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Small, medium businesses expanding in Kazakhstan

Business Materials 1 October 2015 16:09 (UTC +04:00)

Baku, Azerbaijan, Oct. 1

By Elena Kosolapova - Trend:

The number of active small and medium enterprises in Kazakhstan has increased by 14,700 units during the period from August 2014 to August 2015, according to the Ranking.kz analytical service.

For comparison, the number of such companies in Kazakhstan decreased by 2,900 units in 2014.

The total number of active small and medium enterprises in Kazakhstan is 127,200 (36 percent of those registered).

Against the background of reduction in lending activity (a 12 percent reduction of the portfolio since early 2015), Kazakh banks strengthen various areas of work with the growing audience of corporate clients.

In rendering service to businessmen, the focus has shifted from providing occasional services to providing complex solutions for corporate clients and individual approach to customers.

Using special offers makes it possible to reduce costs of entrepreneurs on banking services and receive various kinds of services on the principle of a "single window".

Three Kazakh banks out of 35 promote complex programs and proposals for legal entities.

The ATF Bank offers a discount program to legal entities.

The essence of the product is the greater the account turnover of the entrepreneur, the greater the amount of discounts and the wider the range of services to which they apply. There are no proposals similar in concept with this product on the market of Kazakhstan.

The Sberbank offers its business customers to take advantage of different tariff packages. The essence of the product is the higher the cost of a monthly subscription for the service package, the lower are the rates for services.

The Bank Astana also offers different tariff packages to legal entities. The essence of the offer is the size of the discount depends on the selected tariff plan.

Edited by CN

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Follow the author on Twitter: @E_Kosolapova

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