The Kazakhstan Deposit Guarantee Fund (KDGF) plans to work out a mechanism that would temporarily preserve separate deposit guarantees during bank reorganizations. This is stated in the fund's annual report for 2025. This was reported by Qazaqyia.kz citing Kursiv Media.
The initiative is among the KDGF's key priorities for 2026 and is expected to enhance the level of depositor protection. The fund notes that the mechanism will be developed in accordance with international standards. However, the report does not specify the period after bank reorganization during which deposit guarantees would be considered separately, nor the forms of reorganization to which the new rule would apply.
In essence, the change could be significant for clients who keep money in two banks simultaneously, and then these banks undergo reorganization. Preserving separate guarantees during a transition period would prevent such deposits from being combined for guarantee purposes immediately after the banks' structure changes. The specific mechanism is yet to be developed by the KDGF.
Currently, the parameters of the deposit guarantee system remain unchanged. According to the KDGF, existing limits allow full guarantee of 99.8% of bank accounts in Kazakhstan.
As of the end of 2025, 21 out of 23 banks participated in the mandatory deposit guarantee system. The exceptions were two Islamic banks — ADCB and Zaman-Bank. During the past year, KMF Bank and Commercial Bank BNK joined the system.
In addition to changing the approach to guarantees during bank reorganizations, the KDGF intends in 2026 to develop a detailed anti-crisis action plan for bank resolution, modernize the SalT Inspect depositor accounting system, and strengthen the information security of its infrastructure.