Article 4-1. Branch of a non-resident bank of the Republic of Kazakhstan of the Law on Banks and Banking Activities in the Republic of Kazakhstan

Home / RLA / Article 4-1. Branch of a non-resident bank of the Republic of Kazakhstan of the Law on Banks and Banking Activities in the Republic of Kazakhstan

1. A branch of a non-resident bank of the Republic of Kazakhstan is a separate subdivision of a non-resident bank of the Republic of Kazakhstan, which is not a legal entity located in the territory of the Republic of Kazakhstan, which has been registered with a Corporation and carries out banking activities on the basis of a license from an authorized body.

2. A branch of a non-resident bank of the Republic of Kazakhstan uses as its name the one indicated in the regulations on the branch of a non-resident bank of the Republic of Kazakhstan.

A branch of a non-resident bank of the Republic of Kazakhstan must use the name of the non-resident bank of the Republic of Kazakhstan in its name, as well as the word "branch".

3. The location of a branch of a non-resident bank of the Republic of Kazakhstan is the location on the territory of the Republic of Kazakhstan specified in the regulations on the branch of a non-resident bank of the Republic of Kazakhstan.

4. A non–resident bank of the Republic of Kazakhstan is responsible for the obligations of its branch operating in the territory of the Republic of Kazakhstan.

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

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