Baku, Azerbaijan, Jan.30
By Nigar Guliyeva – Trend:
Kazakh banks registered a slight increase in volume of aggregate assets in 2017.
The total aggregate assets of 32 banks operating in Kazakhstan amounted to 24.2 trillion tenge, which is 0.2 percent more than a month earlier and 5.2 percent less than last year, analysts at finprom.kz state.
In 2016, the volume of assets showed an annual growth of 7.5 percent.
The most significant reduction in the portfolio of assets in 2017 was observed in July - by 5.2 percent compared to the previous month, and in January and February by 1.3 percent and 1.4 percent.
Halyk Bank is leading in the banking sector with assets of 5 trillion tenge. Next comes Qazkom with assets worth 3.5 trillion tenge and Tsesnabank - 2.2 trillion tenge.
The sharpest decline in assets for the year was in RBK bank - by 41.8 percent, from 1 trillion tenge to 594.3 billion tenge.
Earlier it was reported that the volume of loans issue to small businesses declined year on year by 3.1 percent, to 2.9 trillion tenge.
Decrease in the volume of loans to small companies in foreign currency was at the level of 16.8 percent, to 1 trillion tenge .
Loans to small businesses in national currency, in contrast, rose by 5.6 percent to 1.9 trillion tenge. The share of loans in tenge increased from 61.1 percent to 66.6 percent.
The official exchange rate for Jan.30 is 322.25 KZT / USD