Joint Stock Company ZAMAN-BANK is the regional bank that actively promotes economic development of both Pavlodar oblast and other regions of the Republic of Kazakhstan.
ZAMAN-BANK provides a wide range of bank services. It operates under the license issued by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations to carry out banking and other operations performed by the banks in national and foreign currency # 11 dated October 6, 2006.
The Bank is a member of the Association of Financiers of Kazakhstan, participant of the system for mandatory collective guarantee (insurance) of natural persons’ deposits in the Republic of Kazakhstan, partner of “Entrepreneurship Development Fund “Damu” within the framework of implementation of the Business Road Map 2020 program.
ZAMAN-BANK is focused on working with legal entities and individual entrepreneurs and has extensive experience in servicing large enterprises, as well as medium and small businesses. The main clients of the Bank are companies operating in the coal and energy industries, in the fields of mining, construction and transport.
In May 2013, a significant event took place the life of the Bank, determining its activities in the future: ZAMAN-BANK and the Islamic Corporation for the Private Sector Development (ICD) signed a memorandum of strategic cooperation. ICD announced about its step with liability to make ZAMAN-BANK into Islamic Bank with the expected investments of 35% of the signed and paid Bank capital.
In October 2013, the Shareholders’ Agreement was signed and the first installment was paid. So, JSC ZAMAN-BANK will be the second Islamic bank in the country.