Between 6 and 19 November 2025, an IMF staff mission led by Mr. Ali Al-Eyd conducted discussions in Almaty and Astana as part of the 2025 Article IV Mission to the Republic of Kazakhstan.

During the visit, a meeting was held between the Chairperson of the Agency for Regulation and Development of Financial Market, Ms. Madina Abylkassymova, and representatives of the IMF. The parties discussed the current state of the financial sector, progress in implementing the recommendations of the Financial Sector Assessment Program (FSAP), as well as key provisions of the new Law on Banks.

Following the staff visit, the IMF issued the “Kazakhstan: Staff Concluding Statement for the 2025 Article IV Mission.” As stated in the document, Kazakhstan’s banking system remains resilient. Second-tier banks maintain strong capital, liquidity, and profitability indicators, while the level of non-performing assets remains low. IMF staff also noted that the introduction of additional prudential measures will further support financial stability.

The rapid growth of consumer lending requires close monitoring. In this regard, the Mission positively assessed the Agency’s prudential measures aimed at mitigating risks in this segment.

IMF staff also highlighted the significant progress made by the Agency in implementing key FSAP recommendations. Among the priority areas going forward are the implementation of the new bank resolution framework and the introduction of regulation and supervision of digital assets under the new Law on Banks.

The Concluding Statement underscores the need to further strengthen the institutional capacity of the financial regulator, including, where appropriate, through the allocation of additional resources.

External Communications Directorate

press@finreg.kz

Source : https://www.gov.kz/memleket/entities/ardfm/press/news/details/1109629?lang=kk