Joint-Stock Company “Kazakhstan sustainability fund” (hereinafter – JSC “KSF”) was registered with the justice authorities on September 11, 2017. The sole shareholder of JSC “KSF” is the National Bank of the Republic of Kazakhstan.

The main objectives of the Company's activities are to promote the financial stability of the banking sector through financial support for second-tier banks, to participate in ensuring the availability of mortgage housing loans, rental housing, to implement the mechanism for refinancing mortgage housing loans (mortgage loans), in the lending mechanism for priority projects, in implementing measures to reduce the debt burden of citizens of the Republic of Kazakhstan.

The main activities of JSC “KSF” are:

• financial support for second-tier banks, including through the provision of subordinated loans (acquisition of subordinated bonds), and signing for these purposes’ agreements with second-tier banks and their shareholders;
• the search for investors and sale of shares of second-tier banks acquired through the conversion of subordinated bonds (subordinated debt) to a new investor (s);
• placement of funds in securities, as well as in second-tier banks and the National Bank on the terms of a bank account and bank deposit agreement, including on conditions approved by the National Bank;
• factoring operations: acquisition of rights of claim for payment from a buyer of goods (works, services) with the adoption of the risk of non-payment (redemption of claims for bank loans from second-tier banks);
• reverse transfer of bank loans to second-tier banks.

Chairman of the Management Board – Yerbolat Ospanov
Address: Almaty, Koktem-3, 21, A15C9T5
Phone: +7 (727) 277-20-25 (ext. 7300);
E-mail: info@kfu.kz;
Website: www.kfu.kz.