National Bank Head Rejects Claims of Negative Returns in Kazakhstan’s National Fund

Chair of the National Bank of Kazakhstan Timur Suleimenov dismissed reports alleging that the National Fund posted negative investment returns between January and July 2025, Orda.kz reports.

According to Suleimenov, such claims from analysts are unfounded:

I don’t know what kind of analysts are making such statements. I would just like to look them in the eye and ask about their responsibility... There are no losses in the National Fund’s investment income. On the contrary, for the third year in a row we are seeing quite high, healthy investment returns.

He clarified that in the first seven months of the year, the Fund’s investment yield reached 8% in U.S. dollars, with total income amounting to $4.6 billion, which has helped boost assets.

Responding to a question about the “National Fund for Children” program, Suleimenov said the payout figure for 2026 is not yet known:

He explained that the process begins with finalizing the number of recipients based on data from regional offices and public service centers, followed by confirmation of the Fund’s audited income.

Only then is the distribution determined.

Original Author: Ilya Astakhov