and efficient fiduciary administration of portfolio assets.
Restructuring
Corporate borrower financial turnaround, debt restructuring, and active preservation of production operations and employment.
Debt Recovery
Legal claim management, recovery proceedings, and direct fund transfers to the National Fund of the Republic of Kazakhstan.
Key Performance Metrics
Results of the Problem Loans Fund in recovering assets, supporting enterprises, and strengthening the national economy.
Взыскано задолженности
В Национальный фонд РК
Сохранено рабочих мест
Налоговые поступления
Governance Bodies & Subsidiaries
Corporate governance is structured upon transparency, strict accountability, and fiduciary responsibility to the state shareholder.
Board of Directors
Strategic management body of the Fund. Composition, independent directors, specialized committees, and corporate regulations.
Management Board
Collegial executive body responsible for the operational management and day-to-day business of the Fund.
Subsidiaries
Information on subsidiary companies (KAZKOM Realty, NGC KazTransitService LLP, etc.) and major asset projects.
Documents & Reporting
Regulatory framework, audited financial statements, annual reports, and strategic corporate documents.
Useful Services & Direct Channels
Public communication channels, career opportunities, and direct answers to key questions.
Compliance & Trust Line
Anti-corruption policies, ethical compliance guidelines, and confidential reporting trust channels.
Careers at the Fund
Open professional vacancies, qualification criteria, and employment conditions for financial specialists.
FAQ
Authoritative guidance on debt restructuring, property acquisition procedures, and partnership inquiries.