Kazakhstan may change bank risk management and lending requirements

Kazakhstan may change requirements for risk management and lending at banks. The Agency for Regulation and Development of the Financial Market has prepared the relevant amendments, according to a report by 24KZ.

Among the proposals is a change to the audit procedure that takes into account the specifics of each financial organisation. The agency also plans to revise the rules for calculating the maximum loan a bank can issue to a single borrower.

The amendments would make it possible to expand financing for large investment projects, including in the mining sector. Discussion of the amendments will last until 12 November, the report said.