List of banks in Kazakhstan


The Republic of Kazakhstan has a two-tier banking system.

Tier One Bank

The National Bank of the Republic of Kazakhstan is the central bank of Kazakhstan and presents the upper tier of the banking system of Kazakhstan. The National Bank represents, within the limits of its authority, the interests of the Republic of Kazakhstan in the relationship with the central banks, with banks of other countries, in the international banks and other financial-credit organizations.

Second-tier banks

All banks operating in the country, except the National Bank of Kazakhstan, represent the second tier of the banking system and are second-tier banks. The legal basis for operation of the second-tier banks is the law «On Banks and Banking in the Republic of Kazakhstan» from August 31, 1995, № 2443. According to this law, a second-tier bank in Kazakhstan is a corporate entity which, irrespective of the form of ownership, carries on business for achieving its main goal of earning profits. Second-tier banks are entitled to open their subsidiary banks, branch and representative offices on the territory of Kazakhstan as well as outside of the territory of the country. Banks on October 1, 2018 there are 28.
Bank's nameControlling stakeholderBank assets as of October 1, 2018 Bank assets as of October 1, 2019
1Halyk Savings Bank of Kazakhstan Holding Group ALMEX JSC8273,98992,4
2First Heartland Jýsan Bank First Heartland Securities JSC2212,71270,8
3Subsidiary bank «Sberbank of Russia» in Kazakhstan Sberbank of Russia1697,72072,5
4Kaspi Bank Kaspi Group JSC1471,22026,8
5ATFBank KNG Finance LLP1461,71515,3
6Bank CenterCredit Bakhytbek Rymbekovich Baiseitov1410,71474,0
7ForteBank Bulat Zhamitovich Utemuratov14091942,9
8Eurasian Bank Eurasian Financial Company JSC973,61014,6
9Housing Construction Savings Bank of Kazakhstan National Managing Holding «Baiterek» JSC850,61251,6
10Citibank Kazakhstan Citibank, N.A.733,7823,3
11Bank RBK KCC Financ LLP547,1667,6
12Altyn Bank China CITIC Bank Corporation399,1523,9
13Nurbank JP Finance Group LLP342,4388,9
14Subsidiary bank «Alfa-Bank» in Kazakhstan Alfa-Bank341,9528,6
15Subsidiary bank «Home Credit and Finance Bank» in Kazakhstan Home Credit and Finance Bank LLC270401,7
16Subsidiary bank «Bank of China» in Kazakhstan Bank of China Limited256,7299,2
17Industrial & Commercial Bank of China Industrial and Commercial Bank of China147,6209,7
18AsiaCredit Bank Nurbol Sultan144,287,0
19Subsidiary bank «VTB Bank» in Kazakhstan PJSC VTB Bank136,9179,1
20Tengri Bank Punjab National Bank132,8110,4
21Bank Kassa Nova JSC Nova Leasing87,5137,0
22Capital Bank Kazakhstan Orifjon Chodiev75.275,4
23Subsidiary bank «ZIraat InternationaL Bank» in Kazakhstan T.C. Ziraat Bankası A.Ş.60,679,3
24Shinhan Bank Kazakhstan Shinhan Bank3045,8
25«Al Hilal» Islamic Bank Al Hilal Bank PJSC24.737,0
26Zaman-Bank Tasbulat Abguzhinov15,322,3
27Subsidiary bank «National Bank of Pakistan» in Kazakhstan National Bank of Pakistan54,8

Development Bank of Kazakhstan

Development Bank of Kazakhstan JSC operates as a national development institution in the Republic of Kazakhstan. The company’s services include investment projects funding, export operations financing, interbank lending, clients operational servicing, and lease financing. It also offers various financial services, such as mezzanine, syndicated, interim, lease transactions, and project financing; lending of current activities; and provision of guarantees, as well as equity and capital participation.

Deposit Guarantee System

was established by Resolution of the National Bank of the Republic of Kazakhstan Management Board No. 393 dated 15 November 1999 “On incorporation of «Kazakhstan Individuals’ Deposit Guarantee Fund».
Individuals’ deposits placed in the second-tier banks of the Republic of Kazakhstan, excluding non-interest bearing demand deposits placed with the Islamic banks.
At present the Parliament of the Republic of Kazakhstan has approved the draft law which stipulates deposit coverage payouts on the individuals’ and individual entrepreneurs’ savings deposits up to the deposit coverage limit of 15 million tenge.

Population deposits

In August 2018 the number of deposits of individuals has reached the historic peak - 8.3 trillion tenges, 47% of the total volume of deposits.