Debt Securities Issued

12 Months Ended

Dec. 31, 2025

Disclosure of detailed information about borrowings [abstract]

Debt Securities Issued

19.Debt securities issued

	Currency	Maturity date	Nominal interest rate %		2024		2025
Third bond program – first issue	KZT	January 2025		9.90		51,050		—
Debt securities issued	USD	March 2030		6.25		—		331,992
Total debt securities issued						51,050		331,992

As at 31 December 2024 and 2025, accrued interest of KZT 2,062 million and KZT 5,420 million, respectively, was included in debt securities issued. All debt securities issued are recorded at amortized cost. The Group did not have any defaults or other breaches with respect to its debt securities issued as at 31 December 2024 and 2025.

On 27 January 2025 the Bank fully repaid its outstanding debt under the first issue of third bond program.

In March 2025, the Group issued debt securities totaling USD 650 million at a fixed rate of 6.25% per annum and maturing in 2030.