Article 10. Associations (unions) of banks of the Law on Banks and Banking Activities in the Republic of Kazakhstan

Home / RLA / Article 10. Associations (unions) of banks of the Law on Banks and Banking Activities in the Republic of Kazakhstan

1. In order to coordinate their activities, protect and represent common interests, implement joint projects and solve other common tasks, banks have the right to form associations and unions of banks in accordance with current legislation.

2. Associations (unions) of banks are non-profit organizations.

3. Associations (unions) of banks may not be used for the purpose of restricting competition in the banking system, manipulating remuneration rates, terms of offering loans and other banking services.

The Law of the Republic of Kazakhstan dated August 31, 1995 No. 2444.

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