Baku, Azerbaijan, Feb. 2
By Elena Kosolapova – Trend:
Excess liquidity in Kazakh banks increased by 55 percent to 5.8 trillion tenges in 2016, Finprom.kz analytical center said in a message Feb. 2.
The liquidity of banks started to grow in the second half of 2015.
Earlier it ranged between 2.5 and 2.7 trillion tenges.
However, the banks do not invest the excess liquidity in the economy.
Kazakhstan’s loan market has almost stagnated since 2014 - the volume of total loan portfolio of Kazakh banks increased just by 7 percent in 2014-2015 and by 0.1 percent in 2016.
Meanwhile average interest rates increased from 11-13 percent per annum in 2010 to 14-21 percent per annum in 2015-2016.
Halyk Bank has the biggest share of excess liquidity (17 percent) among 10 largest banks in Kazakhstan.
The biggest excess liquidity was observed Halyk Bank in July 2016 – 25 percent of all the assets of the bank. However, since the second half of 2016, the bank has been investing the excess liquidity in the economy.
Bank CenterCredit with 13 percent of excess liquidity of its total assets ranks second among top 10 banks. The share of excess liquidity of this bank did not change in 2016.
Kazakh subsidiary of Russian Sberbank has the third largest share of excess liquidity among Kazakh banks – 12 percent as of the end of 2016.
(324 tenges = $1 on Feb. 2)