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People in Kazakhstan prefer to avoid credits

Business Materials 4 August 2016 18:08 (UTC +04:00)

Baku, Azerbaijan, August 4

By Elena Kosolapova – Trend:

The majority of Kazakh people are not going to buy anything in credit or get a bank loan in the next 12 months, according to the survey held in all the regions of the country in July.

The survey was conducted by GfK Kazakhstan company among 1,500 adult residents of the country living in the regional centers, Kazakh National bank reported on Aug. 4.

As much as 13.3 present said they were planning to buy something in credit or get a bank loan in the next 12 months, meanwhile 85.1 percent said they do not plan to do it.

Currently as much as 35.9 percent of the interviewed people pay off credits, including 19.6 percent paying off consumer credits, 64.1 percent of the interviewed pay off no credits.

Almost 70 percent of monthly payments on the credits do not exceed 50,000 tenge (354 tenge= $1). As much as 8 percent of the respondents pay off 100,000 tenge per month on their credits.

Edited by SI

Follow the author on Twitter:@E_Kosolapova

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