Factoring

Dear Business Customers, 

Please be informed that the amendments to the Tax Code took effect on 1 January 2026 in Kazakhstan, according to which factoring transactions are also subject to VAT. 

The Bank fees for the Factoring product are indicated inclusive of VAT. The Bank keeps providing favorable service terms for its business customers. 

With effect from 01 January 2026, an interest rate on the Factoring product is subject to VAT, with the VAT rate to be applied to the interest rate.  

In the event of any additional changes to the tariffs and/or banking service terms, the Bank will notify thereof in the manner and within the timeframe established by the laws of the Republic of Kazakhstan. 

Thank you for your cooperation! 

- charge forfeit (penalty, fine);

- recover from money in the Borrower's bank accounts, except for the cases provided for by applicable laws of the Republic of Kazakhstan;

- transfer the debt for pre-trial collection and settlement to a debt collection agency;

- assign the right (claim) under the factoring contract (Application for Accession) in accordance with the provisions of the applicable laws of the Republic of Kazakhstan and the factoring contract (Application for Accession);

- take legal action to recover the amount of debt under the factoring contract (Application for Accession), and foreclose on the pledged property on an out-of-court basis, except for the cases stipulated by the Law of the Republic of Kazakhstan “On Mortgage of Immovable Property”, or through the court;

- apply other measures provided for by the Bank's internal regulatory document, the applicable laws of the Republic of Kazakhstan and the factoring contract (Application for Accession).