Article 5. Types of activities of housing construction savings banks of the Law on Housing Construction Savings in the Republic of Kazakhstan

Home / RLA / Article 5. Types of activities of housing construction savings banks of the Law on Housing Construction Savings in the Republic of Kazakhstan

1. The main activities of housing construction savings banks in accordance with the license of the authorized body for regulation, control and supervision of the financial market and financial organizations are:

1) accepting deposits in housing construction savings, opening and maintaining depositors' accounts;

2) provision of housing, interim housing and pre-housing loans to depositors for measures to improve housing conditions;

3) accepting deposits, opening and maintaining bank accounts of depositors of savings for major repairs of the common property of the condominium facility and providing them with housing loans;

3-1) accepting deposits, opening and maintaining bank accounts of individuals for participation in the state educational savings system;

4) opening and maintaining special accounts for crediting lump-sum pension payments;

5) opening and maintaining current accounts for crediting payments and subsidies in order to pay for rented housing in a private housing fund.

6) opening and maintaining current accounts for crediting payments of target savings from the unified accumulative pension fund in order to improve housing conditions and (or) pay for education.

7) opening and maintaining current accounts for crediting payments of savings from an educational accumulative contribution or insurance payments under an educational accumulative insurance contract for the improvement of housing conditions.

IZPI's note!

Paragraph 1 is provided to be supplemented with subparagraph 8) in accordance with the Law of the Republic of Kazakhstan dated 30.06.2025 No. 205-VIII (effective sixty calendar days after the date of its first official publication).

8) bank loan operations: provision of loans in cash on the terms of payment, urgency and repayment within the framework of the State educational Funded system.

2. Housing construction savings banks may, in addition to the main type of activity specified in paragraph 1 of this Article, participate in the authorized capital of legal entities that are part of the financial market infrastructure and (or) automate the activities of housing construction savings banks in accordance with the procedure established by the banking legislation of the Republic of Kazakhstan, as well as other types of operations in accordance with licensed by the authorized body for regulation, control and supervision of the financial market and financial organizations, which include:

1) cash transactions - acceptance and disbursement of cash during one of the banking transactions specified in paragraph 1 and subitems 2), 6) of paragraph 2 of this article, including their exchange, exchange, recalculation, sorting, packaging and storage;

2) transfer operations - execution of orders from individuals and legal entities for payments and money transfers;

3) (deleted - dated July 2, 2007, No. 272 (for the procedure of entry into force, see art. 2); IZPI's note! Subparagraph 4) is amended by the Law of the Republic of Kazakhstan dated 07/15/2025 No. 207-VIII (effective sixty calendar days after the date of its first official publication).

4) issue of own securities (excluding shares);

5) safe deposit operations - services for the storage of securities issued in documentary form, documents and valuables of clients, including the rental of safe boxes, cabinets and premises;

6) foreign currency exchange operations;

6-1) fiduciary operations of managing the rights of claim on mortgage loans in the interests and on behalf of the principal;

6-2) trust operations of money management in the interests and on behalf of the principal for crediting payments and subsidies for the purpose of paying for rented housing in a private housing fund and providing social support measures to specialists in the field of healthcare, education, social security, culture, sports and the agro-industrial complex, civil servants of the offices of akims of villages, towns, rural districts, those who arrived to work and live in rural settlements;

6-3) trust operations of money management in the interests and on behalf of the principal within the framework of the state educational accumulative system;

7) accepting deposits, opening and maintaining bank accounts of legal entities;

Housing construction savings banks are also entitled to carry out dealer activities in accordance with the banking legislation of the Republic of Kazakhstan.

3. Housing construction savings banks have the right to engage in activities provided for by the banking legislation of the Republic of Kazakhstan for second-tier banks that do not require a license.

4. The housing construction savings bank, which has the status of a national development institute, also carries out activities provided for by the Law of the Republic of Kazakhstan "On Housing Relations".

The activities provided for in subparagraph 5) of paragraph 1 and subparagraph 6-2) of the first paragraph of paragraph 2 of this article may be carried out only by a housing construction savings bank with the status of a national development institute on the basis of a license issued by the authorized body for regulation, control and supervision of the financial market and financial organizations.

The Law of the Republic of Kazakhstan dated December 7, 2000 No. 110.

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