The Board of Directors is the governing body of the Bank, exercising general management of its activities and control over the activities of the Management Board, with the exception of resolving issues assigned by the Law of the Republic of Kazakhstan "On Joint-Stock Companies" and/or the Charter of the Bank to the exclusive competence of the Sole Shareholder of the Bank, as well as strategic leadership and control over the implementation of sustainable development.

The Board of Directors carries out its activities in accordance with the Law of the Republic of Kazakhstan "On Joint-Stock Companies", other normative legal acts of the Republic of Kazakhstan, the Charter of the Bank, the Corporate Governance Code of the Bank, decisions of the Sole Shareholder, this Regulation, and other internal documents of the Bank. Decisions of the Board of Directors, adopted within its competence, are mandatory for execution by the Management Board, structural units, officials, and employees of the Bank.

The current composition of the Board of Directors of the Bank consists of individuals possessing the necessary qualifications, an impeccable business reputation, and experience, collectively sufficient for the general management of the Bank, in accordance with the chosen business model, the scale of activity, and the type and complexity of operations. The composition of the Board of Directors of the Bank and its powers are sufficient for the exercise of effective control.

Members of the Board of Directors of the Bank are oriented toward interaction, cooperation, and critical discussion in the process of decision-making. Members of the Board of Directors of the Bank conscientiously perform their duties and adopt decisions that minimize conflicts of interest.

The term of office of the Board of Directors is established by the Sole Shareholder of the Bank. The term of office of the members of the Board of Directors coincides with the term of office of the entire Board of Directors and expires at the moment the Sole Shareholder adopts a decision on electing a new composition of the Board of Directors. The Sole Shareholder has the right to terminate the powers of all or individual members of the Board of Directors ahead of schedule.

No person participates in decision-making related to their own appointment, election, and re-election.

When selecting candidates for the composition of the Board of Directors, the following are taken into consideration:

The quantitative composition of the Board of Directors is determined by the Sole Shareholder. The composition of the Board of Directors is established individually, considering the scale of activity, current tasks, development strategy and/or development plan, and financial capabilities.

According to the Corporate Governance Code of the Bank, the composition of the Board of Directors must be balanced, which implies a combination of members of the Board of Directors (representables of the Sole Shareholder, independent directors, the Chair of the Management Board) ensuring decision-making in the interests of the Bank and the economic development tasks set before it. Also, the recommended number of women in the composition of the Board of Directors of the Bank is at least thirty percent of the total number of members of the Board of Directors.