Fund’s asset acquisition is subject to their compliance with the criteria established by the Requirements for the assets acquired by the Fund, approved by order of the Minister of Finance of the Republic of Kazakhstan dated February 23, 2018 No. 279.
According to the Law on Banks and Banking Fund can acquire assets from the National Bank of the Republic of Kazakhstan, second-tier banks and legal entities (former banks).
Scope
Assets the Fund May Acquire
Property
Property acquired by the Fund in accordance with the legislation of the Republic of Kazakhstan and the applicable requirements.
Shares and Equity Interests
Shares and/or interests in the authorised capital of legal entities in cases provided for by legislation.
Rights of Claim
Rights of claim under credits and loans acquired by the Fund in accordance with the established procedure.
Process
How an Acquisition Decision Is Made
Preliminary Analysis
The Fund analyses information provided by the potential seller to determine whether the proposed assets meet the applicable requirements.
Comprehensive Review
Where the assets meet the requirements, their legal status, financial and economic condition, collateral and risks associated with subsequent recovery, disposal or management are analysed.
Conclusion and Valuation
The review results in a conclusion covering the characteristics, quality, liquidity, risks and feasibility of acquisition. Where applicable, the market valuation of the assets is taken into account.
Decision by the Authorised Body
The acquisition decision is made by the authorised body of the Fund within its powers, taking into account the results of the comprehensive review and valuation.
Transaction
The acquisition of assets and rights of claim is formalised through an assignment of rights of claim or a sale and purchase transaction specifying the scope, volume and value of the assets acquired.
Sources
From Whom Assets May Be Acquired
Compliance with Applicable Requirements
Before a decision is made, the Fund assesses the proposed assets for compliance with the applicable legal requirements and conducts preliminary analysis and comprehensive review.
The complete requirements, criteria, restrictions and exceptions are set out in the regulatory document. They are deliberately not reduced here to a short list of individual indicators in order to avoid changing their meaning or conditions of application.
Resolution of the Government of the Republic of Kazakhstan No. 601 dated 9 July 2026
The Resolution approves the Rules governing the Fund’s activities and the requirements for assets and rights of claim acquired by the Fund.
The full regulatory text available in the Fund’s document library is provided below.
Current Document
Rules and Requirements No. 601
The official source-language version of the regulatory document is displayed below.
Об утверждении Правил осуществления акционерным обществом «Фонд проблемных кредитов» видов деятельности, а также требований к приобретаемым (приобретенным) им активам и правам требования
Order of the Minister of Finance of the Republic of Kazakhstan No. 279 dated 23 February 2018
This is the regulatory document referenced by the original “Main activities” content on the Fund’s previous website. Order No. 279 is retained here as an archived reference to preserve the previously published information and its regulatory context.
Archived Document
Order No. 279
No official English PDF is included in the document library. The available source-language archived document is displayed below.
Приказ Министра финансов Республики Казахстан от 23 февраля 2018 года № 279 (утратил силу)
After Acquisition