Joint Stock Company 'Nurbank' (hereinafter referred to as the Bank) hereby reports that on April 27, the President of the Republic of Kazakhstan, Nursultan Nazarbayev, signed the Law of the Republic of Kazakhstan 'On Amendments and Additions to Some Legislative Acts of the Republic of Kazakhstan on Insurance and Islamic Finance' (hereinafter referred to as the Law).
In accordance with the Law, the maximum amount of warranty compensation for deposits of individuals, placed in banks participating in the compulsory deposit guarantee system, in the national currency has been increased from 5,000,000 tenge to 10,000,000 tenge. To prioritize the national currency over foreign currency, the maximum amount of warranty compensation for foreign currency deposits remains unchanged at not more than 5,000,000 tenge.
The Law also stipulates that if a depositor has several guaranteed deposits of different types and currencies in one participating bank, the Kazakhstan Deposit Insurance Fund will pay aggregate warranty compensation totalling no more than 10 000,000 tenge.
Additional information is available on the official website of the KDIF at: www.kdif.kz. KDIF specialists will answer all questions regarding deposit insurance at 8 800 080 10 20 (free of charge from all landline numbers in Kazakhstan).