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Practical Online Workshop Held on Raising Public Awareness of Deposit Protection in EAEU Countries

Practical Online Workshop Held on Raising Public Awareness of Deposit Protection in EAEU Countries

In accordance with the decision of the Council of Heads of Deposit Insurers of the Eurasian Economic Union (EAEU) member states, a practical workshop for employees of deposit insurance (guarantee) organizations of the EAEU member states was held via videoconference on March 4, 2025, on the topic "Information Policy of Deposit Insurers and the Practice of Raising Public Awareness about the Deposit Insurance System and its Protection."

Meetings of the Expert and Working Groups, as well as the Council of Heads, Held in Bishkek on February 19, 2025

Meetings of the Expert and Working Groups, as well as the Council of Heads, Held in Bishkek on February 19, 2025

On February 19, 2025, in Bishkek (Kyrgyz Republic), international events for the deposit insurers of the Eurasian Economic Union (hereinafter - EAEU) were held, including meetings of the Council of Heads of Deposit Insurers, the Expert Group on Harmonization, and the Working Group on Digitalization. As part of the activities of the Expert Group on harmonization of legislation in the field of insurance (guaranteeing) of bank deposits, liquidation, resolution and bankruptcy of credit institutions in the Eurasian Economic Union under the Advisory Committee on Financial Markets of the Eurasian Economic Commission (hereinafter – the Expert Group), a regular meeting was held on February 19, 2025, in Bishkek, Kyrgyz Republic, organized by the Deposit Protection Agency of the Kyrgyz Republic.

Meeting of the Expert Group on Harmonization of Legislation Held on January 21, 2025

Meeting of the Expert Group on Harmonization of Legislation Held on January 21, 2025

On January 21, 2025, a meeting of the Expert Group on harmonization of legislation in the field of insurance (guaranteeing) of bank deposits, liquidation, resolution and bankruptcy of credit institutions in the Eurasian Economic Union under the Advisory Committee on Financial Markets of the Eurasian Economic Commission (hereinafter – the Expert Group) was held. The meeting was conducted via videoconference.

Meeting of the Expert Group on Harmonization of Legislation Held in Yerevan on December 12, 2024

Meeting of the Expert Group on Harmonization of Legislation Held in Yerevan on December 12, 2024

As part of the activities of the Expert Group on harmonization of legislation in the field of insurance (guaranteeing) of bank deposits, liquidation, resolution and bankruptcy of credit institutions in the Eurasian Economic Union under the Advisory Committee on Financial Markets of the Eurasian Economic Commission (hereinafter – the Expert Group), a regular meeting was held on December 12, 2024, in Yerevan, Republic of Armenia. The event was organized by the Deposit Guarantee Fund of Armenia. The meeting was attended by representatives of the Eurasian Economic Commission, deposit protection organizations of the EAEU countries, and financial regulators of the EAEU member states.

12th Meeting of the EAEU Working Group on Digitalization Held

12th Meeting of the EAEU Working Group on Digitalization Held

On November 20, 2024, the twelfth meeting of the Working Group on Cooperation in the Field of Digitalization of Deposit Insurers of the Eurasian Economic Union (EAEU) was held via videoconference. During the meeting of the Working Group, the participants discussed the 2025 Work Plan and preliminarily approved the following topics for reports and discussion:ensuring the continuous availability of electronic services. Service level; online payouts; AI technologies in the activities of a deposit insurer: first projects; information systems for analyzing the solvency of banks, identifying and assessing risks for the purposes of the deposit insurers (payment of periodic contributions, assessment of the probability of financial deterioration); digitalization of the HR system.

International Conference and Meeting of the Council of Heads Held in Almaty on October 23, 2024

International Conference and Meeting of the Council of Heads Held in Almaty on October 23, 2024

As part of the international events dedicated to the 25th anniversary of the deposit guarantee system of the Republic of Kazakhstan, an International Conference and a meeting of the Council of Heads of deposit insurance (guarantee) organizations of the EAEU countries were held on October 23, 2024, in Almaty. The events were organized by the Kazakhstan Deposit Insurance Fund (KDIF). The participants of the International Conference discussed the role of deposit insurers in shaping a stable architecture of financial security, as well as the investment management of deposit insurers' assets.

Meeting of the EAEU Working Group on Digitalization Held in Almaty on October 23, 2024

Meeting of the EAEU Working Group on Digitalization Held in Almaty on October 23, 2024

As part of the activities of the Working Group on Cooperation in the Field of Digitalization of Deposit Insurers of the Eurasian Economic Union (hereinafter - EAEU) member states, the eleventh meeting was held on October 23, 2024, in Almaty, Republic of Kazakhstan, organized by the Kazakhstan Deposit Insurance Fund. The meeting was attended by representatives of all deposit insurers of the EAEU member states. Representatives of the Deposit Insurance Agency of the Russian Federation and the Kazakhstan Deposit Insurance Fund made presentations on the topic of the use of information subsystems during the period of a bank's temporary administration, its liquidation and bankruptcy, as well as in operating banks.

