About RFCA

In 2005 the government of the Republic of Kazakhstan decided to establish the Regional Financial Center of Almaty, which was to be a flagship unit for domestic financial institutions. This decision was reasoned by need for development of the financial sector in the Republic of Kazakhstan, comparing it to other CIS countries, stable growth of financial service share in the gross domestic product (3.9% as of October 1, 2006), domestic savings, beginning of expansion of investment in CIS countries and the formation of human capital in the financial sector.

On June 5, 2006 the President of the Republic of Kazakhstan signed a Law of the Republic of Kazakhstan #145-III of RKL On the Almaty City Regional Financial Center (RFCA), which assumes special legislative mechanisms, which will regulate the relations between financial sector players and interested parties; these mechanisms are also targeted at the development of the Republic of Kazakhstan financial market.

It is worth mentioning that unlike currently existing special economic zones in the country, RFCA will not have a clearly defined territory. The territorial principle is observed through the requirement for RFCA professional players to have offices within the territory of Almaty city.

RFCA offers two panels of instruments for market integration: current major instruments and future additional ones. Current major instruments include corporate bonds, securitized loans, and currency derivatives. Future instruments are assumed in the long term perspective, depending on the liquidity ratio in RFCA and demonstration of interest by issuers: shares, Islamic instruments.

Almaty City Regional Financial Center set up certain goals to develop and launch its policies. The implementation of which will allow strengthening the competitiveness of financial services, offered at RFCA; these policies will facilitate the growth of the national stock market in general.

JSC "Regional financial centre of Almaty city"
19/1 Al Farabi Prospekt
Business Center Nurli Tau, Block 4B, 9th Floor
Almaty City, 050059, Kazakhstan
Tel: +7 (727) 3110931; Fax: +7 (727) 3110942
E-mail: info@rfca.kz