Baku, Azerbaijan, Mar. 1
By Ali Mustafayev – Trend:
The business lending portfolio in Kazakhstan declined by over 300 billion tenge (-2 percent) in January 2018 and amounted to 16 trillion tenge, the First Credit Bureau (FCB) of Kazakhstan told Trend.
Over 56 percent of the portfolio accounts for small businesses, 10 percent - for medium business and 22.2 percent - for large business. The share of individual entrepreneurs in the lending portfolio accounts to 5.5 percent in the portfolio.
The aggregate loan debt on loans to individuals amounted to 5.2 trillion tenge by the end of January 2018, having decreased by 0.6 percent since the beginning of the year.
Compared to December 2017, The number of loans extended decreased by more than 9 percent, and the aggregate amount of loans extended by more than 20 percent. Such dynamics is also a consequence of the seasonality factor - the demand for consumer lending falls in January after peaks at the end of the year.
Despite the decline in the total volume of issues, a separate direction of lending, like credit cards, increased by 9.3 percent. The dynamics of car loans coincided with the general market dynamics (-21 percent). The unsecured consumer loans, in turn, decreased by 13 percent.
(Currency rate for 01.03.2018: $1 – 320 tenge)