Meeting of the Expert Group on Harmonization of Legislation Held in Almaty on October 22, 2024

Meeting of the Expert Group on Harmonization of Legislation Held in Almaty on October 22, 2024

As part of the activities of the Expert Group on harmonization of legislation in the field of insurance (guaranteeing) of bank deposits, liquidation, resolution and bankruptcy of credit institutions in the Eurasian Economic Union under the Advisory Committee on Financial Markets of the Eurasian Economic Commission (hereinafter – the Expert Group), a regular meeting was held on October 22, 2024, in Almaty, Republic of Kazakhstan. The event was organized by the Kazakhstan Deposit Insurance Fund. The meeting was attended by representatives of the Eurasian Economic Commission, deposit insurers of the EAEU countries, as well as financial regulators of the EAEU member states.

Meeting of the Expert Group on Harmonization of Legislation Held

Meeting of the Expert Group on Harmonization of Legislation Held

On September 25, 2024, a meeting of the Expert Group on harmonization of legislation in the field of insurance (guaranteeing) of bank deposits, liquidation, resolution and bankruptcy of credit institutions in the Eurasian Economic Union under the Advisory Committee on Financial Markets of the Eurasian Economic Commission (hereinafter – the Expert Group) was held via videoconference. During the meeting of the Expert Group, a discussion was held on the issues of implementing the harmonization of legislation of the member states in the field of bank deposit insurance (guarantee), integration processes within the EAEU, and the formation of a common financial market.

International Conference and IADI Regional Committee Meetings Held in Tbilisi, Georgia on July 4-6, 2024

International Conference and IADI Regional Committee Meetings Held in Tbilisi, Georgia on July 4-6, 2024

On July 4-6, 2024, international events were held in Tbilisi, Georgia, including an international conference on "Deposit Insurers and Bank Resolution: Current State and Future Challenges," the annual meeting of the Eurasian Regional Committee (EARC), and a meeting of the European Regional Committee (ERC) of the International Association of Deposit Insurers (IADI). The international events were organized by the International Association of Deposit Insurers jointly with the Deposit Insurance Agency of Georgia.

Meetings of the Expert Group and the Council of Heads Held in the Russian Federation on July 17-18, 2024

Meetings of the Expert Group and the Council of Heads Held in the Russian Federation on July 17-18, 2024

As part of international events in St. Petersburg on July 17-18, 2024, meetings were held of the Expert Group on harmonization of legislation in the field of insurance (guaranteeing) of bank deposits, liquidation, resolution and bankruptcy of credit institutions in the Eurasian Economic Union under the Advisory Committee on Financial Markets of the Eurasian Economic Commission (hereinafter – the Expert Group) and the Council of Heads of deposit insurance (guarantee) organizations of the EAEU countries (hereinafter – the Council of Heads). The events were organized by the State Corporation "Deposit Insurance Agency".

On the Transfer of a Portion of JSC KDIF (Republic of Kazakhstan) Assets to Private Asset Management Companies for Trust Management

On the Transfer of a Portion of JSC KDIF (Republic of Kazakhstan) Assets to Private Asset Management Companies for Trust Management

The National Bank of the Republic of Kazakhstan (hereinafter - NBK) announces the start of the process of transferring assets of JSC "Kazakhstan Deposit Insurance Fund" (hereinafter – KDIF) to private asset management companies for trust management. The transfer of funds is being carried out as part of the NBK's strategy to develop the securities market and gradually move away from managing the assets of its subsidiary organizations. A ceremony was held in Almaty to sign the relevant agreement with representatives of several asset management companies.

Ninth Meeting of the EAEU Working Group on Digitalization of Deposit Insurers Held

Ninth Meeting of the EAEU Working Group on Digitalization of Deposit Insurers Held

On June 26, 2024, the ninth meeting of the Working Group on Cooperation in the Field of Digitalization of Deposit Insurers of the Eurasian Economic Union (hereinafter – the Working Group) was held via videoconference. During the meeting of the Working Group, the State Corporation "Deposit Insurance Agency" of the Russian Federation (hereinafter – DIA) and the Deposit Guarantee Fund of Armenia (hereinafter – Fund of Armenia) shared their experience in implementing tools for submitting applications and online reimbursement.

Meeting of the Expert Group on Harmonization of Legislation Held in Minsk on May 22-23, 2024

Meeting of the Expert Group on Harmonization of Legislation Held in Minsk on May 22-23, 2024

As part of the activities of the Expert Group on harmonization of legislation in the field of insurance (guaranteeing) of bank deposits, liquidation, resolution and bankruptcy of credit institutions in the Eurasian Economic Union under the Advisory Committee on Financial Markets of the Eurasian Economic Commission (hereinafter – the Expert Group), a meeting of representatives of the EAEU member states was held on May 22-23, 2024, in Minsk, Republic of Belarus. The event was organized by the Agency of Deposit Compensation of the Republic of Belarus. The meeting was attended by representatives of the Eurasian Economic Commission, deposit insurers, and financial regulators of the EAEU member states.

How are Payouts Made When a Bank’s License is Revoked in the Republic of Kazakhstan?

How are Payouts Made When a Bank’s License is Revoked in the Republic of Kazakhstan?

When placing their savings in a bank, depositors often ask themselves questions like, "What if something happens and the bank's license is revoked?" or "If it goes bankrupt, who will return my money and how?" Many questions arise. It is therefore important to remember that Kazakhstan currently has a deposit protection system that ensures the return of savings when an insured event occurs at a bank (revocation of its license). This process is regulated by the Kazakhstan Deposit Insurance Fund (KDIF).