About the Fund

The "Kazakhstan Sustainability Fund" Joint-Stock Company (hereinafter referred to as the Fund) was registered with the justice authorities on September 11, 2017.
The sole shareholder of the Fund is the National Bank of the Republic of Kazakhstan.
The main objective of the Fund is to promote the financial stability of the banking sector through financial support for second-tier banks, as well as the implementation of the state program to refinance mortgage housing loans (mortgage loans).


  • assistance in increasing financial stability of second-tier banks;
  • development of a support system for second-tier banks by attracting private and state capital;
  • other tasks in accordance with the legislation of the Republic of Kazakhstan and (or) decisions of the Shareholder.


Participation in the design, implementation and financing of programs

(including government ones) for the support of the banking sector and refinancing of mortgage housing loans (mortgage loans)

Search for investors and sale of shares of second-tier banks

acquired by converting subordinated bonds (subordinated debt) to a new investor (s)

Financial support for second-tier banks

including through the provision of subordinated loans (the acquisition of subordinated bonds), and the conclusion of contracts with second–tier banks and their shareholders to this end

Placement of free funds in securities

as well as in second-tier banks and the National Bank on the terms of a bank account agreement and bank deposit, including on the terms approved by the National Bank



Program for Mortgage Loans/Mortgage Refinancing

(Operator of the Program)

Program for Improving the Financial Stability of the Banking Sector of the Republic of Kazakhstan

(Operator of the Program)

Program for Ensuring Long-Term Tenge Liquidity for Lending to Priority Sectors of the Economy

(Participant of the Program)

Contact details

"Kazakhstan Sustainability Fund" JSC
Office/Reception room +7 (727)344–27–44 (вн.7400)
A25D6H8, Dostyk ave., 136, Almaty, Republic of Kazakhstan