Total assets of Kazakhstan banks decrease
Baku, Azerbaijan, Sept. 27
By Ali Mustafayev – Trend:
The total assets of second-tier banks of Kazkahstan amounted to 24,088.8 billion tenge as of September 1, 2017, having decreased by 5.7 percent since the beginning of the year, the National Bank of Kazakhstan said in a message.
Loans account for 52 percent in the structure of assets, which is the majority. They are followed by the portfolio of securities amounting to 16.5 percent and cash, refined precious metals and correspondent accounts of 14.1 percent.
The total liabilities of the banking sector at the reporting date amounted to 21,252.3 billion tenge, having decreased by 6.4 per cent compared with the beginning of this year.
The liabilities of the banks to non-residents of Kazakhstan decreased from 7.4 perсent to 5.9 percent, in comparison with early 2017.
The total equity capital of the Kazakh banking sector as of September 1 amounted to 2,836.4 billion tenge, having decreased by 0.1 per cent in the first half of 2017.
The amount of net loss, caused by the formation of reserves by second-tier banks, in January-August 2017 reached 160.3 billion tenge.
Net interest margin and interest spread of banks as of September 1 were 5.19 per cent and 4.35 per cent respectively.
Currently, there are 33 second-tier banks officially functioning in Kazakhstan.