Performance of the Management Board and Committees Reporting to the Management Board

The executive body of the Bank is the Management Board acting on the basis of the Regulations on the Management Board approved by the Board of Directors of the Bank. The Management Board of the Bank manages the Bank’s day-to-day operations.

The Management Board of the Bank acts on behalf of the Bank, including representing its interests, making transactions as required by the laws of the Republic of Kazakhstan and the Articles of the Bank, approving the staffing table, including of the Central Office and Branches, issuing decisions and giving instructions binding on all employees of the Bank.

In the reporting period, the Bank’s Management Board made decisions on all issues of the Bank’s activity that are not referred by the legislative acts of the Republic of Kazakhstan and the Articles of the Bank to the competence of the Sole Shareholder and the Board of Directors of the Bank.

The Bank’s Management Board held 162 meetings in 2024 (195 meetings in 2023).

The work of the Bank’s Management Board Committees is summarized in the table below

Sr. No.	Name of the Committee	Number of Meetings Held		Number of Agenda Items Considered
Sr. No.	Name of the Committee	2023	2024	2023	2024
1.	Strategy and Corporate Development Committee	35	25	43	34
2.	Asset and Liability Management Committee	46	54	197	212
3.	Banking Products, Processes and Service Quality Committee	66	77	132	145
4.	Loan Committee: Committee 1 Committee 2	81 51 30	90 60 30	204 135 69	310 245 65
5.	Information Resources Committee	46	48	129	93
6.	Budget Committee	51	54	118	146
7.	Controlling Committee	31	24	39	35
8.	Human Resources Committee	18	21	74	71
9.	Information Security Committee	29	49	110	110
10.	Commission for Determining the Value and Write-Off of Fixed Assets, Intangible Assets, and Obsolete Inventories	12	11	12	11
11.	Risk Committee	45	41	95	76

Achievement of KPIs by Members of the Management Board

The performance of the Bank’s Management Board is evaluated based on the KPIs for 2024 approved by the Bank’s Board of Directors. The activity of the Bank’s Management Board in the reporting period is generally characterized as positive. The target corporate KPIs and individual KPIs of Members of the Management Board for 2024 were achieved. Achievement of KPIs for 2024:

Lyazzat Ibragimova, Chair of the Management Board – 121 %,
Aliya Aidarbekova, Deputy Chair of the Management Board – 118 %,
Nurlan Akshanov, Deputy Chair of the Management Board – 119 %,
Mukhtar Azimbekov, Deputy Chair of the Management Board – 119 %,
Rinat Taltusov, Deputy Chair of the Management Board – 122 %,
Elmira Raspekova, Deputy Chair of the Management Board – 122 %,
Zhansultan Matai, Deputy Chair of the Management Board – 121 %.

Major Transactions and Related Party Transactions

In the reporting year 2024, no major transactions (25 % or more of the Bank’s assets) and transactions with persons who have special relations with the Bank were made.