Investors make tenge deposits in Kazakhstan again

Business Materials 24 September 2014 11:59 (UTC +04:00)

Astana, Kazakhstan, Sept. 24

By Daniyar Mukhtarov - Trend:

The investors make the tenge deposits in Kazakhstan again, Ranking.kz. reported.

"In July, the banks drew time and fixed-term deposits worth 694 billion tenge ($ 1-182 tenge)," the analytical service said. "Some 58.1 percent of this amount (403 billion tenge) accounted for tenge deposits."

The amount of drawn deposits in July decreased by 14.1 percent compared to June, according to experts. The main decline accounted for the share of legal entities - minus 18.5 percent. On the contrary, physical persons increased the deposit flow (the difference by June - 1.8 percent).

The total portfolio of time and fixed-term deposits as of July 2014 exceeded 7 trillion tenge.

The share of deposits in national currency for the month increased to 50.2 percent.