The Republic of Kazakhstan has a two-tier banking system. The National Bank of the Republic of Kazakhstan is the central bank of the state and represents the upper (first) level of the banking system.
The tasks, principles of activity, legal status and powers of the National Bank of the Republic of Kazakhstan (notifying bureau) are defined by the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan" and other laws of the Republic of Kazakhstan.
The notifying bureau regulates, along with its department, monitoring and supervision of banking activities within its competence and contributes to the creation of common conditions for the functioning of banks and organizations that carry out certain types of banking operations.
The regulatory functions of the notifying bureau in relation to banks and organizations carrying out certain types of banking operations are aimed at maintaining the stability of the monetary and credit system of the Republic of Kazakhstan, protecting the interests of bank creditors, their depositors and customers.
All other banks are the lower (second) level of the banking system, with the exception of the Development Bank of Kazakhstan, which has a special legal status, determined by the legislative act of the Republic of Kazakhstan.