Covered Letter of Credit



Size of letters of credit
Letter of credit term Currency of letters of credit Collateral
  • Maximum value of covered Letters of Credit: not exceeding the amount of money coverage (pledge) secured by the pledgee under the Customer's obligations/the amount of the bill of exchange, within the authority granted.
  • Maximum period of the letter of credit:

  •  - Up to 84 months - when the amount does not exceed 50 000 000 RUB (equivalent in KZT at the date of making a decision) 

  •  - Up to 60 months - when the amount does not exceed 100 000 000 RUB (equivalent in KZT at the date of making a decision).

  • Letter of credit validity period is determined depending on the Customer's requirements and conditions of the agreement/contract concluded between the Customer and its partner. 


  • In favour of a resident - letters of credit are opened in KZT.  

  • In favour of non-residents - letters of credit are opened in KZT, in RUB, USD, EUR, within the authority granted in accordance with the terms of the contract/agreement concluded between the Customer/third party and its partner, subject to compliance with the foreign exchange legislation of the Republic of Kazakhstan.


  • Money placed on the Bank's special account (pledge).
  • Bank's bill of exchange with a pledged endorsement in the same currency as the currency of the credit transaction.