Baku, Azerbaijan, April 25
By Ali Mustafayev – Trend:
The loan portfolio of second-tier banks of Kazakhstan decreased by 12.7 percent (1.9 trillion tenge) as of March 2018, compared to March 2017 and amounted to 13.3 trillion tenge, Kazakh media outlets reported.
Overdue loans of Kazakhstan’s second-tier banks decreased by 18.1 percent (482.7 billion tenge), to 2.2 trillion tenge in March 2018. In March 2017, the amount of overdue loans increased by 12 percent (284.9 billion tenge) year over year.
The share of bad loans from the loan portfolio decreased from 17.5 percent to 16.4 percent from March 2017 to March 2018.
The largest reduction in overdue debt was reported in the loan portfolio of RBK – as of March 2018, the bank decreased the amount of its overdue debt by 106.3 billion tenge to 101.4 billion tenge.
However, this did not improve the bank's performance - the share of "bad" loans in the bank’s portfolio still increased from 27.7 percent to 46.3 percent.
The list of banks, decreasing overdue loans includes Halyk Bank, reducing overdue loans by 69.3 billion tenge, to 257 billion tenge as of March 2017.
The top three of the banks reducing overdue loans also includes Sberbank, which reduced the share of overdue loans by 59.5 billion tenge, to 119.8 billion tenge.
(Exchange rate for 25 April, 2018: $1 - 325 tenge)