Cash Collateral under JAÑA Mortgage Will Be Placed in Deposit

Due to the planned amendments and additions to Resolution No. 3 of the Management Board of the National Bank of the Republic of Kazakhstan dated 31 January 2011, “On the Approval of the Standard Chart of Accounts for Accounting in Second-Tier Banks, Mortgage Organizations, Development Bank of Kazakhstan JSC, and Branches of Non-Resident Banks of the Republic of Kazakhstan,” which will enter into force on 1 April 2026 and provide for the exclusion of Account 2240 (Account for Holding Funds Received as Security (Collateral, Advance Payment) for Customers’ Obligations”), the standard chart of accounts will no longer include an account for holding funds received as cash collateral to secure customers’ obligations.

As part of these amendments, Bank CenterCredit will place the cash collateral used as security for a loan under the JAÑA Mortgage product in the Guarantee deposit.

What this means for the customer:

• Cash collateral will be placed in a deposit
• Interest will be accrued on the deposit at a rate of 0.1% per annum.
• This improves the terms for the customer, as no interest was previously accrued.
• The deposit will be covered by mandatory deposit insurance in accordance with the requirements of the current legislation of the Republic of Kazakhstan.

After the push notification is sent in the bcc.kz app, you will need to sign the following documents online:

• an application to open a deposit;
• the Guarantee Deposit Agreement;
• your spouse’s consent, if applicable;
• an addendum to the Bank Loan Agreement.

Please  be advised that the loan terms and servicing procedure remain unchanged.

If you do not yet have the bcc.kz app, please download it using the QR code.

If you have any questions, please contact us at 505.

Thank you for your trust and cooperation!