National Bank of Kazakhstan
| Company type | Government-owned company |
|---|---|
| Industry | Central banking |
| Founded | April 13, 1993 |
| Headquarters | Astana , Kazakhstan |
Key people | Timur Suleimenov (Governor) |
| Products | Monetary policy, financial system stability, currency issuance |
| Owner | Government of Kazakhstan |
The National Bank of Kazakhstan serves as the central bank for the country of Kazakhstan.
History
The institution traces its roots back to the Kazakh Republican Bank, which was part of the State Bank of the USSR and later became the State Bank of the Kazakh SSR. On 13 April 1993, following new legislation, it was rebranded as the National Bank of the Republic of Kazakhstan.
Further clarification of its responsibilities was established by legislation enacted on 30 March 1995. Additionally, on 15 November 1999, the National Bank assumed full ownership and founding status of the Kazakhstan Deposit Insurance Fund ("KDIF"), enhancing its commitment to maintaining financial system stability.
Management Structure
Functioning autonomously within its legal framework, the National Bank remains answerable to the President of Kazakhstan. It collaborates with the Government of Kazakhstan to ensure consistency with national economic strategies, so long as these do not interfere with its primary duties and monetary policy objectives.
The highest decision-making body is the Management Board, composed of nine members: the Chairman, four Vice-Chairmen, a presidential appointee, two representatives from the government, and the Chairman of the Committee for Control and Supervision of Financial Markets and Institutions.
The organisational framework comprises:
- Central Office: consisting of 11 departments (including one located in Nur-Sultan), 10 autonomous offices, and one independent department
- A network of 16 regional branches along with an Almaty branch dedicated to Cash and Custody Services
- Five reporting entities:
- Centre for Operational Support (JSC)
- Kazakhstan Interbank Settlement Centre (State Enterprise)
- Banking Service Office (JSC)
- Kazakhstan Mint (State Enterprise)
- Banknote Factory (State Enterprise)
Governors
| Governor | Assumed office | Departed office | Remarks |
|---|---|---|---|
| Ghalym Bainasarov | 1992 | 1993 | |
| Daulet Sembaev | 1993 | 1996 | |
| Oraz Jandosov | 1996 | 1998 | |
| Kadyrzhan Damitov | 1998 | 1999 | |
| Grigori Marchenko | 1999 | 2004 | |
| Anvar Saidenov | 2004 | 2009 | |
| Grigori Marchenko | 2009 | 2013 | |
| Kairat Kelimbetov | 2013 | 2015 | |
| Daniyar Akishev | 2015 | 2019 | |
| Erbolat Dossaev | 2019 | 2022 | |
| Galymzhan Pirmatov | 2022 | 2023 | |
| Timur Suleimenov | 2023 | Present |
The National Bank of Kazakhstan possesses ownership interests in several prominent financial organizations:
- Kazakhstan Deposit Insurance Fund;
- Unified Accumulative Pension Fund, Joint Stock Company
Location
The central office is situated in Astana at 57A Mäñgılık El Street.