In May of the current year, the Kazakhstan Deposit Insurance Fund (KDIF), in accordance with the Law of the Republic of Kazakhstan “On compulsary insurance of deposits placed in second-tier banks of the Republic of Kazakhstan”, transferred unclaimed amounts of insurance compensation to depositors of 8 forcibly liquidated banks and (or) banks - participants in the compulsary deposit insurance system deprived of a license to conduct all banking operations (Valut-Tranzit Bank JSC, Kazinvestbank JSC, Delta Bank JSC, Eximbank Kazakhstan JSC, Qazaq Banki JSC, Bank of Astana JSC, Tengri Bank JSC and AsiaCredit Bank (AsiaCredit Bank) JSC, which were credited by UAPF to existing or newly opened individual pension accounts to account for voluntary pension contributions (VPC).
Perhaps you were a depositor of one of the listed banks, in which case we note that the unclaimed amounts of insurance compensation credited to the individual pension account (IPA) for accounting for the VPC will be invested in the same manner as other pension assets.
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