Granting of permission for voluntary reorganisation of a microfinance organisation in the form of conversion into a bank
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A copy of the decision of the general meeting of shareholders of the service recipient on voluntary reorganization in the form of conversion to a bank, containing information about the person authorized to submit the application.
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Information on shareholders (individuals and legal entities) holding less than 10% of the shares of a service recipient, in accordance with Annexes 5 and 6 of the Decree.
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Information on the affiliated persons of a service recipient (if no information is available on the website of financial statements depository).
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An action plan for converting a service recipient into a bank that meets the requirements of Article 25-3 of the Law of the Republic of Kazakhstan "On Microfinance Activities".
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A business plan of a bank for the next three years approved by the general meeting of shareholders of a service recipient after obtaining a license to conduct banking and other operations. The requirements for the content of a business plan are established by the Resolution No. 36 of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market as of March 30, 2020 "On Approval of the Rules for Issuing Permits to Open a Bank, a Branch of a Non-Resident Bank of the Republic of Kazakhstan, Rules for Licensing Banks, Branches of Non-Resident Banks in the Republic of Kazakhstan for banking and Other Operations, provided for by the banking legislation of the Republic of Kazakhstan, licensing for banking and other operations carried out by Islamic banks, branches of Islamic non-resident banks of the Republic of Kazakhstan" (registered in the Register of State Registration of Regulatory Legal Acts under No. 20228), including disclosure of the detailed structure of a bank, business strategy, areas and scope of activities, financial prospects (budget, settlement the balance sheet, the profit and loss account for the first three financial (operational) years, a marketing plan (formation of the bank's clientele), the plan for attracting labour resources, risk management
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The draft Charter as amended and supplemented to make it comply with the banking legislation of the Republic of Kazakhstan.
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Documents and information submitted in accordance with Article 11-1 of the Law of the Republic of Kazakhstan "On Banks and Banking Activities in the Republic of Kazakhstan".
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Documents and information in accordance with the procedure provided for in Article 17-1 of the Law "On Banks", if it is necessary for an applicant to obtain the status of a major participant in a bank or a bank holding company, except for the application and business plan provided for in Article 17-1 of the Law "On Banks".
Result of the service delivery
Notification of the issuance of a permit for the voluntary reorganization of a microfinance organization in the form of conversion to a bank with an attachment of a permit for the voluntary reorganization of a microfinance organization in the form of conversion to a bank and a copy of the decision of the Board or a substantiated refusal to deliver the public service.