ASTANA, Kazakhstan, August 26. The Chairman of the National Bank of Kazakhstan, Timur Suleimenov, at a meeting of the Government of Kazakhstan, announced plans to reform financial legislation, Trend reports.
“In accordance with the instructions of the President of Kazakhstan, this year, together with the Financial Regulation Agency, we are preparing a large package of reforms to financial legislation, which covers issues related to the banking sector, payments, the securities market, and others,” said Suleimenov.
According to him, the introduction of regulation for digital
financial assets, the implementation of the National Digital
Financial Infrastructure, and the further development of the
payment market are also planned.
To support long-term economic growth, the National Bank is already
taking measures to involve banking liquidity in lending to the
economy.
“To increase corporate lending and redirect banking liquidity from
National Bank of Kazakhstan instruments, tax incentives are being
created. Along with these, monetary, credit, and prudential
regulation tools are shaping conditions under which it becomes more
profitable for banks to direct liquidity into income-generating
business projects rather than consumer loans or National Bank
instruments,” added Timur Suleimenov.
Today, the Government of Kazakhstan is holding a meeting focused
on the forecast for Kazakhstan’s socio-economic development for
2026 - 2028, as well as preparations for the upcoming heating
season.
